XRP Supply On Exchanges Crash To 8-Year Lows, But Why Is Price Still Below $2?
XRP's supply on cryptocurrency exchanges has plummeted to an eight-year low of 1.6 million tokens, a 57% decline from late 2025. This significant reduction in readily available supply, typically a bullish signal, has not translated into a sustained price increase. Despite the potential for a supply shock, XRP's price remains stuck below $2, struggling to maintain upward momentum. The article attributes this disconnect to persistent selling pressure, negative investor sentiment, weaker demand, and repeated rejections at key resistance levels. Furthermore, over half of the circulating supply is held at a loss, increasing the risk of panic selling. These factors, combined with a broader market slowdown affecting major cryptocurrencies, have kept XRP in a downward trend with no immediate rebound in sight.
bitcoinist01/01 22:03