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XRP price jumps 4.6% on $184M buy orders, eyeing $1.42 resistance amid rising long positions.

Market News
16 Oct 2026
Coingape
View Source
Bullish
XRP price jumps 4.6% on $184M buy orders, eyeing $1.42 resistance amid rising long positions.

XRP price rose 4.6% from an intraday low of $1.284 to $1.34, driven by a surge in buy orders totaling $184 million on Binance. This buying pressure follows a recent dip below $1.30, attracting leverage traders and fueling a recovery. Despite a drop in open interest to $2.84 billion, long positions have increased, signaling bullish sentiment. Analysts suggest XRP could reach $1.42 if it breaks key resistance, but a drop below $1.28 could trigger a bearish reversal.

XRP is trading at Rp24,065 on Pluang as of Oct 16, 2026 18:12 WIB, showing a 2.83% gain in the last day. The platform records a strong buy interest with 62% of order activity favoring purchases. XRP's market cap stands at Rp1.518,48 trillion, highlighting its significant presence in the market.

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