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Altcoins

XRP holds $1.25 as XRPL volume jumps toward $50 billion

Analysts point to a possible bottom near $1.25 after XRP Ledger volume rose from about $1 billion to nearly $50 billion.

CoinDesk AI Desk
· 3 min read
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XRP holds $1.25 as XRPL volume jumps toward $50 billion
Image: CryptoPotato

Key takeaways

  1. Volume jumped sharply. XRP Ledger volume reached just shy of $50 billion on October 18, 2026, after hovering around $1 billion on October 16 and 17.
  2. Support sits at $1.25. XRP dipped to $1.25 and later rebounded to $1.3, a level analysts call a major support baseline.
  3. Targets differ widely. Ali Martinez points to $2 if $1.25 holds, while EGRAG CRYPTO outlined a cycle top between $7 and $9.

What happened

XRP fell to $1.25 over the weekend, its first visit to that level since September 16. The token had traded at $1.66 less than a month earlier. It later rebounded to about $1.3.

The drop came with a sharp rise in activity on the XRP Ledger. Citing Santiment, analyst Ali Martinez said transaction volume on the network climbed to almost $50 billion, up from sub-$1 billion figures in the days before. A separate report put the October 18, 2026 figure at just shy of $50 billion, against about $1 billion on October 16 and 17.

Martinez said the activity around the support level suggests $1.25 could mark the bottom. If so, he predicted XRP could resume its August and September rally and aim toward $2.00. A separate post attributed to Ali Charts said a path to $2 exists as long as $1.25 holds.

EGRAG CRYPTO offered a wider scenario, outlining a cycle top somewhere between $7 and $9, well above the token's 2025 all-time high of $3.65. Vincent Van Code said he expects all-time highs to be broken across the market in the coming weeks.

$1.52$1.2927 Sep20 Oct

First $1.52Latest $1.33-12.5% over the period

Points are daily observations, not closing prices.

Why it matters

The $1.25 level is the line analysts are watching. A downward move backed by high transaction volume could signal major capitulation, while a rebound could point to a substantial recovery. The support has held so far, but a break could open the door to a fall to $1 or lower.

The volume reading needs care. On-chain volume measures the value of coins moved, not the number of buyers or sellers. The increase could also reflect a large player moving funds rather than organic activity across the XRP ecosystem.

What is still unclear

  • Analysts have not settled on what caused the volume spike, which came with a price decrease rather than an increase.
  • It is not clear whether the activity reflects broad participation or a single large transfer, and the next move around $1.25 remains open.

Questions readers ask

What is XRP's price now?

XRP dipped to $1.25 over the weekend and later rebounded to about $1.3, according to the reports.

Why did XRP Ledger volume rise?

Analysts have debated the cause. The spike came with a price decrease, and on-chain volume measures the value of coins moved, not the number of buyers or sellers.

What price targets do analysts give for XRP?

Ali Martinez points to $2.00 if $1.25 holds as support. EGRAG CRYPTO outlined a cycle top between $7 and $9.

What happens if XRP loses $1.25?

A break of the $1.25 support could open the door to a fall to $1 or even lower, according to one report.

Sources · 2 publishers

  1. CryptoPotato TIER 2 FIRST REPORT
    XRP Bottom Is In? XRPL Volume Explodes as Analysts Eye $2, Then $7-$9
  2. ZyCrypto TIER 3
    XRP Ledger Explodes with $49.7 Billion in Volume: Is the Bottom In?