XPL has recently shown signs of recovery after a notable price drop, finding support in the 0.086092 zone. According to the results published in the material, this development suggests a potential bullish reversal as the cryptocurrency stabilizes following a significant selloff.
XPL Price Surge and Subsequent Selloff
After experiencing a rapid price surge from September 26 to 30, XPL faced a major selloff that brought its value down from highs of 0.170.
Current Stabilization and Buyer Interest
The current stabilization in the 0.086092 support zone indicates that buyers are stepping in, potentially setting the stage for a rebound.
Analysts' Predictions for Future Gains
Analysts suggest that if XPL can confirm a move above the 0.095 mark, it may pave the way for further gains, targeting the 0.110 resistance area.
