XRP has held the $1.87 support level as exchange supply hits multi-year lows. The stability at this key level coincides with shrinking on-exchange balances, which can indicate reduced selling pressure. Traders will be watching whether this shift in supply translates into renewed demand.
Data shows exchange balances dropped by 2.16 billion XRP, signaling diminished selling pressure in the market. A sustained reduction in available XRP on exchanges could support a firmer price floor in the near term.
Beyond the on-chain metrics, investors remain attentive to broader market conditions that could influence XRP’s trajectory. As liquidity dynamics evolve, the evolution of exchange-held XRP will continue to be a key gauge for near-term momentum.
XRP has held the key support level near $1.87 as on-exchange supply drops to multi-year lows. The combination of a stable price around this level with shrinking on-exchange holdings suggests diminished selling pressure, which traders will monitor for signs of renewed demand. Data shows exchange balances fell by 2.16 billion XRP, indicating reduced selling pressure in the market and the possibility of a firmer price floor in the near term. A sustained decline in available XRP on exchanges could support more resilient buying dynamics and limit downside risk.
Beyond these on-chain metrics, investors remain attentive to broader market conditions that could influence XRP’s trajectory. As liquidity dynamics evolve, the evolution of exchange-held XRP will continue to be a key gauge for near-term momentum.
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