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XRP rises 16% in a week but CME futures fall 5%, testing key $1.60 resistance level

Market News
25 Sep 2026, 11:53 WIB
Coinpaper
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Bullish
XRP rises 16% in a week but CME futures fall 5%, testing key $1.60 resistance level

XRP's price has surged about 16% over the past week, reaching near $1.54, but its September CME futures contract dropped 5.32%, highlighting a divergence between spot and futures markets. The recent short squeeze reduced net short positions by about 46 million XRP, helping push the price above $1.60, a critical resistance level that must be cleared for a sustained breakout. If XRP holds above $1.50 and breaks $1.60, it could target $2.00; failure to hold support may see a drop back to $1.40. This dynamic shows cautious optimism amid mixed signals from professional traders.

As of Sep 25, 2026 16:02 WIB, XRP trades at Rp27.670 on Pluang, showing a 4.23% gain in the past day. The platform records a market cap of Rp1.726,73 trillion and a 24-hour trading volume of Rp88,23 trillion. Despite the recent price rally noted in the article, Pluang data reveals a balanced investor sentiment with 56% sell and 44% buy orders, and a typical holding period of 71 days.

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