$XRP has staged an impressive bounce in recent trading sessions, signaling renewed interest from buyers. However, the rally is not without challenges, as the $2 price level continues to act as a major resistance zone for the token.
What makes the current setup even more interesting is a critical on-chain development: XRP supply on exchanges has dropped to its lowest level in the last 8 years. This sharp decline suggests that more holders are moving their coins off exchanges, often a sign of long-term confidence and reduced selling pressure.
📉 Lower exchange supply + rising demand could create the conditions for a stronger price move if momentum continues. Still, bulls must decisively break and hold above $2 to confirm a sustained uptrend.
👀 Traders are now closely watching
whether XRP can gather enough strength to overcome this psychological and technical barrier. A successful breakout could open the door for further upside, while rejection may lead to short-term consolidation.
💬 What do you think? Will XRP break $2 soon, or is another pullback coming?
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