XRP price hovered near $1.32 on October 23, unable to recover from its October losses despite $3.55 million inflows into U.S. spot XRP ETFs and a record 8.24 million XRP Ledger wallets. Selling pressure persists as XRP lost about 18% in the past month, with large holder activity raising concerns of exchange-side selling. Technical indicators show easing selling momentum but no confirmed bullish reversal, with support at $1.30 and resistance between $1.40 and $1.50. Meanwhile, significant XRP withdrawals from exchanges suggest movement to private wallets, though this doesn't necessarily indicate new buying demand. The XRP Ledger's delayed network upgrade adds uncertainty but is not directly linked to the price decline.
XRP trades at Rp23,787 on Pluang as of Oct 23, 2026 18:22 WIB, showing a modest 0.56% decline in the past day. Despite the ongoing selling pressure noted in the article, Pluang data reveals a balanced order activity with 55% selling and 45% buying, and a typical hold time of 72 days among investors. This suggests that while some traders are offloading XRP, a significant portion of users remain engaged with the asset amid the recent price challenges.
Crypto analyst Ali Martinez set an immediate target of $1.55 for XRP, just above the current resistance level of $1.45 during its rebound from $1.30. He noted that a sustained close above $1.56 could open the way for XRP to reach $2. Martinez also hi...
XRP, a popular digital asset, was priced at $1.32 as of early Friday morning, showing a slight decrease of 0.65% over the previous 24 hours. This minor drop indicates a small market fluctuation but no major trend change. Investors should watch for fu...
On October 21, XRP's 100-day moving average crossed above its 200-day average, a technical event often seen as a bullish signal. However, this crossover is mainly due to a base effect from shifting price data, not fresh buying demand, as XRP's price ...
The XRP Ledger's total stablecoin market cap fell 13.19% over the past week to about $999.9 million, mainly due to a 14.39% drop in Ripple's RLUSD stablecoin, which holds over 90% of XRPL's stablecoin value. Ripple burned $50.6 million RLUSD on XRPL ...
Crypto researcher SMQKE highlighted that XRP's long-term value depends on broader network adoption by banks, payment providers, and applications, which can increase its usefulness. The analysis references Metcalfe’s Law, suggesting network value grow...
