XPL recently broke out of a key bullish pattern on the 1-hour chart. After a rapid rebound from an extremely oversold bottom, clearing out liquidity below, it clearly formed a series of higher lows and higher highs— a classic bullish reversal signal.

The current price repeatedly tests the demand zone above the low, with no obvious seller counterattack. Instead, it has closed stronger after multiple attempts to retest support levels, indicating that buyers are deliberately defending here and even accumulating positions. This "low-level hold + structural reversal" combination is often the night before a new rally, especially when the overall crypto market sentiment may heat up. Tokens with stories like XPL tend to attract more capital attention.

Strategically, as long as there is no volume-driven breakdown below the key support at 0.118, the 1-hour bullish pattern remains valid. At this stage, it’s advisable to hold patiently or to build positions gradually after a retest confirmation— a relatively prudent approach. The key is to hold this support level without breaking; if it does, a reassessment is necessary.