XPL Drops 505.54% in 24 Hours Amid Sharp Volatility and Market Correction

On OCT 8 2025, XPL dropped by 505.54% within 24 hours to reach $0.8716, while registering a 49.49% rise over the past seven days, a 1409.74% drop over the past month, and a staggering 3163.7% decline over the past year. The rapid price correction has drawn attention to XPL’s volatility, with traders and analysts monitoring key price levels and potential support/resistance zones for signs of stabilization.

The recent 24-hour price plunge has been attributed to increased bearish pressure following a series of large sell orders, particularly from institutional participants. XPL’s price has now breached critical psychological levels, with traders observing whether the $0.8716 level can hold as a short-term floor. Analysts note that this sharp sell-off contrasts with the 49.49% rise seen in the preceding seven days, highlighting the extreme price swings in recent weeks.

Technical indicators have shown a divergence between price and momentum, with the Relative Strength Index (RSI) dropping into oversold territory and the Moving Average Convergence Divergence (MACD) showing negative crossover. These signals suggest that the recent sharp drop may have oversold conditions, potentially setting the stage for a rebound if long-term holders begin to re-enter the market. However, the long-term bearish trend remains intact, as evidenced by the 3163.7% drop over the past year.