Exopolysaccharides (EPS) represent an important tool for application in bio- and phytoremediation technologies due to their ability to enhance water and nutrient retention, support microclimate stability, and protect plants from environmental stress. In the present study, xanthan-like EPS produced by Xanthomonas translucens TRK8 was precipitated by ethanol and isopropanol, with the former yielding 9.2 g L⁻¹ compared with 6.7 g L⁻¹ obtained with the latter. The monosaccharide profile of the TRK8-derived EPS indicated a branched structure composed of rhamnose, mannose, glucose, and galactose residues, containing both α- and β-type pyranose units. The rheological properties of the studied EPS were compared with those of commercial xanthan at concentrations of 1–3 wt.%. Fitting the obtained data to the Ostwald–de Waele power-law model revealed that the flow behaviour index (n) values were below 1 (−0.338, −0.499, and −0.647, respectively), indicating shear-thinning behaviour (i.e., pseudoplasticity). The potential of the TRK8-derived EPS as a plant protection agent was validated by coating barley seeds with 2 wt.% EPS, resulting in a 28.6% increase in shoot length and a 64.7% increase in root length relative to the oil-stressed control.