A bullish trigger for the 2026 Rally?
XRP (XRP) above the key demand zone that has given support to the price in 2025. Will holding this level and reducing the balance of payments begin a sustained recovery in 2026?
Main Receptors:
The supply of XRP on exchanges has fallen to an eight-year low, indicating that selling pressure has subsided.
XRP price bulls are looking to establish strong support at $1.78 for the next hike.
The supply of XRP on exchanges drops to a seven-year low
Cointelegraph reports that data from Glassnode shows that there has been a significant drop in XRP exchanges over the past 60 days.
RELATED: XRP Price Below $2: Negative Sentiment Shows ‘Strong Rebound' Ahead
The exchange rate of XRP decreased by 2.16 billion tokens to 1.6 billion on Tuesday, from 3.76 billion on October 8, levels seen at the end of August 2018.
Declining balances on exchanges indicate a lack of willingness to sell by holders, strengthening XRP's potential.
“The supply of $XRP is shrinking with around 1.5 billion exchanges remaining,” trader and analyst Levirietveld said in a Monday post on X.
“Bully, grab yours now!”
On October 19, XRP's net position change decreased by 1.4 billion XRP, the largest increase in history, which coincided with a sharp decline in exchange flow.
Such flows indicate strong accumulation by large holders.
“ETFs are driving $XRP out of the currency, squeezing liquidity,” said pseudonymous trader Skipper in an X Tuesday analysis, noting that the altcoin will strengthen its holdings as an institutional asset in 2026.
The businessman added:
“As liquidity tightens, XRP's price discovery is fundamentally changing. XRP is now entering a more structural phase.”
XRP is sitting on strong support above $1.78
XRP's recent decline has been halted by buyer congestion from a key demand zone between $1.60 and $1.84, which will support the price throughout 2025.
Holding above this support level has previously seen significant recoveries in XRP price as shown in the chart below.
The Glassnode UTXO Perceived Price Distribution (URPD) shows the prices created by the current supply, $1.78 shows the most important support for XRP, investors have received 1.87 billion tokens.
There is no significant support below this level, and losing it will darken the prospects for XRP's price recovery in 2026.
On the other hand, a rebound from this zone could confirm a triple-bottom breakdown targeting $3.79 in the weekly timeframe, according to analysts VipRoseTr.
“A Bullish Reversal from Below Trend Channel Shows Possible.”
According to Cointelegraph, the price of XRP may remain range-bound until 2026, with analysts saying that strong growth will depend on fresh bullish views emerging throughout the cycle.
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This article does not contain investment advice or recommendations. Every investment and business activity involves risk, and readers should do their own research when making a decision. While we strive to provide accurate and up-to-date information, Cointelegraph does not guarantee the accuracy, completeness or reliability of any information in this article. This article may contain forward-looking statements that are subject to risks and uncertainties. Cointelegraph shall not be liable for any loss or damage arising from reliance on this information.
