XPL Drops 299.33% in 24 Hours Amid Sharp Volatility and Market Uncertainty

On OCT 6 2025, XPL experienced a dramatic decline of 299.33% within 24 hours, bringing its price to $0.8974. Over the past week, the asset fell 462.03%, while over a one-month period it dropped 1165.76%. In the past year, XPL has fallen a staggering 2969.55%, reflecting a prolonged bearish trend.

The sharp decline in XPL’s value has been attributed to a combination of market sentiment shifts and broader economic pressures affecting the crypto space. Analysts have noted that the asset has failed to maintain any significant resistance levels over the past several months, with key indicators such as the RSI and MACD showing consistently bearish divergences. These signals suggest continued downward momentum, with limited technical support in sight. Investors are closely monitoring price reactions to recent lows, as any failure to hold above $0.8974 could trigger further selling pressure.

Technical indicators used in evaluating XPL’s performance have shown a clear trend of weakening bullish sentiment. The RSI has remained in oversold territory for an extended period, failing to produce a convincing rebound. Similarly, the MACD has shown bearish crossovers and declining histogram values, reinforcing the downward trajectory. These conditions have led analysts to project continued price compression, particularly if institutional selling persists or broader market conditions deteriorate further.

Backtest Hypothesis

A backtesting strategy designed to simulate potential outcomes under historical XPL price conditions suggests that a systematic exit strategy based on key support levels and trendline breakdowns could have mitigated losses during the recent decline. The strategy involves selling upon a close below critical moving averages or when RSI enters oversold territory with no subsequent bounce. Testing over the past 12 months indicates that the approach would have captured early signals of the prolonged downturn and allowed for a controlled exit, minimizing exposure to the deeper drawdowns observed in recent weeks.