XPL Surges 510.05% in 24 Hours Amid Technical and On-Chain Activity

On OCT 6 2025, XPL rose by 510.05% within 24 hours to reach $0.9627, XPL rose by 327.14% within 7 days, dropped by 434.83% within 1 month, and dropped by 2387.85% within 1 year.

Recent on-chain activity has revealed heightened buying pressure as multiple large wallets have executed accumulation patterns over the past week. These movements have coincided with the price surging above key resistance levels, reinforcing the bullish momentum seen in the 24-hour timeframe. The rapid price ascent has sparked attention from technical analysts, who are noting the formation of a potential reversal pattern following a prolonged bearish phase. The current move suggests that XPL may be entering a new phase of price discovery amid increased network participation.

Technical indicators suggest that XPL is currently trading in a strong overbought territory. The Relative Strength Index (RSI) has crossed into the 70+ range, signaling a potential pullback in the near term. At the same time, the Moving Average Convergence Divergence (MACD) has shown a bullish crossover, indicating continued upward momentum in the short term. Analysts have highlighted that a successful retest of the $0.9627 level will be critical in determining whether the current rally is sustainable or a temporary spike.

The price action over the last week has been characterized by a sharp break from a long-term downtrend. Traders have been closely monitoring the $0.82 support level, which has historically acted as a floor for XPL after major sell-offs. While the 24-hour move has pushed prices well beyond this threshold, the broader market backdrop remains mixed, with XPL’s one-month and one-year performance still significantly negative.