XRP Price Nears $1.88 as Exchange Supply Hits Multi-Year Low. Source: EconoTimes
XRP price climbed to around $1.87 as exchange-held supply dropped to its lowest level since 2018, reinforcing a tightening-float narrative even while price action remains capped below a critical resistance zone. Data shows that XRP balances on centralized exchanges have fallen to roughly 1.6 billion tokens, representing a decline of about 57% since October. This steady drawdown suggests that more XRP is being moved into long-term storage, custody solutions, or institutional rails rather than remaining readily available for spot selling.
The reduction in exchange supply is occurring alongside a broader shift in market behavior. Institutions are increasingly favoring structured and regulated exposure to major cryptocurrencies, while spot markets remain volatile and range-bound. For XRP, this dynamic has resulted in a supportive longer-term bid, but near-term momentum remains fragile as traders continue to respect well-defined technical levels.
XRP advanced roughly 1.7% from $1.84 to $1.87, forming a sequence of higher lows and maintaining contained intraday volatility of about 2.5%. Importantly, volume expanded during the push higher, reaching approximately 32 million tokens traded, nearly 50% above average. This suggests genuine participation rather than a low-liquidity drift higher. However, price action repeatedly slowed near the $1.88 area, reinforcing it as a key resistance level that has consistently capped rebounds ahead of the psychological $2.00 mark.
Momentum indicators present a mixed picture. Some oscillators point to bullish divergence, indicating improving momentum even without a confirmed breakout. Structurally, XRP remains constructive as long as it holds above the $1.82–$1.83 short-term base and the broader $1.77 support zone, which has historically acted as a demand pocket.
From a trading perspective, the market remains locked in a tug-of-war. A sustained break above $1.88 could open a move toward $1.95 and potentially $2.00, where a breakout may attract momentum buyers. Conversely, failure to hold current support would shift focus back toward $1.77. For now, shrinking exchange supply supports the longer-term outlook, but XRP still needs a decisive move above resistance before bulls fully regain control.