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XPL's recent performance is quite interesting—its price hovers around $0.14, with a 24-hour volatility that isn't significant, indicating that market sentiment remains quite calm.
From a fundamental perspective, the current market cap is about $250 million, with circulating supply around 180 million, placing it in the mid-sized project category. Daily trading volume stays around $50 million, suggesting that there is still capital involved, just not at a breakout level yet.
Technical indicators are even more intriguing. The RSI is approaching the lower region, which usually hints at potential short-term support. However, honestly, the current chart doesn't show a clear direction—there are no obvious signals of a surge nor signs of a decline.
Overall, it feels like waiting for confirmation, as the market digests the previous movements and prepares for the next step. Sometimes, this period of calm is just the calm before the storm.