XRP pushed up to $1.87 as the exchange’s supply fell to its lowest level since 2018, reinforcing a tightening-float narrative, although the price remains firmly below the heavy $1.88-$2.00 resistance band that has repeatedly capped rebounds.
News background
Currency balances are again treated as a key signal. The supply on trading venues has fallen to around 1.6 billion XRP, down around 57% since October, suggesting that more tokens are moving into longer-term storage or storage rather than being ready to be sold.
This retreat comes amid a broader phase of selective positioning across majors: Institutions have increasingly leaned on structured and regulated rails for exposure, while spot markets remain choppy, leaving tokens like XRP trading with a supportive long-term bid but fragile near-term momentum.
Specifically for XRP, the falling inventory is important because it can amplify moves when demand increases – but it doesn’t guarantee upside if sellers show up at known technical levels (and $2 has been that level).
Technical analysis
XRP increased by approx. 1.7% from $1.84 to $1.87, printing higher lows through the session and holding a relatively tight $0.05 range (about 2.5% intraday volatility). Participation improved at the right time: volume grew during the push higher (about 32 million, about 50% above average) – a sign that this was not simply driving up thin liquidity.
But the tape still sounds like controlled recovery inside a wider ceiling. XRP declined repeatedly as it neared the $1.88 area, a level that also aligns with a wider resistance zone ahead of the psychological $2.00 handle. That matters because recent attempts to recapture $2 have quickly failed, turning the area into a supply zone where sellers are comfortable leaning on rallies.
Momentum indicators are mixed. Some oscillators are showing bullish divergence (momentum improving even though price has not fully broken out), but the market still needs follow-through above resistance to validate it. On the downside, the structure looks constructive as long as XRP holds above the $1.82-$1.83 base from early tests of the session – and more broadly above the $1.77 floor that has served as the next clear demand pocket.
Price action overview
- XRP advanced from $1.84 to $1.87, posting a steady series of higher lows
- During the move, the volume grew higher and peaked around 32 million, approx. 50% above average
- Price stalled near $1.88 resistance, keeping the broader $1.77-$2.00 range intact
- Action in the late session consolidated around $1,873, signaling an inflection point rather than a breakout
What traders should know
The story is a tug-of-war between a tightening of available supply and a well-defined resistance ceiling.
Key levels are clean:
- Bull case: A sustained push above $1.88 opens the door to a run toward $1.95, with $2.00 as the breakout trigger. A clean demand at $2 is likely to draw momentum buyers and force repositioning from sellers who have been defending this zone.
- Bear case: Failure to hold $1.82-$1.83 base shifts focus back to $1.77, the next meaningful demand pocket. If it breaks, risk extends lower into the next broader support region (where buyers historically re-emerge), but the short-term battleground is clearly $1.77 vs. $1.88.
So far, a falling supply of stocks is keeping the long-term setup constructive – but the market still needs a decisive gain above $1.88-$2.00 before the upside narrative can take control of the band.
