Plasma (XPL) Consolidation Persists: Traders Await Confirmed Breakout

The cryptocurrency price of Plasma (XPL) currently sits at around $0.8726 with a significant 39.9% surge in trading volume, indicating increased market activity. Analysts suggest that the current consolidation phase may continue for some time before an impactful breakout occurs. Underwater longs and potentially an extended accumulation phase are being observed by these analysts, while rising liquidity suggests a cautious but steady recovery outlook for XPL.