XRP Price Surges Past $2.12 as Dwindling Exchange Supply Triggers Bullish Squeeze

The XRP token has achieved a significant milestone, breaking through the $2.12 resistance level. Analysts attribute this upward price movement to a notable decrease in XRP supply held on centralized exchanges. This reduction in readily available sell-side liquidity is creating a supply squeeze, a classic bullish signal that often precedes further price appreciation. Market sentiment around XRP is strengthening as this on-chain metric suggests a shift from selling to holding among investors. The current trend highlights the impact of exchange supply dynamics on cryptocurrency valuations.