XRP’s Path to $2.35: Key Levels Bulls MUST Watch Now

XRP bulls are charging—but can they break through the critical resistance levels ahead?

Here’s the roadmap to $2.35, stripped of hopium and loaded with actionable insights.

The Make-or-Break Zones

Watch these price levels like a hawk. Fail to hold, and the rally could fizzle faster than a meme coin’s utility.

Why $2.35 Matters

It’s not just another number—it’s the line in the sand separating ‘recovery’ from ‘revenge of the bagholders.’

Cynical finance jab: If Wall Street could trade ‘vibes,’ XRP would’ve already mooned—on paperwork alone.

Source: Santiment

XRP price action stabilizes at $2.14: Can bulls break the downtrend?

 XRP has bounced from the $2.00–$2.10 demand zone and is currently consolidating NEAR $2.14. Despite the rebound, the asset remains within a descending wedge structure, capping upside attempts. 

A confirmed breakout above $2.35 could flip the short-term trend bullish and potentially push XRP toward $2.60. However, continued rejection at the upper boundary risks another drop to the $2.00 mark or even $1.80. 

Unless bulls reclaim control above $2.35 with strong volume, the broader structure will remain tilted in favor of bears.

Source: TradingView

Why on-chain activity is not keeping up with the hype

Despite the strong sentiment recovery, XRP’s on-chain participation has weakened. Daily Active Addresses fell to 17.4K, reflecting lower network engagement. Transaction count has also cooled off after a spike earlier in June, showing no steady usage pattern. 

This divergence between HYPE and on-chain data suggests that much of the current excitement may be speculative. 

For a genuine rally to occur, real demand needs to accompany crowd sentiment. Otherwise, the disconnect could drag price momentum back into a consolidation phase.

Source: Santiment

NVT ratio signals undervaluation, but…

XRP’s NVT ratio has declined sharply by 18.43% in the last 24 hours, dropping to 237.16. This metric compares market cap to transaction volume and typically signals undervaluation when it falls. 

However, without consistent growth in Daily Active Addresses or sustained transaction throughput, this drop may not hold much value. 

It could merely reflect price and volume noise rather than improved network utility. A meaningful shift in NVT must be supported by broader on-chain strength to be reliable.

Source: CryptoQuant

Long-term holders stay profitable, but will they start to offload soon?

The MVRV Long/Short Difference stood at +20.99%, at press time, showing that long-term holders were in solid profit relative to short-term participants. 

This profitability gap often creates a risk of selling pressure if the price fails to push higher. As XRP hovers near a major resistance level, holders may be tempted to secure gains, especially if momentum weakens. 

Sustaining the current structure will depend on whether long-term holders remain patient or begin to take profits at the first sign of rejection.

Source: Santiment

Can XRP bulls overcome resistance and validate sentiment?

XRP’s bullish crowd mood, rising social buzz, and long bias hint at breakout potential. However, this setup is weakened by fragile on-chain activity and nearby liquidation risk. 

A decisive move above $2.35 is needed to confirm strength and attract follow-through volume. 

If bulls fail to clear resistance or defend $2.10, sentiment may quickly turn, pushing XRP back into consolidation. Without a confirmed breakout, Optimism alone won’t sustain a rally.