Plasma technical analysis: Upward momentum as buyers maintain control

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Plasma jumps 8.17% on Stripe news

Highlights

Plasma is partnering with Stripe to develop multi-currency cards, expanding the reach of its payments infrastructure.
Integration with Stripe is expected to boost demand and adoption of the native XPL token, though the utility details remain unspecified.
XPL/USD trades at $0.0851, up 8.17% with strong intraday momentum, and is expected to consolidate between $0.0818 and $0.0884.

Partnership with Stripe drives optimism amid expanding token utility

Plasma has announced a partnership with Stripe to jointly develop multi-currency cards, signaling a strategic expansion toward broadening the utility of its payments infrastructure. This collaboration creates the potential for increased demand of the native XPL token by integrating it with Stripe’s established payment networks, which is likely to fuel further institutional and retail interest. According to Coinmarketcal, specific details about the role of XPL have not yet been outlined, but the deal itself has catalyzed positive sentiment and positioned the asset for further adoption.

Mixed moving averages as momentum signals sustain bullish bias

The XPL/USD price is trading below the MA-20 and MA-200, while remaining above the MA-50. The Ichimoku Kijun at $0.0825 serves as immediate support. MACD and Stochastic RSI both provide strong buy signals, with ADX also indicating a buy, suggesting continued intraday upward momentum. RSI is within the buy zone, CCI is neutral, and Bull/Bear Power shows buyers are in control. Awesome Oscillator remains neutral, so it does not add confirmation.

Consolidation likely as breakout risks skew to the upside

In the short term, the most likely scenario is consolidation in the $0.0818 to $0.0884 range, with a 73% chance of an upward breakout. A bullish scenario would see a move above resistance, potentially unlocking further gains. If the price breaks below immediate support at the Ichimoku Kijun, a deeper retracement into lower territory is possible, but this is currently the less probable outcome.

Viktoras Karapetjanc, analyst at Traders Union, sees the Stripe partnership as a strong catalyst for Plasma’s adoption. He notes that high volatility and bullish signals reflect growing institutional and retail sentiment. Karapetjanc believes integration with Stripe could further stimulate demand for XPL, with technicals reinforcing an upbeat outlook. He views the current consolidation as a launchpad for an upward breakout. "With institutional-grade partnerships now in play and technical momentum building, I see strong constructive grounds for further XPL gains," he says.

Earlier, analysts noted that Plasma’s Stripe partnership marked a potential turning point for the project but maintained a cautious outlook due to prevailing technical challenges. The latest analysis strengthens this cautious view, highlighting support at $0.0825 as a key level to watch for confirmation of continued upward momentum or the potential for renewed downside risk.

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

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.