XPL recently tested lows around $0.1138 before bouncing back—typical liquidity sweep that flushed out weak hands. The emotional selling proved temporary as price structure held firm.

Short-term technicals still point downside, but don't overlook what's developing underneath. The real support is coming from utility adoption: zero-fee stablecoin transactions and L1 infrastructure focus are establishing genuine demand floors beyond the chart noise.

When fundamentals start anchoring price action, that's when the noise matters less. XPL's building something—whether it sticks will depend on sustained adoption metrics more than the next swing low.