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XRP shorts rise, but reclaiming $1.34 is key for a potential rebound

Technical Signals
20 Oct 2026
Dailycoin
View Source
Neutral
XRP shorts rise, but reclaiming $1.34 is key for a potential rebound

XRP has seen an increase in short positions, which some analysts believe could set the stage for a price recovery rather than further losses. However, a critical price level of $1.34 must be reclaimed to confirm a bullish reversal. Without this, the risk of further decline toward $1.20–$1.16 remains higher. Market conditions, including weak equities and an unhelpful ETF environment, add to the uncertainty, making a clear recovery dependent on both technical and broader market improvements.

XRP trades at Rp23.368 on Pluang, down 1.13% as of Oct 20, 2026 20:32 WIB, with a market cap of Rp1.472,75 trillion and a 24-hour volume of Rp25,45 trillion. Despite the article's focus on short positions and a key price level of $1.34, Pluang data shows a balanced order activity leaning slightly towards buying at 60%, and investors typically hold XRP for about 72 days. This trading behavior adds context to the cautious outlook amid uncertain market conditions.

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