Recently, the price movement of XPL has shown an overall downward trend. Although some short-term rebound signs can be observed on the 4-hour chart, the medium to long-term short positions still dominate. The current price is close to the lower band support level, which may trigger some technical rebounds.

However, from the overall market environment, investors still need to maintain a cautious attitude. Based on the current market situation, it is recommended to pay attention to potential short positions in the 0.42-0.44 range, with a target price set around 0.39.

It is important to note that the cryptocurrency market is highly volatile, and any trading strategy should be executed with caution. Proper risk management is crucial. Investors should strictly set stop-loss orders when participating in trading to prevent losses from potential sharp price movements.

In addition to technical analysis, investors should also closely monitor the fundamental developments of the XPL project, including technology updates, ecosystem expansion, and significant news events that may affect price. Only by considering multiple factors comprehensively can one make more informed investment decisions.