XRP’s $2.3 Resistance Battle – Will Bulls Break Through or Get Crushed?

XRP traders are locked in a high-stakes tug-of-war as the cryptocurrency tests a critical resistance level. The $2.3 price point has become the new frontline in Ripple's ongoing market saga.

Technical analysis shows a textbook standoff between bullish momentum and historical sell pressure. Chart patterns suggest either a breakout rally or a brutal rejection could be imminent—with no middle ground.

Market sentiment appears divided between die-hard 'XRPArmy' loyalists and skeptical institutional traders (who still can't believe they're analyzing a 'bank coin' in 2025). Liquidity pools below $2.0 wait like vultures for any sign of weakness.

Will this finally be XRP's moment to shine beyond its legal drama past? Or just another entry in crypto's hall of 'almost, but not quites'? The charts will decide soon enough—assuming the SEC doesn't suddenly rediscover its subpoena printer.

XRP resistance levels are overhead, but will they be overcome?

Source: XRP/USDT on TradingView

The weekly chart showed that XRP’s overall swing structure remains bullish. Following a strong rally in November, the asset established a higher low at $1.61.

However, the internal market structure has turned bearish. The $2.60 resistance zone has consistently rejected bullish attempts since March.

Another key observation is the steady decline in trading volume since February. 

The 20-week moving average of volume has been trending downward, signaling that XRP is currently in a consolidation phase on the higher timeframe.

Source: XRP/USDT on TradingView

The daily chart highlights the significance of the $2.27–$2.32 supply zone, which has served as a major resistance level throughout June. So far, the bulls have struggled to break above this level.

At the time of writing, the On-Balance Volume (OBV) trended downward during June, signaling weakening demand. However, demand has picked up slightly over the past week.

Meanwhile, the Relative Strength Index (RSI) climbed above the neutral 50 mark, suggesting that bullish momentum is starting to build.

From a technical standpoint, swing traders may consider going long if XRP successfully retests $2.32 as support.

Despite improving price action, a decline in transaction activity points to fading interest from retail investors. 

The Network Value to Transactions (NVT) ratio also indicates low on-chain activity, reinforcing concerns about weak network usage.

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