XPL is holding steady above the crucial support level of $0.1612, currently trading at $0.1617 despite a 5.9% decline over the past 24 hours. The 4-hour chart indicates a tight consolidation pattern just below a long-term downtrend line, suggesting a potential support and resistance zone. Key resistance is identified at $0.1789. Meanwhile, the XPL/BTC pair has increased by 4.1%, reaching 0.00051792. Market participants are closely monitoring for any breakout or reversal near the trend line.