Stellar Price Reclaims $0.19 Following Protocol 28 Upgrade
Stellar (XLM)
Editor:
Eugene Serbin
cryptocurrency.com.tr reports that Stellar reclaimed the $0.19 mark overnight into September 19, 2026. The XLM price stood at $0.19544 at 02:48 UTC, representing a 5.57 percent increase from its level 24 hours earlier. This recovery was triggered by a broad market rebound following the US Federal Reserve's rate decision and the ongoing Protocol 28 network upgrade.
The upgrade has been running on the mainnet since September 16, providing a fundamental backdrop to the price movement. Trading data pulled from CoinGecko shows the asset traded at the equivalent of 0.170118 euros at the time of measurement. Over the past 24 hours, the price ranged between a low of $0.184698 and a high of $0.196013.
On a weekly view, the asset has gained 8.39 percent, while the 30-day gain stands at 13.46 percent. The market capitalisation is approximately $6.82 billion, placing Stellar 20th among the largest crypto assets. There are 34.87 billion XLM in circulation, with a 24-hour trading volume of $269.2 million. This volume represents about four percent of the market capitalisation, indicating an average reading with no sign of unusual activity.
How the market reacted
Whalio's own Binance spot order flow for XLM, measured when this story was written up on 19 September 2026. Not the outlet's figures.
Whalio spot data shows XLM trading at $0.1931, with a 24-hour buy ratio of 51.9 percent. This contrasts with shorter timeframes where buying pressure is weaker, showing a 46.4 percent buy ratio over 1 hour and 48.7 percent over 4 hours. The volume delta reflects this shift, sitting positive at +$877,079 over 24 hours but negative at -$77,610 for the hour and -$67,546 for the four-hour period. A positive volume delta indicates that buy volume exceeded sell volume during that period, while a negative delta means sells dominated. The cumulative volume delta (CVD) for the 24-hour close is -$288,984, suggesting that despite the higher buy ratio, net selling pressure has outweighed buying over the full day. Net buying occurred for only 9 of the 24 hours, indicating inconsistent demand throughout the session.
The latest daily buy ratio of 47.8% sits at the 16th percentile of the last 324 days, against a median of 50.7% - weaker buying than most days.
Was that an ordinary day?
The same Binance spot measurements for XLM, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 49.1 percent, making the current 24-hour ratio of 51.9 percent an increase of 2.7 percentage points. Spot volume for the day was $23,884,418, which is 1.22 times the weekly average, indicating above-average trading activity. However, the 8-day volume delta total was -$2,188,415, showing that net selling has persisted over the longer timeframe. Net buying was recorded on only 2 of the past 7 days, highlighting that the recent price gain has not been driven by consistent accumulation. The price change over 8 days was +8.3 percent, aligning with the weekly gain mentioned in the source report.