This could be a PSA bounce, which is quite common when you have any form of radiotherapy without hormone therapy (which would hide PSA bounces).
PSA bounces are periods when your PSA spikes up before dropping back lower than the starting point of the spike. The cause isn't known for sure, but the most likely guess is that it's a period when your immune system is killing off cancer cells damage by radiotherapy, and these spikes can happen for up to 3 years after the radiotherapy. Bounces happen in around 1/3rd of patients, and are more likely in younger patients with good immune systems. Those who have PSA bounces generally have better outcomes, but it's alarming at the time.
Obviously, this is something to ask your oncologist, but it's not necessarily bad news.