I can offer no explanation* of how/why the precipitate forms. However, I've never mixed a 5-liter batch of XTOL (always using steam-distilled water) that didn't have it after as little as 24 hours.
My approach is to accept the precipitate as a reality, much like anthropogenic global warming, and deal with it.
I store five liters of XTOL stock in 20 250ml amber glass bottles, each one used one-shot for a single developing run. A Paterson funnel, set into my graduated cylinder, is lined with a white coffee filter, and the XTOL poured through that. After at least 15 years of using this method, I've never seen any detectable precipitate residue or other deleterious effect from it on negatives.