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XRP jumps 7% to $1.41 amid $8M short squeeze and strong institutional inflows.

Technical Signals
19 Sep 2026, 13:01 WIB
Blockonomi
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Bullish
XRP jumps 7% to $1.41 amid $8M short squeeze and strong institutional inflows.

XRP surged about 7% to $1.41 with spot trading volume hitting $1.36 billion in 24 hours, driven by an $8.05 million short squeeze as Bitcoin surpassed $80,000. Technical indicators suggest a potential breakout above $1.55 could lead to a 35% rise toward $2. Institutional interest remains robust, with US spot XRP ETFs seeing over $1.7 billion in inflows. Despite the rally, caution is advised due to historical patterns and high futures volume, but growing adoption and upcoming XRP futures on the Moscow Exchange add positive momentum.

As of Sep 19, 2026 17:21 WIB, XRP trades at Rp25.047 on Pluang, showing a 1-day gain of 5.84%. The market cap stands at Rp1.582,45 trillion with a 24-hour trading volume of Rp85,1 trillion. Buy orders dominate with 60% of Pluang users opting to buy, while the typical hold time is 71 days, highlighting steady investor interest during this price surge.

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