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XRP transaction volume hits $50B, signaling potential price rally to $2 amid strong support at $1.25

Protocol Fundamentals
19 Oct 2026
Coingape
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Bullish
XRP transaction volume hits $50B, signaling potential price rally to $2 amid strong support at $1.25

XRP's transaction volume on the XRP Ledger surged nearly 6,000% to about $50 billion, coinciding with the price holding firm at the $1.25 support level. Analyst Ali Martinez suggests this spike in on-chain activity indicates the market may have found a bottom, with a potential rally to $2 if XRP breaks the $1.56 resistance. The formation of an inverse head and shoulders pattern on the price chart supports this bullish outlook, though a price breakout is needed to confirm the rally. Investors should watch key levels at $1.25 and $1.56 for signs of sustained upward momentum.

XRP trades at Rp23.479 on Pluang as of Oct 20, 2026 06:22 WIB, showing a 1.15% gain in the last day. The market cap stands at Rp1.486,23 trillion with a 24-hour volume of Rp29,28 trillion. Buy orders dominate at 60%, indicating strong interest among Pluang users during this period.

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