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XRP dips below $1.30 due to forced long liquidations but recovers amid key upcoming events.

Market News
28 Oct 2026, 00:27 WIB
CryptoTicker
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Bearish
XRP dips below $1.30 due to forced long liquidations but recovers amid key upcoming events.

XRP briefly fell below $1.30 on October 27, 2026, triggered by over $300 million in forced long position liquidations in the futures market, before recovering to $1.32. This price movement reflects a thin market where large orders cause significant swings. Key upcoming dates include the US Federal Reserve rate decision on October 28, Ripple's escrow release of up to 1 billion XRP on November 1, and a blockchain upgrade scheduled for November 4. These events could influence XRP's price trajectory and market dynamics in the near term.

Following XRP's brief dip below $1.30, the token is trading at Rp23,979 on Pluang as of October 28, 2026, 04:42 WIB, showing a 2.94% gain in the past day. The market remains active with a 24-hour trading volume of Rp28.9 trillion and a circulating supply of 63.4 billion XRP, representing 64% of the total supply. Despite recent volatility, the Pluang order activity leans towards selling at 65%, with investors typically holding XRP for about 72 days.

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