On-chain data shows that more than 500 million XRP have been deposited into an escrow mechanism that locks supply through 2028. This has removed $1 billion worth of XRP from circulation.
Escrow-based supply locks tend to have a stronger impact on price when demand remains steady. If the number of tradable tokens shrinks, even a small rise in demand can trigger a larger price response, potentially creating a supply shock.
XRP has risen 6.7% over the past 24 hours and is trading near $2.00 at the time of writing. This move marks a psychological milestone, though confirmation is needed.
If XRP can establish $2.00 as a solid support, bullish momentum could continue and false breakouts could be avoided. Immediate resistance is at $2.03. Clearing this level decisively and moving into a higher range would confirm a continued uptrend; if achieved, XRP could rise toward $2.10 where liquidity and prior resistance converge.
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