XRP Bounces, $2 Hurdle Stands as Supply Drops to 8-Year Low
XRP bounces, but $2 remains the hurdle as exchange supply hits 8-year low
XRP pushed up to $1.87 as exchange-held supply fell to its lowest level since 2018, highlighting a notable shift in where the token is being held even as its price continues to struggle at a key technical ceiling.
The move comes as XRP remains pinned below a well-watched resistance zone between $1.88 and $2.00, a band that has repeatedly capped prior rebounds. Despite the latest bounce, the market has so far been unable to sustain a break through that area.
The decline in exchange-held supply is significant because it suggests fewer XRP tokens are sitting on trading venues at current levels. In practice, that can be read as a tighter readily available float on exchanges, changing the balance between immediately tradable supply and demand.
At the same time, the price action shows that supply dynamics alone are not necessarily translating into a clean breakout. For now, XRP’s recovery attempt has been met with the same overhead resistance that has limited upside in recent rebounds.
- Price: XRP rose to $1.87
- Supply signal: Exchange-held XRP fell to its lowest level since 2018
- Key level: $1.88–$2.00 continues to act as resistance
