XRP Price: Exchange Balances Hit Multi-Year Lows as Price Climbs Higher

TLDR

• XRP broke above $2.12 resistance with trading volume 47.6% higher than the seven-day average
• U.S.-listed spot XRP ETFs recorded $13.59 million in new inflows this week
• Exchange balances have dropped to multi-year lows, creating potential supply tightness
• Technical patterns show similarities to XRP’s 2017 cycle before its historical rally
• Analysts project base case price targets of $24-$30 over the next 6-18 months with 60-65% probability

XRP climbed past $2.12 on January 5, 2026, breaking through a resistance level that had blocked previous rally attempts. The move came with trading volume 47.6% above the seven-day average.

The price increase pushed XRP’s market cap to approximately $121.7 billion. Trading activity showed sustained participation rather than a brief spike.

U.S.-listed spot XRP ETFs brought in $13.59 million in new inflows earlier this week. The inflow pattern has remained steady rather than driven by single news events.

Exchange balances for XRP have fallen to multi-year lows. This decline in available supply on exchanges creates conditions that can amplify price movements when buying pressure increases.

After the initial push above $2.12, XRP entered a consolidation range between $2.128 and $2.152. The $2.128 level has held as short-term support through multiple tests.

The price is now holding above the former resistance zone. This structure differs from failed breakouts where price quickly falls back below the previous ceiling.

Technical Patterns Echo 2017 Cycle

XRP Ledger transaction counts have climbed back toward 1 million daily transactions. This uptick in network activity accompanies the price movement.

Analyst Steph noted that XRP’s current price action mirrors its 2017 cycle structure. That earlier period featured a long consolidation followed by a corrective falling wedge pattern before a large rally began.

In 2017, XRP compressed within a narrow price range for months before breaking out. Once the breakout occurred, momentum accelerated quickly.

The current chart structure appears to show similar compression characteristics. The token has emerged from a corresponding consolidation area.

Price Projections Based on Historical Analysis

EGRAG Crypto presented an inverse chart analysis showing XRP’s cyclical behavior. Previous breakpoints on inverse charts preceded substantial growth phases rather than declines.

Past cycles produced dramatic results using this model. The first occurrence led to a 7,000% increase while the second produced a 1,200% rise.

Based on this framework, the base case projection puts XRP at $24-$30 over a 6-18 month timeframe. This scenario carries a 60-65% probability according to the analysis.

Current Market Structure

The next resistance area sits around $2.15-$2.16. A move through that zone typically brings $2.20 into focus quickly.

If the $2.128 support level fails, price risks sliding back toward the lower range boundary near $2.06. The breakout structure remains intact as long as this support holds.

Volume tapered after the initial surge past $2.12. The market appears to be waiting for additional participation or fresh catalysts.

XRP gained 2.04% to reach $2.12, outperforming broader crypto markets by approximately 180 basis points. The consolidation band between $2.128 and $2.152 represents the current trading range as the market digests the breakout move.

The post XRP Price: Exchange Balances Hit Multi-Year Lows as Price Climbs Higher appeared first on CoinCentral.