XPL climbs over 10% after strategic deal with Stripe to broaden payments utility

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Plasma surges 10.14% today on Stripe news

Highlights

Plasma has partnered with Stripe to offer multi-currency stablecoin cards supporting USD, EUR, BRL, USDC, and over 30 countries.
Cardholders receive cashback in the XPL token, expanding utility and reach in the digital payments sector.
XPL/USD trades below major averages, indicators show bearish momentum, and the expected five-session range is $0.0785 to $0.0948 with a high probability of a downward move.

Ecosystem reach expands as Stripe partnership drives product momentum

Plasma has announced a partnership with Stripe to launch multi-currency stablecoin cards, enabling support for USD, EUR, BRL, USDC, and providing cashback in its native XPL token for cardholders in more than 30 countries. This product release represents a significant expansion of its utility and reach within the digital payments sector. Other recent news directly related to Plasma or its ecosystem is not available.

Anton Kharitonov, expert at Traders Union, notes that despite the Stripe partnership, XPL remains technically weak. He highlights that the token trades under all key moving averages, showing persistent seller dominance. Indicators, including MACD and BBP, signal negative momentum and weak demand. Even today's price rally has not reversed the overall bearish structure. "The multi-currency card news is positive, but until XPL reclaims critical levels above $0.0948, the downtrend risk stays high."

Viktoras Karapetjanc, expert at Traders Union, sees the Stripe partnership as a turning point for XPL’s ecosystem expansion. The product’s multi-currency reach and cashback feature boost fundamentals and global adoption prospects. He believes the current technical setup offers opportunities for medium-term growth if momentum turns. "Adoption partnerships like these are building blocks for further uptrends — I expect the market to unlock more upside as sentiment improves."

Parshwa Turakhiya, analyst, observes that recent XPL price action is driven by sentiment from the Stripe news, yet overall trend remains fragile. He notes that most momentum indicators are oversold, creating near-term rebound setups for active traders. If intraday strength persists and resistance at $0.0948 breaks, a quick technical reversal is possible. "For now, I’m watching volatility and sentiment — nimble strategies could catch moves both ways in this corridor."

Bearish structure holds as momentum signals reinforce seller dominance

XPL/USD is trading below its 20-day, 50-day, and 200-day moving averages ($0.0932, $0.0906, and $0.0925), indicating persistent seller pressure on short-, medium-, and long-term trends. The near-term ceiling stands at $0.0898, with immediate support at $0.0878, while the Ichimoku Kijun level at $0.1012 affirms a bearish structure given the current price remains below all major moving averages and longer-term trend alignment is bearish. Momentum signals are generally weak, as the Moving Average Convergence Divergence (MACD) issues a sell outlook and the Average Directional Index (ADX) reflects a neutral trend. The Relative Strength Index (RSI) is at 39.3906 with a sell bias, and both the Stochastic RSI and Commodity Channel Index (CCI) indicate oversold conditions. Bull/Bear Power (BBP) remains negative, suggesting that sellers currently dominate intraday momentum and reinforcing the oversold outlook. The Awesome Oscillator (AO) also confirms negative momentum. Today, the price is up $0.0081, or 10.14% on an upside gap of 0.25%, and is trading near the day’s high. Intraday volatility stands at 17.22%, and today’s tone shows persistent strength toward session highs despite the bearish momentum from most indicators.

Earlier, analysts noted that Plasma’s partnership with Stripe marked a potential turning point for XPL, challenging its previously entrenched bearish trend. The current analysis reinforces a cautious outlook, as fresh technical data shows persistent downside risks and highlights $0.0948 as a pivotal resistance level that may determine whether a sustained recovery can take hold.

Source of Data: XPL Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

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