XPL Price Jumps 21% as Plasma Activity Explodes

The XPL price didn’t wait around for a second invitation. The token surged more than 21% intraday after an announcement promising that flights booked with the Platinum card would become noticeably more rewarding. Users can receive up to $600 in annual value back on additional airlines and earn 10% back on eligible flights, capped at $300 every six months.

Apparently, airline rewards still move markets. But unlike plenty of crypto rallies that appear out of thin air and disappear just as quickly, this one arrives alongside a network that’s showing signs of actual usage.

Transactions Are Climbing Faster Than Price

The bigger story may be happening under the hood of the Plasma ecosystem. Daily transactions on the Plasma Chain have climbed from roughly 155,000 to 808,000 over the past six months. That’s more than a fivefold increase in activity, suggesting the network is seeing significantly heavier utilization than it was at the start of the year.

In crypto, usage doesn’t always guarantee price appreciation. It does, however, give traders something more tangible than social media excitement to point at.

XPL Price Approaches Its Biggest Test

From a market structure perspective, the recovery has been equally notable. After falling to lows near $0.060 in early June, the XPL price has steadily recovered and is now pushing toward the $0.120 level. That zone is rapidly becoming the most important chart level on the board.

A break above it could open the door toward $0.144, followed by potential moves toward $0.175 and even $0.213.

Resistance Levels Still Hold The Keys

Of course, resistance levels exist for a reason. If buyers fail to force a breakout above $0.120, the rally could lose momentum quickly, with price potentially revisiting support around $0.075 instead.

For now, though, the combination of growing network activity and improving sentiment has turned the XPL price into one of the more closely watched charts in the market this week.