DTCC Partnership Drives 51% Rally in Stellar’s XLM

- DTCC integration news sparks rapid price surge and short squeeze - XLM tests major long-term resistance after record open interest and liquidations According to Cointelegraph on May 29, 2026, the US Depository Trust & Clearing Corporation (DTCC), the central clearing house for US securities, announced a major partnership to integrate its tokenized securities platform with the Stellar network. DTCC is targeting a launch in the first half of 2027, and the announcement sharply increased market activity for Stellar’s native token XLM, pushing it to its highest price since January. The rally then accelerated as a short squeeze unfolded. Since May 28, nearly $12.41 million in short positions have been liquidated, compared with $6.82 million in long liquidations. This wave of forced buying drove XLM’s price higher, while open interest nearly doubled to $292.11 million. In addition, OI‑weighted funding rates turned deeply negative, reflecting persistent bearish positioning and further fueling upside momentum. However, despite these gains, XLM now trades at major long‑term resistance between $0.198 and $0.224, where the 50‑, 100‑, and 200‑week exponential moving averages converge. Previous institutional‑driven rallies in XLM, including those around the 2024 US election and the PayPal stablecoin launch in July 2025, ended with rapid corrections of 68–74%. Therefore, analysts note that failure to decisively break current resistance threatens a potential pullback toward $0.112–$0.136, implying a 30–40% downside, while they add that a successful breakout could instead propel XLM to the $0.28–$0.30 range. As of 16:08 UTC on May 29, 2026, Stellar (XLM) is trading at $0.213, with an 8.26% increase in 24‑hour trading volume, according to the latest market data.