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XRP holds $1.50 support with rising volume after Ripple unlocks 1B tokens and expands in Asia.

Technical Signals
06 Oct 2026
Blockonomi
View Source
Neutral
XRP holds $1.50 support with rising volume after Ripple unlocks 1B tokens and expands in Asia.

XRP's price remains stable above $1.50, rising 1% with a 33.7% increase in 24-hour trading volume to $1.51 billion. Ripple released 1 billion XRP tokens from escrow on October 1, worth about $1.49 billion, as part of its regular schedule. Ripple also announced XRP Asia at a Seoul event with major Korean banks, signaling institutional interest. Technical analysis suggests XRP is consolidating in a pattern that could lead to a significant price move, with key support between $1.47 and $1.50. Open interest on Binance is growing but still below last year's peak, indicating cautious leveraged trading.

Following Ripple's release of 1 billion XRP tokens and the announcement of XRP Asia, XRP trades at Rp26,820 on Pluang as of Oct 06, 2026 14:41 WIB, showing a 1-day decline of 1.51%. The market cap stands at Rp1.689,05 trillion with a 24-hour trading volume of Rp34,67 trillion. Pluang users currently lean slightly more towards buying, with 54% buy orders and a typical hold time of 71 days.

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