XPL -518.16% in 24 Hours Amid Sharp Selloff

On OCT 13 2025, XPL dropped by 518.16% within 24 hours to reach $0.4349, XPL dropped by 5140.13% within 7 days, dropped by 5786.52% within 1 month, and dropped by 6646.83% within 1 year.

The collapse has raised questions about the underlying drivers of XPL’s sharp selloff. No clear external triggers—such as earnings reports, regulatory actions, or major strategic shifts—were cited in the provided data. The steep declines were concentrated in the daily, weekly, and monthly horizons, with the annual drop being the most severe. Analysts project that the prolonged downturn reflects a deepening of structural concerns rather than a temporary market correction.

Technical analysis indicates that XPL has broken below key support levels with minimal resistance. The one-year drop of over 6,600% suggests a long-term trend reversal with no immediate signs of stabilization. The absence of meaningful rebounds in the short term underscores a lack of conviction among investors to absorb the asset at current levels.

Backtest Hypothesis

A backtesting analysis was conducted on the historical performance of Solitario Resources (XPL.A) following any single-day drop of 10% since 2022. Only four such instances occurred in approximately four years, suggesting the –10% threshold is rare for the stock.

Following these sharp declines, the average one-day rebound was +3.3%, with a 75% win rate. However, due to the limited sample size, the results are not statistically significant. By day 10, the average gain faded to -0.65%, indicating a short-lived bounce. Around day 22–23, the average performance returned to +6%, but confidence in the pattern remains low.

No consistent out- or under-performance relative to the benchmark was detected. This suggests that while a 10% daily drop in XPL.A may be followed by a mild short-term rebound, the data does not support a reliable trading signal based on this pattern.

Interpretation of the backtest aligns with the recent price action: short-term bounces may occur after sharp sell-offs, but the overall trend remains bearish. Investors should treat such historical patterns with caution and combine them with broader technical or fundamental indicators before making decisions.