XRP Price Rises, But $2 Resistance Continues

Rise in XRP Price and Decreasing Supply

XRP price has reached $1.87. This rise coincided with the supply on exchanges dropping to its lowest level since 2018. The current situation suggests a tighter supply environment for XRP.

Exchange balances have seen a reduction of approximately 57% since October. This decrease indicates that XRP tokens are being moved for longer-term storage. However, price movements are facing resistance at the $1.88 level.

Technical indicators present a mixed momentum for XRP, while price ranges are shaping between $1.77 and $2.00. This situation provides an opportunity that investors should observe carefully.