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XRP holds above $1.32 amid inflation worries, signaling potential start of a strong recovery.

Technical Signals
16 Oct 2026
FXEmpire
View Source
Bullish
XRP holds above $1.32 amid inflation worries, signaling potential start of a strong recovery.

XRP is consolidating above the $1.32 support level despite recent inflation data and macroeconomic headwinds. The token gained 3% in 24 hours after briefly dipping due to disappointing Producer Price Index figures. Market expectations for a Federal Reserve rate hike in October have decreased, easing pressure on crypto prices. Social media mentions of XRP suggest growing retail interest, often a precursor to bullish rallies. However, XRP must maintain support above $1.25 and reclaim the 200-day moving average to confirm a sustained recovery, with risks of a deeper correction if these levels fail.

XRP is trading at Rp23,229 on Pluang as of Oct 17, 2026 02:21 WIB, showing a 3.35% decline in the past 24 hours. The market cap stands at Rp1.483,87 trillion, reflecting significant investor interest despite recent price volatility. Pluang order activity leans slightly towards selling at 57%, with typical holders keeping XRP for about 72 days.

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