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XRP dips below $1.40 but eyes $2 target amid leveraged trader moves and key resistance levels.

Market News
16 Oct 2026
Dailycoin
View Source
Neutral
XRP dips below $1.40 but eyes $2 target amid leveraged trader moves and key resistance levels.

XRP recently fell below the $1.40 price level, causing significant losses for leveraged traders who had long positions clustered around that price. Despite this dip, XRP managed to recover to $1.35, with derivatives data showing a shift as short-sellers now pay funding rates to bulls. Key resistance levels to watch are $1.39 and $1.49, with a potential breakout towards $2 if XRP surpasses these barriers and geopolitical factors stabilize. This suggests cautious optimism for XRP bulls aiming to reverse the current downtrend.

While XRP recently dipped below $1.40 in USD terms, on Pluang it trades at Rp23.931, up 2.89% as of Oct 16, 2026 20:02 WIB. This price is supported by a strong market cap of Rp1.526,05T and a majority 62% buy order activity, contrasting with the leveraged losses noted in the article. XRP's typical hold time of 72 days on Pluang suggests steady investor interest despite recent volatility.

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