XRP Price Surges Above $2.12 Amidst Declining Exchange Supply
The price of XRP has increased, breaking the $2.12 mark. According to reports, the reduction of XRP balances on exchanges indicates a potential supply squeeze. This supply tightness could lead to amplified price rallies in the future, according to the report. Exchange balances are reportedly at multi-year lows, suggesting that the available supply of XRP on these platforms is diminishing. This dynamic between supply and demand may contribute to price volatility and upward price movements.
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