Ripple (XRP) Struggles to Break $2.3 Resistance Amid Legal Turmoil and ConsolidationRipple (XRP) Bulls Fail to Breach $2.3 Resistance as Legal Issues Weigh on Momentum
Ripple’s native cryptocurrency, XRP, encountered a significant resistance hurdle on July 3rd, when bulls attempted but failed to push the price above the critical $2.3 resistance zone. This resistance sits near the mid-range level of $2.27, which has been a notable barrier for XRP since March 2025.
Despite multiple attempts, XRP remains trapped within this trading range, facing overhead resistance and challenges that could stall its next meaningful rally. On-chain data offers a mixed outlook, with strong accumulation signals juxtaposed against fading retail interest. Meanwhile, Ripple’s ongoing legal entanglements have added uncertainty, dampening the token’s breakout potential.
XRP Price Action and Resistance Zones: What Technical Analysis Reveals
Since March, XRP has been oscillating within a well-defined range, struggling to gain sustained bullish momentum above the $2.27–$2.32 supply zone. This zone has acted as a major resistance area, capping gains throughout June and early July.
Weekly Chart Insights The weekly chart highlights an interesting dichotomy in XRP’s price structure. The overall swing remains bullish, with the formation of a higher low at $1.61 after a strong rally in November 2024. This higher low suggests underlying support and a potential for upward price movement.
However, despite this bullish macro structure, the internal market dynamics have weakened. XRP has repeatedly failed to close above the $2.60 resistance, which has acted as a ceiling since March. The persistent rejection at this level indicates that sellers remain firmly in control above the mid-$2 range.
One worrying sign is the steady decline in trading volume since February. The 20-week moving average of volume reveals a downward trend, signaling that XRP is entering a consolidation phase on the higher timeframe. Such volume contraction typically precedes either a breakout or a breakdown, making the coming weeks crucial for price direction.
On-Chain Metrics Signal Accumulation But Fading Retail Interest
Despite the sideways price action, on-chain analysis shows some promising signs of accumulation. More than 1 billion XRP tokens were moved off exchanges recently, a strong indicator that investors are withdrawing coins into private wallets rather than selling. This accumulation behavior often precedes upward price momentum, as reduced circulating supply on exchanges limits selling pressure.
However, not all data points are bullish. The Network Value to Transactions (NVT) ratio, a key metric used to assess network usage relative to market value, is signaling low on-chain activity. This suggests that while holders may be accumulating, actual transactional usage of the XRP network remains subdued, raising concerns about weakening ecosystem engagement.
Additionally, transaction activity has declined, indicating that retail investors might be losing interest or waiting on clearer directional signals before re-entering the market.
Daily Chart Technicals: Signs of Renewed Momentum Amid Resistance
The daily chart underscores the importance of the $2.27–$2.32 resistance zone, which has thwarted bulls’ breakout attempts throughout June. Despite these challenges, some indicators show signs of building bullish momentum:
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The Relative Strength Index (RSI) recently climbed above the neutral 50 mark, suggesting an uptick in buying pressure.
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The On-Balance Volume (OBV), which trended downward during June, signaling weakening demand, has shown slight improvement over the past week, hinting that buyers are beginning to re-engage.
From a tactical standpoint, swing traders may view a successful retest of $2.32 as support as a key long entry point. Holding this zone could confirm a shift from resistance to support, potentially setting the stage for a new upward leg.
Legal Headwinds Continue to Cloud XRP’s Outlook
Ripple’s legal battles remain a significant overhang on XRP’s price prospects. The company is currently embroiled in fresh legal disputes involving Linqto, the U.S. Securities and Exchange Commission (SEC), and the Department of Justice (DoJ).
These regulatory and legal complications continue to weigh heavily on investor sentiment, limiting enthusiasm despite technical signs of accumulation. Uncertainty around Ripple’s legal status and regulatory scrutiny often leads to caution among institutional and retail investors alike, constraining breakout potential.
Will XRP Overcome Overhead Resistance and Rally?
The immediate future for XRP hinges on its ability to break through and sustain levels above the $2.3 resistance zone. Several factors will play a crucial role:
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Sustained accumulation off exchanges could tighten supply and support price gains.
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A retail demand revival, signaled by higher volume and stronger on-chain activity, is essential to maintain bullish momentum.
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The resolution or easing of legal and regulatory risks would dramatically improve market confidence and could catalyze a sustained breakout.
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Technical confirmation, such as a clean retest of $2.32 as support, would be a strong buy signal for swing traders and investors.
However, caution is warranted. The declining volume trend and low network transaction activity suggest that without fresh catalysts, XRP could remain stuck in its current range or face downside risks.
Summary and Key Levels to Watch for XRP Traders
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XRP has failed to breach the $2.3 resistance zone, remaining capped near the mid-range resistance at $2.27.
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The weekly chart shows a bullish swing structure with a higher low at $1.61, but internal market momentum remains bearish.
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Trading volume has declined steadily, indicating a consolidation phase.
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On-chain metrics reveal strong accumulation with over 1 billion XRP moved off exchanges, but transaction activity and NVT ratio indicate weak network usage.
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Daily technicals show RSI improving above 50 and slight upticks in OBV, signaling budding bullish momentum.
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Ripple’s ongoing legal challenges continue to suppress breakout potential.
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Key support: $1.61, Key resistance: $2.27–$2.32, with a higher resistance at $2.60.
Final Thoughts
XRP finds itself at a pivotal juncture. The token is accumulating strength off exchanges and showing early technical signs of bullish momentum, but persistent overhead resistance and legal uncertainties cast shadows over the rally potential.
Traders and investors should watch for a decisive break and hold above $2.3 to confirm a breakout. Meanwhile, monitoring on-chain activity, volume trends, and legal developments will be critical in assessing XRP’s trajectory in the weeks ahead.
In a market defined by cautious optimism, XRP’s ability to overcome its resistance hurdles could unlock significant upside, but only if accompanied by sustained demand and resolution of regulatory risks.
Todor Tsonev publication: "Ripple (XRP) Stalls at $2.3 Resistance Amid Legal Uncertainty" was written for 24crypto.newsNews from today
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