XPL price did not wait for the second call. The token rose more than 21% on the day after advertisement Promising that flights booked with the Platinum Card will become significantly more advantageous. Users can earn up to $600 in annual value on additional airlines and earn 10% back on qualifying flights, up to a maximum of $300 every six months.
Clearly, airline bonuses continue to move markets. But unlike a lot of cryptocurrency rallies that appear out of nowhere and disappear just as quickly, this one arrives alongside a network that shows signs of actual usage.
Transactions are climbing faster than the price
Perhaps the biggest story happens under the hood of the plasma ecosystem. Daily transactions on its Plasma Chain He went up From about 155,000 to 808,000 over the past six months. This represents a more than five-fold increase in activity, indicating that the network is seeing much greater usage than at the beginning of the year.
In cryptocurrencies, usage does not always guarantee higher prices. However, it gives traders something more tangible than the social media sensations to point to.
XPL price is approaching its biggest test
From a market structure perspective, the recovery has been equally remarkable. After falling to lows near $0.060 in early June, the XPL price has steadily recovered and is now heading towards the $0.120 level. This area quickly became the most important level on the board chart.
A break above it could open the door towards $0.144, followed by possible moves towards $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 break above $0.120, the rally could quickly lose momentum, with support around $0.075 likely to be revisited instead.
For now, though, the combination of increased network activity and improving sentiment has turned the trend around XBL price To one of the most watched charts on the market this week.
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