Stellar Upgrade Triggers Trading Pauses on Major Exchanges. XLM Faces Resistance

South Korea’s largest exchange pauses operations as Stellar prepares for a major network overhaul, with XLM price action showing resistance at $0.37. South Korean crypto exchange Upbit temporarily suspended trading in Stellar’s XLM token on Tuesday, a precautionary move as the Stellar network readies for its Protocol 23 upgrade. The scheduled modernization, set for Sept. 3, is expected to enhance scalability and accelerate transaction speeds, prompting several exchanges to adopt stability measures during the transition. XLM traded in a narrow band between $0.36 and $0.37 in the 24 hours leading up to the upgrade, with volume spikes coinciding with tests of resistance at the upper end of that range. Despite multiple attempts to break through $0.37, selling pressure kept prices capped, while strong support formed at $0.36. Analysts suggest this consolidation reflects institutional accumulation, with market participants watching closely for a decisive breakout. The final hour of trading before the suspension saw heightened volatility, with XLM briefly touching $0.37 before slipping back to $0.36. The price action underscores the network’s importance in cross-border payments and the growing institutional focus on digital asset infrastructure. Broader momentum is also being fueled by rising interest in central bank digital currencies (CBDCs) and enterprise blockchain adoption, including partnerships involving Hedera. With Stellar’s Protocol 23 upgrade underway, traders are eyeing two critical levels: the $0.45 resistance, which XLM has failed to clear on four separate occasions since June, and the $0.30–$0.32 support zone, seen as a potential accumulation area. Market observers say the outcome of the upgrade could dictate whether Stellar finally breaks through its ceiling or retreats to rebuild support at lower levels. Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. Price Parameters: XLM traded within a $0.36-$0.37 corridor during the 24-hour period with 3% aggregate volatility.Volume Assessment: Peak trading activity of 28.91 million during resistance examination at the $0.37 threshold.Support/Resistance Dynamics: Robust resistance established at $0.37 with support maintaining integrity around $0.36.Breakout Configurations: Multiple unsuccessful attempts to sustain valuations above the $0.37 resistance threshold.Institutional Participation: Volume surges coinciding with key technical levels suggest accumulation patterns amongst sophisticated market participants. https://www.coindesk.com/markets/2025/09/03/stellar-upgrade-triggers-trading-pauses-on-major-exchanges-xlm-faces-resistance #crypto #bitcoin #ethereum #cryptocurrency #news #blockchain #litecoin #cryptonews #cryptonewstoday #cryptoworld #cryptonewstoday ***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST ENTERTAINMENT! This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research. bitcoin, blockchain, crypto, cryptocurrency, altcoin, investment, ethereum, bitcoin crash, xrp, cardano, ripple