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XRP shows bearish engulfing on monthly chart but analyst remains bullish overall

Technical Signals
26 Oct 2026
Tokenpost
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Neutral
XRP shows bearish engulfing on monthly chart but analyst remains bullish overall

Crypto analyst JD identified a bearish engulfing pattern on XRP's monthly chart after its price reversed near the 21-month EMA, signaling potential short-term weakness. Despite this, JD maintains a bullish long-term outlook, highlighting an ascending trendline as support since 2020 and a dollar-cost averaging zone for buying. The pattern's interpretation sparked debate over technical definitions, but JD focuses on candle bodies rather than wicks. A more detailed update will follow after the monthly candle closes, adding to earlier weekly warnings on XRP's price action.

XRP is trading at Rp23,191 on Pluang as of Oct 26, 2026 14:21 WIB, showing a 1.03% decline in the last day. The platform records a market cap of Rp1.473,69 trillion and a 24-hour trading volume of Rp25,26 trillion. Pluang users currently favor buying XRP, with 82% of order activity on the platform being buy orders and a typical hold time of 72 days.

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