XRP bounces, but $2 remains the hurdle as exchange supply hits 8-year low

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RegExp("[?&]notifications=1(&|#|$)");"desktop"===y&&i&&b.test(window.location.search)&&(i.checked=!0)};ge("ybar-mod-notification",(function(e){var t={isUH3:"crunch"===e.getConfig().ytheme,notifContainer:document.getElementById("notification-container"),notifBadge:document.getElementById("notif-badge"),notifMenu:document.getElementById("ybarNotificationMenu"),notifMenuOpener:document.querySelector("#ybarNotificationMenu + label"),notifDropdown:document.getElementById("notifDropdownContainer"),tooltipContainer:document.querySelector(".".concat($n)),notifLabel:document.querySelector(".".concat(Xn))};t.notifDropdown&&so(e,t)}))}()}};]]>Shaurya MalwaFri, January 2, 2026 at 4:14 AM GMT+1 3 min readXRP pushed up to $1.87 as exchange-held supply fell to its lowest level since 2018, reinforcing a tightening-float narrative even as price remains stuck below the heavy $1.88–$2.00 resistance band that has repeatedly capped rebounds.Exchange balances are being treated as a key signal again. Supply held on trading venues has fallen to roughly 1.6 billion XRP, down about 57% since October, suggesting more tokens are moving into longer-term storage or custody rather than sitting ready to be sold.That drawdown is arriving during 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 short-term momentum.For XRP specifically, the falling exchange inventory matters because it can amplify moves when demand picks up — but it doesn’t guarantee upside if sellers show up at known technical levels (and $2 has been that level).XRP climbed roughly 1.7% from $1.84 to $1.87, printing higher lows through the session and holding a relatively contained $0.05 range (about 2.5% intraday volatility). Participation improved at the right moment: volume expanded during the push higher (around 32 million, about 50% above average) — a sign this wasn’t simply drifting upward on thin liquidity.But the tape still reads like controlled recovery inside a broader ceiling. XRP repeatedly slowed as it approached the $1.88 area, a level that also lines up with a broader resistance zone ahead of the psychological $2.00 handle. That matters because recent attempts to reclaim $2 have failed quickly, turning the area into a supply zone where sellers are comfortable leaning on rallies.Momentum indicators are mixed. Some oscillators show bullish divergence (momentum improving even as price hasn’t fully broken out), but the market still needs follow-through above resistance to validate it. On the lower side, the structure looks constructive as long as XRP holds above the $1.82–$1.83 base from the session’s early tests — and more broadly above the $1.77 floor that has acted as the next clear demand pocket.XRP advanced from $1.84 to $1.87, posting a steady series of higher lowsVolume expanded during the move higher, peaking around 32M, roughly 50% above averagePrice stalled near $1.88 resistance, keeping the broader $1.77–$2.00 range intactLate-session action consolidated around $1.873, signaling an inflection point rather than a breakoutTerms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,858.47 +12.97 (+0.19%)Dow 3048,382.39 +319.10 (+0.66%)Nasdaq23,235.63 -6.36 (-0.03%)Russell 20002,508.22 +26.32 (+1.06%)VIX14.51 -0.44 (-2.94%)Gold4,329.60 -11.50 (-0.26%)Trending tickersBTC-USD Bitcoin USD 89,566.07 +788.58 (+0.89%)PLTR Palantir Technologies Inc. 167.86 -9.89 (-5.56%)ETH-USD Ethereum USD 3,089.45 +74.84 (+2.48%)XRP-USD XRP USD 1.99 +0.12 (+6.66%)SNDK Sandisk Corporation 275.24 +37.86 (+15.95%)PortfolioSign in to access your portfolioSign inTop gainersFLNC Fluence Energy, Inc. 23.01 +3.23 (+16.33%)SNDK Sandisk Corporation 275.24 +37.86 (+15.95%)SMR NuScale Power Corporation 16.31 +2.14 (+15.10%)BIDU Baidu, Inc. 150.30 +19.64 (+15.03%)ASTS AST SpaceMobile, Inc. 83.47 +10.84 (+14.93%)Top losersPAY Paymentus Holdings, Inc. 28.47 -3.12 (-9.88%)KVYO Klaviyo, Inc. 29.32 -3.15 (-9.70%)LQDA Liquidia Corporation 31.40 -3.09 (-8.96%)APP AppLovin Corporation 618.32 -55.50 (-8.24%)PSNY Polestar Automotive Holding UK PLC 19.81 -1.56 (-7.30%)Most activeONDS Ondas Holdings Inc. 11.02 +1.26 (+12.91%)NVDA NVIDIA Corporation 188.85 +2.35 (+1.26%)PLUG Plug Power Inc. 2.2300 +0.2600 (+13.20%)INTC Intel Corporation 39.38 +2.48 (+6.72%)TSLA Tesla, Inc. 438.07 -11.65 (-2.59%)Top economic eventsEarnings eventsMy earnings eventsEarnings events