🚀 $XPL /USDT Technical Analysis – High-Conviction Setup Forming?



XPL has been on a wild ride. After a strong recovery from the $0.06013 lows in early June, the token pushed aggressively to $0.12315 — a clean double from the bottom.

Now we’re seeing a healthy (but sharp) pullback to the $0.0905 zone, which also happens to be near the MA10/MA30 confluence and previous breakout structure.

Key Observations:

4H Timeframe: Strong rejection at $0.12315, now testing support. MACD showing weakening momentum but still above zero on daily.

Daily Timeframe: Clear higher lows forming. Volume remains respectable (31M+ XPL in 24h).
Key Levels:

Resistance: $0.1005 – $0.1100 (next major supply)

Support: $0.0888 – $0.0900 (critical zone)

Breakout Target: Reclaim $0.12315 → potential move toward $0.15+ on continuation

XPL is currently ranked 33 on Gate.io and showing resilience as a Layer 1 play in a choppy market.

My Bias: Bullish above $0.0888. Watching for a strong 4H/1D close back above the moving averages for confirmation.

Would love to hear your thoughts — are you accumulating this dip or waiting for further confirmation? 👇

#XPL #Crypto #Altcoins
#TechnicalAnalysis
#MyGateTradeStory
XPL-4.23%
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