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

XRP has shown a noticeable rebound in its price, yet it continues to face a significant resistance level at $2. This challenge is further compounded by recent market trends, as the supply of XRP available on exchanges has reached an 8-year low, indicating tighter availability and potentially influencing future price movements. As traders and investors keep a close eye on these developments, it remains to be seen whether XRP can decisively overcome this hurdle and sustain its upward momentum. source: https://www.coindesk.com/markets/2026/01/02/xrp-bounces-but-usd2-remains-the-hurdle-as-exchange-supply-hits-8-year-low