Live price: $XPL
is trading around $0.117–$0.120 USD, with market cap near $216M. In the last 24 hours, the token has dipped about -4.5%, and trading volume remains robust, reflecting continuing interest despite recent weakness.
💥Entry Zone 🟢
BY Short
Entry : 0.1186
TP: 0.1390
TP:0.1490
TP:0.1560
Token unlock event: On January 25, 88.89 M XPL tokens (approx 4.33% of circulating supply) entered the market as part of scheduled vesting, which can create short-term selling pressure if demand doesn’t absorb the added supply.
🧠 What Is XPL (Plasma)?
Plasma (XPL) is a stablecoin-optimized Layer 1 blockchain designed for high-speed, zero-fee USDT transfers, EVM compatibility, and cross-chain liquidity. It serves as infrastructure for stablecoin settlement, DeFi, payments, and expanding global stable money use cases.
Key utility of XPL includes network security via staking, governance participation, and serving as the gas token for smart contract activity on Plasma’s network.
🔄 Recent Price & Trend Drivers
📈 1. Partial Rebound and Momentum
Recent price action showed XPL recovering over 60 % from its December lows, indicating that buyers are emerging at lower levels and sentiment may be trying to stabilize. Technical indicators pointed to some short-term upside potential if key resistance levels hold.
📉 2. Longer-Term Volatility and Sell-offs
Earlier waves of profit-taking and FUD-driven selling led to sharp declines from #Plasma
early highs. Some analysts attributed this partly to social media rumors and market manipulation narratives asserting developer team connections to other troubled projects — though these claims have been disputed.
🔗 Ecosystem Developments & Integrations
🌉 1. Cross-Chain Integration with NEAR Intest
@Plasma announced integration with NEAR Intents, which connects XPL and its stablecoin liquidity into a cross-chain pool spanning 125+ assets.