$XPL is currently showing strong short-term bullish momentum, trading around the 0.087–0.088 USDT range after gaining roughly 8% in the past 24 hours. The price recently tested the 0.0890 resistance level, which now acts as the key short-term barrier. The overall structure on the lower timeframe reflects an uptrend, with higher highs and higher lows, indicating that buyers are in control for now. The move upward was supported by increased trading volume, which strengthens the validity of the breakout from lower levels. However, price is currently trading near the upper Bollinger Band, suggesting that it may be slightly overextended in the very short term and could either consolidate sideways or experience a minor pullback before attempting another breakout.
The most important resistance to watch is 0.0890. A strong breakout above this level with solid volume could push price toward the 0.092–0.095 zone. On the downside, immediate support lies around 0.0850, which aligns with the middle Bollinger Band and acts as a short-term trend support. If price drops below 0.0850, the next stronger support zone is around 0.081–0.082. As long as $XPL remains above 0.0850, the bullish bias remains intact. Overall, the short-term outlook is positive, but traders should be cautious about entering at resistance and instead watch for either a confirmed breakout or a healthy pullback toward support levels for better risk management.
