- XPL finds support in the $0.86–$0.92 zone after retracing from $1.70 highs.
- Price action hints at a bullish reversal after a textbook break-and-retest setup.
- A confirmed move above $0.95 could push XPL toward the $1.10 resistance area.
XPL Bulls are stepping back in, with renewed buying interest that could push the price toward a key resistance level near $0.95 and beyond.
Pattern Signals Possible Bullish Continuation
According to an update shared by Alpha Crypto Signal on X, XPL experienced a major sell-off following a rapid price surge between September 26–30. The price surged from about $0.60 to above $1.70 before sellers stepped in, triggering a sharp pullback.
For now, it’s holding steady in a key zone between $0.86 and $0.92. This area, once a tough resistance, is turning into support—a classic “break-and-retest” pattern that often signals a potential bounce back.
Price action on the 4-hour chart shared by Alpha Crypto Signal shows repeated tests of this support zone, followed by small bullish bounces. Buyers are beginning to absorb the selling pressure, hinting at a potential reversal. A clean move above $0.95 could unlock the next target near $1.10 in the short term.
Signs of Momentum Return After Steep Correction
The 2-hour chart of XPL/USDT further confirms the pattern. After forming a local top on September 28, the token entered a downtrend, marked by declining candles and a visible resistance cloud. The price dropped toward the $0.6059 level but held firm after multiple tests.
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On October 4, the first signs of a recovery appeared. Green candles and an upward arrow marked a possible trend shift, with buyers stepping back in. Recovery signals and a move above the resistance cloud now suggest short-term bullish momentum.
However, Alpha Crypto Signal warns traders about weekend volatility and potential price manipulation. They emphasize caution, advising against going all-in or using oversized positions during this phase of uncertainty.
XPL at a Critical Juncture; Bullish Case Hinges on $0.95
This is a make-or-break moment for XPL, as the bulls are defending a historically crucial level. Holding above $0.86–$0.92 and a confirmed breakout above $0.95 would lead to a reversal and further gains toward $1.10.
However, if the price falls back below this support zone, a deeper correction toward $0.60 would be in play.
