Plasma XPL Pumps as Crypto Stablecoins Trading market Capitalization Reaches Record Peak: Cease Shorting the Market
A new milestone has been achieved in the stablecoin sector. The collective worth of dollar-linked cryptocurrencies has surged to approximately $307 billion, marking an all-time high, even as the overall crypto asset prices fluctuate.
Plasma (XPL), an emerging layer-1 network designed for stablecoin transactions, has also garnered interest.
The coin fluctuated between $0.40 and $0.42 on significant volume, continuing its rebound from the lows experienced last week. This trajectory adds momentum to the increasing trading market emphasis on “stablecoin infrastructure,” a concept that is reinvigorating capital inflows.
Stablecoin Expansion Represents the Most Robust Price floor for On-Chain Available volume Observed in Months
Data from DefiLlama indicates a 5-6% rise in stablecoin capitalization over the past month, illustrating a steady flow of available volume.
USDT continues to be the cornerstone of the sector, with an estimated supply of $181-$182 billion, and maintains significant daily trading volumes across various exchanges.
Leading crypto analysts believe this renewed growth is crucial. An uptick in stablecoin availability frequently precedes increased spot and derivatives trading activities, suggesting that the broader trading market momentum could be reestablishing itself.
Experts on X have associated the trend with three primary factors leading into Q4: ETF inflows, an expanding circulating supply of stablecoins, and expectations of a more lenient monetary policy by year-end.
Together, these elements create the most solid foundation for on-chain liquidity seen in several months.
DISCOVER: 15+ Upcoming Coinbase Listings to Monitor in 2025
XPL Price Outlook: Is XPL Crypto Indicating a Optimistic Reversal Pattern Following an Extended Downtrend?
One crypto analyst shared the XPL/USDT 4-hour chart, indicating that momentum may be changing.
After falling for several weeks from levels above $1.80, the crypto token has now stabilized around $0.40, a level that has established itself as strong support.
A downward trendline from previous highs has bounded every recovery until now. However, the latest candles point to a reduction in pressure as XPL consolidates within a narrowing wedge.
Such patterns typically surface prior to a reversal when buyers succeed in surpassing price ceiling with significant volume.
At approximately $0.4178, XPL is near that breakout threshold. The subsequent price ceiling lies close to $0.45, while robust support remains around $0.36 to $0.40.
Volatility is diminishing, and sellers seem to be losing traction, indicating that some traders may be positioning themselves at the lower boundary.
If bulls manage to breach the upper limit, the chart suggests a possible advance toward $1.60, roughly a 3.8× increase from current values. Conversely, if the $0.36 support fails, the bullish formation could collapse, likely prompting another decline.
At present, XPL is navigating a critical zone. A confirmed upward movement could signify the beginning of a recovery phase, whereas any further rejection might prolong its overarching bearish in the upcoming sessions.
DISCOVER: 9+ Top Memecoins to Consider for Purchase in 2025
Join The 99Bitcoins News Discord Group For Timely Trading market Insights
The article Plasma XPL Pumps as Crypto Stablecoins Crypto market Cap Hits All-Time High: Stop Shorting the Crypto market first appeared on 99Bitcoins.
