XRP Bulls Stack Coins—Can They Power Through the $2.3 Resistance Wall?

Whale wallets are loading up on XRP, sparking whispers of a breakout. But the $2.3 price ceiling won’t budge without a fight.

The Accumulation Game

On-chain data shows sustained buying—mostly from deep-pocketed traders betting against the skeptics. Classic ‘buy the rumor’ behavior, though whether they’ll ‘sell the news’ remains to be seen.

The $2.3 Question

History says this zone triggers profit-taking like clockwork. Bulls need a catalyst—maybe another round of ‘Ripple vs. SEC’ headlines—to turn stubborn resistance into support.

Meanwhile, retail traders watch from the sidelines, wondering if this is the setup before the pump… or the calm before the dump. Ah, crypto—where ‘accumulation’ either means smart money positioning or bagholders-in-waiting.

XRP supply zone at $2.3 remains formidable

Source: XRP/USDT on TradingView

The mid-range resistance at $2.28 coincided with the 38.2% Fibonacci retracement level plotted based on the 2025 drop from $3.4 to $1.61. The 1-day timeframe RSI had been below neutral 50 in recent weeks, signaling bearish momentum.

At press time, the RSI was at 50.8. The indicator wandering above 50 was an early bullish sign of a shift in momentum. However, the swing structure of XRP’s price action remained bearish, following its rejection from the range high at $2.6.

The OBV has also been stuck within a range since April, but was unable to set a higher high beyond the ones from March. On the other hand, it set a series of higher lows over the past two months, which was encouraging.

Source: Coinglass

The 2-week liquidation heatmap underlined the large pool of levels that had built up from the $2.29-$2.36 region. This liquidity cluster was close to the press time market price, which meant that an XRP MOVE to $2.36 appeared likely.

A bearish reversal from the $2.35-$2.4 region could be feasible. After sweeping the liquidity overhead, a bearish reversal WOULD hurt more traders. As seen on the 1-day OBV, the buying pressure was present, but not overwhelming. Hence, a rally towards the range high might have to wait.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion