- XPL completed a clean V-shaped recovery on the 4H chart with rising volume and momentum returning strongly as price reclaimed recent levels.
- The price now tests the neckline zone that acted as heavy resistance, suggesting a breakout could support ongoing bullish continuation potential.
- EMA and SMA have begun to curl upward beneath price while buyers defend trendline support confidently, reinforcing structure of the recovery move.
XPL shows price strength on the 4H timeframe after recovering sharply from recent losses. Market observers note that the structure has turned constructive as the chart moves into an area watched by traders for directional clues. Buyers remain active, and price stability around the neckline may define the near-term path.
XPL Nears Neckline Test After V-Shaped Recovery
XPL rallied with a V-shaped structure and returned above previous levels that were lost during the last correction phase. The recovery happened with rising buy-side activity, adding confidence to traders monitoring short-term trend behavior. Momentum stayed firm as candles advanced toward the neckline region.
The upside movement revisited an area seen as a former resistance cluster and now stands as a decision point. The market is observing whether the structure holds firm long enough for participants to gain entry. Based on price action, buyers stepped in quickly on pullbacks, keeping volatility contained.
According to Alpha Crypto Signal, XPL soon reached a pivotal zone that aligns with historical sell pressure. A break above this zone could validate the move and change sentiment on broader timeframes. Market participants continue to assess candle reaction in real time.
EMA and SMA Begin to Turn Beneath Price
On the 4H chart, moving averages have begun to curl upward below market price, supporting the recovery leg. This shift follows sustained buying interest observed over multiple sessions. Short-term market structure retains its upward tilt while price holds above trendline support.
Volume increased as the rally developed toward resistance, suggesting growing market participation. Traders also observed clean swings with reduced downside wicks, indicating controlled selling pressure. These conditions, if maintained, can help stabilize price movement during consolidation phases.
Alpha Crypto Signal noted that XPL faces a neckline test that may decide whether continuation emerges. A firm candle close above the region could create new areas for upside exploration. If converted to support, it could offer momentum for further recovery stages.
Continuation Depends on Neckline Reclaim
XPL currently trades near a structural boundary that has influenced price behavior in previous attempts. The neckline level serves as a market checkpoint following the V-shaped rebound. Confirmation is needed by traders to understand how to set a bias regarding direction going forward into the next few sessions.
Currently the uptrend line remains intact and when prices come near the line, it appears that there is much buying activity taking place at this level. This is helping to preserve the structure of the market in an orderly manner and assures that the recovery will continue to be fully realised.Market watchers seek clarity on whether the region transitions from resistance into support.
Alpha Crypto Signal mentioned that one clean reclaim could open the path toward an extended leg up. The market continues to observe weekly close behavior, momentum strength, and volume flow. XPL maintains a constructive structure while the neckline test develops, and sentiment remains data-based, not speculative.
