XRP Price: $2 remains hurdle for Ripple as exchange supply hits 8-year low
XRP rose to $1.87 as exchange balances hit an 8-year low, but price action remains capped below the critical $1.88–$2.00 resistance zone.Summary
XRP recently pushed up to $1.87, coinciding with exchange-held supply falling to its lowest level since 2018, suggesting tokens are moving into long-term storage, which supports a tightening-float narrative. Despite this supportive backdrop, the price is struggling to break past the significant resistance band between $1.88 and $2.00, which has repeatedly capped recent rebounds.
Technically, XRP showed constructive movement with higher lows and expanded volume during its ascent, but momentum indicators are mixed, requiring a decisive move above resistance to confirm a breakout. The immediate battleground is between the $1.82–$1.83 support base and the $1.88 resistance level. A sustained push above $1.88 could target $2.00, which acts as the key breakout trigger to attract momentum buyers.
In summary, the shrinking available supply keeps the long-term outlook constructive for XRP, but the immediate price action is defined by the struggle against the well-established $1.88–$2.00 ceiling; until this level is decisively cleared, upside momentum remains fragile.
(Source：CoinDesk)