XRP jumped past $2.12 on Wednesday, snapping through a persistent resistance zone as buyers stepped in on above-average volume. The breakout coincided with shrinking exchange inventories and ongoing inflows into U.S.-listed spot XRP ETFs — a combination traders often view as supportive for further gains if the breakout holds. Institutional interest appears steady rather than episodic: U.S.-listed spot XRP ETFs added $13.59 million in fresh inflows earlier this week. Those steady flows have helped soak up supply during periods of choppy spot action, making price moves more durable than headline-driven spikes alone. Exchange balances for XRP are hovering near multi-year lows, a dynamic market technicians label “supply tightness.” While not a guarantee of continued upside, lower exchange supply can amplify rallies when demand heats up. XRP’s market capitalization rose to roughly $121.7 billion on the session, highlighting the scale of participation behind the move. On-chain activity is also improving. XRP Ledger transaction counts are climbing back toward the 1 million daily mark, reinforcing the idea that demand has some real network use behind it — even if price remains the primary short-term mover. Price action detail: XRP closed up 2.04% at $2.12, clearing the $2.10–$2.12 ceiling that had capped recent rebounds. The breakout came with volume about 47.6% above the seven-day average — an important confirmation signal, since resistance breaks on light volume often fail. After the surge, XRP entered a tight consolidation band between $2.128 and $2.152, with repeated tests of $2.128 holding as short-term support. Traders are likely treating $2.128 as the “line in the sand”: holding it on retests would support a continuation, while losing it risks a fade back toward the lower range. Key technical levels: the next overhead supply pocket sits around $2.15–$2.16 (inside a broader $2.06–$2.16 range). A clean push through that zone would likely put $2.20 into play quickly. Conversely, a failure that drops below $2.128 would increase the chance of a slide back toward the range floor. Bottom line: XRP has done the heavy lifting by clearing $2.12 on strong volume. The next meaningful signal will be how price behaves on retests of the $2.12–$2.13 area — that will determine whether this is a sustainable breakout or another “poke-and-fade.” As always, shrinking exchange supply and ETF inflows are supportive conditions, not guarantees. Read more AI-generated news on: undefined/news

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