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XRP drops nearly 10% after failing to break $1.50 resistance, signaling short-term bearish trend.

Market News
17 Sep 2026
AMBCrypto
View Source
Bearish
XRP drops nearly 10% after failing to break $1.50 resistance, signaling short-term bearish trend.

XRP fell 9.82% from $1.42 to $1.28 after failing to surpass the $1.50 resistance zone, with open interest dropping 23% indicating heavy sell-offs and liquidations. Despite positive ETF inflows and institutional demand, XRP's price lagged due to Bitcoin's decline and rate hike concerns. The key $1.30 support was broken, turning it into resistance, suggesting potential further decline toward $1.14 without renewed buying interest. The exchange supply ratio's stability hints at cautious accumulation, but increased supply on exchanges amid price drops could weaken bullish sentiment.

Following XRP's recent slide below the $1.30 support level, on Pluang XRP trades at Rp22.956 with a modest 0.78% gain as of Sep 17, 2026 17:21 WIB. Despite the article's note of a 9.82% drop, the platform shows a more stable price with a market cap of Rp1.456,04T and a 67% sell order activity, indicating cautious investor behavior. Meanwhile, Bitcoin holds steady at Rp1.355.753.148 with a 0.97% increase, reflecting a balanced market sentiment on the platform.

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