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XRP nears key resistance at $1.60 amid mixed signals but potential local bottom forming.

Technical Signals
15 Oct 2026
Dailycoin
View Source
Neutral
XRP nears key resistance at $1.60 amid mixed signals but potential local bottom forming.

XRP is approaching a major resistance level at $1.60, with a possible drop to $1.25 before a rebound. Despite bearish sentiment and active selling by whales, technical indicators suggest a local bottom may be forming, signaling a potential rally. The broader crypto market faces uncertainty, but XRP's on-chain metrics show strength, making a bounce toward $1.40 and $1.60 plausible if buyers step in. However, current futures data shows more short-sellers than bulls, indicating cautious near-term momentum.

XRP is trading at Rp23.824 on Pluang as of Oct 15, 2026 23:31 WIB, showing a slight 1-day increase of 0.03%. Despite the article's mention of bearish sentiment, Pluang data reveals a balanced order activity with 55% buying interest. The typical hold time for XRP investors on Pluang is 72 days, indicating a moderate-term commitment amid current market uncertainty.

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