XPL surges 38.5% within a day as technical rebound sparks sharp and unpredictable short-term price swings

On October 16, 2025,

This sharp 24-hour increase signals a notable turnaround for XPL, which has otherwise experienced significant losses over longer periods. The asset’s recent short-term gains suggest it may be finding stability after a substantial downturn in previous weeks. Market participants are closely monitoring whether this rally signals a sustained recovery or is simply a brief reaction in the market. The 1848.95% rise in the past week is a dramatic contrast to the 5385.15% monthly drop, highlighting a rapid shift in sentiment within a turbulent and uncertain market.

From a technical perspective, XPL appears to be forming a possible bottom on the daily chart, holding above important support levels after a period of steep losses. The recent 38.5% jump could have triggered stop-losses and forced short sellers to cover, fueling the upward movement. Despite this, the broader trend remains negative, as the substantial 12-month decline continues to impact overall market sentiment and investor trust.