XPL +38.5% in 24 Hours Amid Technical Bounce and Volatile Short-Term Movement

On OCT 16 2025, XPL rose by 38.5% within 24 hours to reach $0.4759, XPL rose by 1848.95% within 7 days, dropped by 5385.15% within 1 month, and dropped by 6327.41% within 1 year.

The recent 24-hour price jump marks a significant reversal for XPL, which has otherwise faced a steep decline across longer timeframes. The asset’s short-term performance reflects a possible stabilization following a deep correction in recent weeks. Investors are paying close attention to whether this upward swing represents a broader recovery or a temporary market reaction. The 1848.95% gain over 7 days stands in stark contrast to the 5385.15% drop in the last month, indicating a sharp reversal in sentiment, albeit within a volatile and challenging environment.

Technical analysis points to the formation of a potential base on the daily chart, with XPL stabilizing above key support levels after a period of sharp depreciation. The recent 38.5% move may have triggered stop-loss orders and short-covering activity, contributing to the upward bias. However, the longer-term chart remains bearish, with the 12-month decline still weighing on overall market psychology and investor confidence.