Stellar's XLM experienced volatility in a trading session from September 11 to 12, oscillating between $0.384 and $0.400, ultimately closing at $0.393. This performance was marked by a temporary surge to $0.400, but late-session profit-taking led to a pullback. The stakes are rising in the payment token sector as new competitor Remittix has raised $25.2 million and introduced a 15% USDT referral incentive, challenging both XLM and Ripple's XRP. Despite this competitive pressure, some analysts forecast potential long-term growth for XLM, suggesting a possible 400% increase towards $1.96 based on Elliott Wave analysis. Furthermore, speculation regarding a collaboration between Ripple and Stellar to enhance blockchain interoperability adds an intriguing dimension to the market dynamics. Overall, despite late-session losses attributed to selling pressure, the market's outlook on XLM remains cautiously optimistic as it navigates intensified competition in cross-border payments.

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