XRP Tests Critical Support at $1.84 as Exchange Supply Hits 7-Year Low
XRP’s price action tells a tale of two forces colliding – devastating technical weakness meets unprecedented supply dynamics. The token tumbled 14.5% over the past week to $1.84, erasing gains from earlier rallies while exchange reserves hit their lowest levels since 2016. With major Japanese banks now actively deploying the XRP Ledger and centralized exchange holdings creating supply shock conditions, the setup resembles a coiled spring. The main question for traders is: can fundamental scarcity overcome technical selling pressure, or will bears push through support before the supply crunch takes effect?