XPL +1192.22% in 24 Hours Amid Volatile Market Correction

On OCT 12 2025, XPL rose by 1192.22% within 24 hours to reach $0.4484, while experiencing a steep decline of 5182.65% within 7 days, 5640.92% within 1 month, and 6530.96% within 1 year. The sharp 24-hour rebound marks a reversal in the asset’s long-term downtrend, though broader fundamentals remain under pressure.

The recent price movement follows a dramatic correction phase that accelerated in late September 2025, triggered by a combination of declining on-chain activity and a sharp sell-off in speculative positions. Despite the 24-hour rebound, XPL remains well below its peak levels of earlier in the year. Market observers highlight that the price action reflects short-term speculative positioning, with limited influence from long-term demand drivers. Analysts project that unless XPL can break above $0.50 with sustained volume, the rally may lack staying power.

Technical indicators remain bearish, with the RSI at oversold levels and the 50-period moving average below the 200-period line. Traders are closely watching for a potential rejection at $0.50, which could either validate the short-covering rally or expose further fragility in the asset’s fundamentals. The MACD histogram has shown a marginal improvement, but momentum remains weak overall.

Backtest Hypothesis

A proposed backtesting strategy involves entering long positions on XPL when the price closes above the 50-period moving average and RSI crosses above 30, with a stop-loss set at the 20-period moving average. The exit signal is triggered when the RSI drops below 50 or the price fails to close above the 200-period moving average. This strategy aims to capture short-term rebounds while minimizing exposure to ongoing bearish momentum. Given XPL’s current technical profile, the approach is designed to exploit mean-reversion behavior within a highly volatile environment.