XRP price news: breaks $2.12 as shrinking exchange supply lead to price squeeze higher
CoinDesk
XRP surged past $2.12 on high volume, supported by low exchange balances and ETF inflows, signaling potential for further gains.Summary
XRP broke through the $2.12 resistance level on above-average volume, reaching a market cap of $121.7 billion. This price action is occurring amid multi-year lows in exchange balances, which traders interpret as supply tightness that can amplify rallies. Furthermore, U.S.-listed spot XRP ETFs added $13.59 million in inflows, absorbing supply. Technically, XRP consolidated between $2.128 and $2.152 after the breakout, with $2.128 being the critical short-term support level. If this level holds, the next target is $2.15–$2.16, with a clean break potentially leading to $2.20–$2.28. Failure to hold $2.128 risks a pullback toward $2.06.
(Source：CoinDesk)