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XRP holds near $1.30 amid reduced futures leverage but sellers still dominate the market.

Market News
19 Oct 2026
Cointribune
View Source
Neutral
XRP holds near $1.30 amid reduced futures leverage but sellers still dominate the market.

XRP is attempting to maintain its price above $1.30 after several sessions of decline, with open interest on futures contracts dropping below $3 billion, indicating reduced trader engagement and leverage. This deleveraging lowers the risk of forced liquidations but does not confirm a strong buyer return. Sellers remain in control, with weak US XRP ETF inflows and bearish options activity. A break above $1.35 could signal a rebound, while falling below $1.27 risks a drop toward $1.20.

As of Oct 19, 2026 14:21 WIB, XRP trades at Rp23,691 on Pluang, showing a 1-day gain of 2.09%. The market cap stands at Rp1.495,33 trillion with a 24-hour trading volume of Rp29,04 trillion. Despite the article's note of sellers controlling the market, Pluang data shows a nearly balanced order activity with 51% buy and 49% sell, indicating cautious participation among traders.

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