XRP Holds Steady at $1.00 as Holders Move Tokens Off Exchanges

XRP's price has been clinging to the $1.00 support level for the past week, with the cryptocurrency repeatedly testing this psychological threshold.

According to on-chain data, exchange balances have declined by approximately 2.5% over the last 30 days, a trend that traders often interpret as a signal of reduced selling pressure.

This decline in exchange balances suggests that holders are moving tokens off trading platforms and into wallets they control, indicating a preference for accumulation over immediate selling.

The $1.00 level has been a robust support zone since early March, with multiple tests holding firm, while resistance is currently identified near $1.10.