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XRP breaks $1.54 resistance after months, boosted by ETF interest and Bitcoin rally

Market News
23 Sep 2026
Tokenpost
View Source
Bullish
XRP breaks $1.54 resistance after months, boosted by ETF interest and Bitcoin rally

XRP surpassed the $1.54 level on September 22, overcoming a resistance that had blocked daily closes since February. This breakout followed increased activity from large holders, a spike in new wallet creation, and growing derivatives trading during August. The momentum was supported by Bitcoin's rise above $82,800, which boosted confidence in altcoins. Additionally, Bitwise filed a revised registration for a spot XRP ETF, with spot XRP ETFs seeing inflows in September, signaling strong investor interest. However, increased leverage in derivatives markets could lead to higher volatility and sudden price corrections.

As of Sep 23, 2026 23:22 WIB, XRP trades at Rp26.794 on Pluang, showing a 1-day decline of 4.00%. Despite the recent breakout above $1.54 noted in the news, Pluang data indicates a market cap of Rp1.703,3 trillion and a high 24-hour trading volume of Rp146,77 trillion. The platform also records a majority of sell orders at 62%, with typical holders maintaining positions for about 71 days, highlighting active trading dynamics following the price movements.

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