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XRP struggles below $1.50 as US Treasury yields hit 19-year highs, pressuring crypto markets.

Market News
29 Sep 2026
Coinpaper
View Source
Neutral
XRP struggles below $1.50 as US Treasury yields hit 19-year highs, pressuring crypto markets.

XRP traded near $1.47 on September 29, down about 1.4%, pressured by rising US Treasury yields hitting levels not seen since 2007. The 10-year yield reached 5.27%, and the 30-year yield surpassed 5.5%, tightening financial conditions alongside a stronger dollar and high oil prices. XRP faces resistance at $1.50, with failure to hold this level risking a drop to $1.37 or lower. The broader crypto market is impacted by higher bond yields, which make safer assets more attractive and increase the opportunity cost of holding crypto. XRP's recovery depends on reclaiming $1.50 to test resistance around $1.57-$1.63, with potential to rise toward $2 if bullish momentum returns. Otherwise, further declines could follow if macroeconomic pressures persist.

While the article highlights XRP trading near $1.47 with downward pressure, on Pluang XRP is up 2.19% at Rp27.139 as of Sep 29, 2026 17:02 WIB. This contrasts with the article’s noted resistance at $1.50 and potential declines if that level fails. XRP’s market cap on Pluang stands at Rp1.698,23 trillion, with a majority of orders favoring buys (60%) and a typical hold time of 71 days, suggesting ongoing investor interest despite macroeconomic challenges.

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