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XRP price struggles near $1.29 as futures market cools and traders predict possible drop to $1.20.

Technical Signals
18 Oct 2026
Bitcoin
View Source
Bearish
XRP price struggles near $1.29 as futures market cools and traders predict possible drop to $1.20.

XRP's price is hovering around $1.29 amid weakening momentum in its $2.77 billion futures market, with technical indicators favoring further downside. Despite bearish trends, oversold signals suggest a potential short-term recovery. Futures open interest has declined slightly, indicating traders are reducing leveraged positions rather than increasing bearish bets. Prediction markets show a 50% chance of XRP touching $1.20 before November, reflecting cautious sentiment about a strong rebound this month.

As of Oct 18, 2026 17:41 WIB, XRP trades at Rp23.264 on Pluang, down 0.58% in the last day. This price level contrasts with its 64% circulating supply of 63.1 billion XRP out of a total 100 billion, showing a moderate market cap of Rp1.481 trillion. Despite the futures market losing momentum, Pluang order activity favors buying at 65%, with investors typically holding XRP for about 72 days, indicating steady interest in the asset amid current price pressures.

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