XRP Rebounds as $2 Hurdle Lingers, Supply Dips 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 the market continues to struggle with a well-established price ceiling.
The move comes as XRP remains boxed in below a heavy resistance zone between $1.88 and $2.00. That band has repeatedly capped rebounds, underscoring how close the token is trading to an area where selling pressure has historically intensified.
The sharp focus on exchange-held supply reflects a key market dynamic: when fewer tokens sit on exchanges, the readily available float for trading can tighten. Market participants often watch this metric as a gauge of how much supply is immediately accessible for buy and sell orders.
Even with exchange balances at an eight-year low, XRP’s price action suggests the near-term narrative remains defined by whether it can clear the $1.88–$2.00 barrier that has stalled prior attempts to move higher.
- Price: XRP rose to $1.87
- Supply trend: Exchange-held XRP fell to its lowest level since 2018
- Key level: $1.88–$2.00 continues to act as a major resistance zone
