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XRP needs a daily close above $1.31 to confirm a breakout from descending resistance, says analyst.

Technical Signals
30 Oct 2026, 12:14 WIB
Tokenpost
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Bullish
XRP needs a daily close above $1.31 to confirm a breakout from descending resistance, says analyst.

Crypto analyst Steph Is Crypto highlighted that XRP must close above $1.31 on the daily chart to signal a potential breakout from a descending resistance line formed since Sept. 25. The analyst noted a bullish crossover developing on the MACD indicator, similar to a pattern seen before a short-term rally in August, but emphasized that confirmation depends on the daily close above $1.31, with $1.32 preferred. Despite this, the overall market sentiment remains bearish, making this a key level to watch for traders.

While XRP faces a critical breakout level at $1.31 according to the analyst, on Pluang XRP trades at Rp22.794 with a 3.26% decline as of Oct 30, 2026 16:31 WIB. Despite the bearish price movement, buying interest remains strong with 65% of order activity favoring buys, and holders typically keep XRP for about 72 days. This contrasts with the broader market sentiment described in the article, highlighting a nuanced trader behavior on Pluang.

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