XRP Bulls Hit a Wall at $2.34—Will the Dam Break Soon?

XRP’s rally slams into resistance at $2.34, leaving traders wondering if this is just a pause before the next leg up.

Forget ’slow and steady’—crypto markets don’t do patience. Either XRP punches through this level soon, or the bulls risk getting stuck in another ’waiting for institutional adoption’ purgatory.

Funny how a 5% move feels like stagnation in an asset that once mooned 1,000% in a week. Ah, the good old days—back when ’utility’ just meant pumping your bags.

• XRP battles to break above the $2.34 resistance level, eyeing $2.44 and $2.62 on a breakout.
• Veteran trader Peter Brandt predicts a fall to $1.07 based on the pattern of head and shoulders.
• Ripple price consolidates between $2.15–$2.31, with support near $2.15 and $1.95 under watch.

The price of XRP has been moving quietly without significant fluctuations in recent days. On the daily chart, XRP recently fell below a critical resistance level of $2.34. Currently, it is finding some support around $2.30 but is struggling to reclaim the $2.34 mark, which now acts as a new resistance point.

If XRP breaks and holds above $2.34, the next targets WOULD be near $2.44, and then a deeper resistance area at $2.55 to $2.62. To date, the market has a bullish pattern to it with higher lows and higher highs, but a good bounce would be necessary to keep this trend going.

There is also a possibility that XRP is forming an inverse head and shoulders pattern on the daily chart. Should this pattern complete and Ripple break above $2.62, it could push the price to new highs, possibly exceeding $3.

Bearish Outlook from Veteran Trader Peter Brandt

Peter Brandt has made a bearish XRP market prediction, forecasting a near-future decline to $1.07. Based on the development of a classic head and shoulders pattern, the veteran market participant predicts a trend reversal. According to this projection, the bears may soon break the current bullish run.

In a recent update, Brandt expressed concern that the price of Ripple might plunge to below the $1 level following a minor 5% increase last month. This bearish stance stands in sharp contrast to an earlier projection which had predicted Ripple to reach $27 in 60 days, demonstrating the markets’ volatility.

“I have no vested interest up or down,” said Brandt. “XRP is forming a textbook H&S pattern.”

XRP Price Stalls Between $2.15 and $2.31

XRP’s price remains range-bound between $2.15 and $2.31, showing little momentum in either direction. A minor five-wave decline followed Friday’s peak, yet it hasn’t triggered a deeper sell-off.

As long as Ripple trades under the $2.43–$2.44 zone, bearish pressure lingers. If the price slips lower, support levels to monitor lie NEAR $2.15 and $1.95. Still, the current dip appears more like a healthy correction than the beginning of a broader downtrend.

Read More: XRP Eyes Major Breakout as Historical Patterns Signal Potential Surge to $27–$46