- XRP is showing strong short-term momentum, with price holding near session highs after breaking intraday resistance
- Rising volume and a bullish moving-average structure suggest the move is being supported by active buyers
- Declining exchange supply and ETF-related accumulation are tightening XRP’s overall market structure
Recent price action in XRP has started to draw attention, especially after crypto analyst Xaif Crypto pointed out a clean upward move on the lower timeframes. According to his observation, XRP pushed through recent intraday resistance and settled near the $1.95 level, holding close to session highs rather than fading quickly. That detail matters, because it suggests buyers aren’t just popping in briefly, they’re sticking around.
The move also came with expanding volume, which adds weight to the breakout. Instead of drifting higher on thin liquidity, XRP appears to be finding real support from active market participation. That combination often signals something more sustainable than a quick reactionary spike.
Technical Structure Favors Continuation, Not a Fluke
Looking at the chart itself, the structure leans clearly bullish. Shorter-term exponential moving averages have crossed above longer-term ones, and price remains comfortably above all of them. This kind of alignment usually reflects growing confidence among traders, even if the broader market remains cautious.
Just as important, XRP has been printing higher lows and higher highs, a classic continuation pattern rather than a one-off bounce. That doesn’t guarantee the move extends indefinitely, of course, but it does suggest momentum is building instead of stalling out.
Volume Confirms Buyers Are Engaged
Volume plays a central role in Xaif Crypto’s analysis, and for good reason. Trading activity picked up noticeably during the upward impulse, reinforcing the idea that buyers are actively defending higher levels. Sustained trends typically need that kind of follow-through, otherwise they tend to unravel quickly.
After briefly testing levels just under $2, XRP began consolidating rather than pulling back sharply. That behavior hints that the market is evaluating this zone as potential support. If price continues to hold above previous resistance, it often flips that area into a foundation for further moves, not always immediately, but over time.
Falling Exchange Supply Adds a Structural Layer
Beyond the chart, on-chain context adds another interesting dimension. In response to the technical breakout, one market participant noted that XRP held on exchanges is reportedly at its lowest level in eight years. That claim lines up with broader data trends seen across the ecosystem.
According to figures referenced by Times Tabloid, drawing on Cointelegraph’s analysis, XRP balances on centralized exchanges have dropped to roughly 1.6 billion tokens. As recently as October, that number sat closer to 3.76 billion, which highlights just how quickly supply has thinned out. Fewer tokens sitting on exchanges doesn’t automatically mean price goes up, but it does change how the market reacts when demand shows up.
ETFs Tighten Supply as Demand Evolves
Adding to that supply shift is the emergence of XRP exchange-traded funds. These products require actual XRP backing, meaning inflows result in tokens being removed from active circulation. Unlike short-term trading flows, ETF-related demand tends to be steadier and less reactive to day-to-day volatility.
When declining exchange balances meet consistent institutional absorption, the market structure tightens. That backdrop helps explain why XRP’s recent technical strength feels more grounded than isolated. Taken together, the chart setup and on-chain trends suggest XRP’s current move is unfolding within a broader shift in availability and demand, not just a momentary burst of excitement.
