XPL Dips 25.52% in 24 Hours Amid Lingering Market Weakness

On OCT 10 2025, XPL fell 25.52% within 24 hours to $0.7404, marking a continuation of its downward trend that has seen the token fall 1977.52% over the past week, 2696.51% over the past month, and 4187.74% over the past year.

The recent sell-off has been attributed to broader market sentiment and the absence of meaningful catalysts supporting a rebound in XPL’s valuation. Investors have been shifting capital to more resilient assets, leaving XPL exposed to the general bearish environment. The token has been unable to regain its foothold above key psychological levels, exacerbating investor caution and triggering further liquidation.

Technical indicators remain bearish across multiple timeframes. The 200-day moving average has acted as a ceiling for XPL, with the price failing to break above it for an extended period. The RSI has entered oversold territory, but historically, this has not translated into meaningful rebounds. The MACD has crossed below its signal line, reinforcing the downtrend. These signals suggest continued pressure and limited upside potential in the near term.

Analysts have noted that XPL’s decline reflects a lack of innovation or partnerships that might have driven renewed interest. The token has not seen a material update to its roadmap or product offerings in several months, leaving it vulnerable to shifts in investor preferences. A handful of analysts have stated that without a clear strategic pivot or external catalyst, XPL is likely to remain range-bound or continue its downward trajectory.

Backtest Hypothesis

A potential backtesting strategy for XPL is based on the convergence of technical indicators with price action. This approach involves entering short positions when the 50-day and 200-day moving averages cross in a bearish manner, confirmed by a break below the 20-day moving average. A stop-loss is placed at the most recent swing high, and a take-profit target is set at the next key support level, or 10% below entry. This strategy aims to capitalize on the continuation of the prevailing downtrend while limiting exposure to sudden rallies.

The hypothesis posits that XPL’s current structure favors systematic selling rather than discretionary trading, given the token’s consistent underperformance against broader market benchmarks. The backtest assumes a fixed position size and risk management rules to ensure that the strategy remains robust under varying volatility levels.