XRP Price Consolidates Amid Low On-chain Activity – Bulls Target $2.34 Resistance Soon

Highlights:

• The XRP price has entered a consolidation phase, with support at $2.15 and resistance at $2.30.
• The whales have sold approximately 460 million XRP over the past 96 hours, as on-chain activity has been lagging.
• The technical outlook presents mixed signals, as a tug-of-war between bulls and bears is underway in the market.

The XRP price is currently consolidating, with support at $2.15 and resistance at $2.34. The cross-border payment token has remained in this narrow range over the last four days, indicating a tug-of-war between the bulls and the bears. Meanwhile, the daily trading volume has plummeted 15% to $3.13 billion, indicating reduced market activity. On the other hand, the technical outlook still indicates a tug-of-war, despite the MACD signalling a buy signal. Can XRP rebound above $2.34 resistance?

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XRP Whales Activity Slips Amid Low on-Chain Activity

In the meantime, activity on the XRP Ledger (XRPL) has been highly stagnant in terms of on-chain activity in recent months. The Santiment data shows that the number of active addresses on the network per day has not exceeded 100,000 since June. According to Santiment data, the Daily Active Addresses indicate that approximately 19,200 addresses were recording transactions on the XRPL on Thursday, which was around 581,000 in mid-June. The low on-chain activity negatively impacts adoption and user engagement, making it difficult to sustain price rises.

Notably, the whales are selling an increasing amount of XRP, which further reinforces the downward pressure on the XRP price. The Supply Distribution measure below indicates that the number of investors owning 100,000-1 million tokens (blue line) now holds 9.81% of the total supply. This is compared to 10.06% on November 1 and 10.21% on September 4.

The whale holdings are plummeting, which supports the persistent risk-off attitude. Looking at the XRP price, as long as it continues, it may take some time to recover above the $2.34 resistance. Notably, popular analyst Ali Martinez has added that approximately 460 million XRP has been sold in the past 96 hours. 

460 million $XRP sold or redistributed by whales in 96 hours! pic.twitter.com/QkcXgp6SAC

— Ali (@ali_charts) November 27, 2025

XRP Price Targets $2.30 Resistance

Turning to the technical analysis of the XRP price, it is currently positioned just below a significant resistance level of approximately $2.34. The Relative Strength Index (RSI) is at 48.61, indicating positive momentum, which allows the price to continue rising. 

The MACD supports this view, with the MACD line above the signal line and the histogram displaying increasing green bars. This indicates growing bullish momentum, prompting traders to rally behind XRP.

Looking ahead, the key support levels to watch include around $2.15 to $2.04, which could act as a strong floor if the price pulls back. On the upside, the next resistance lies near $2.30, with further hurdles around $2.34 and $2.62, which are important levels where traders may take profits.

Overall, the XRP price appears to be on a strong upward path, driven by positive technical indicators. If the price rises above $2.30, it could open the way toward gains of around $2.34. If it pulls back, those earlier support levels should hold well and keep the price stable.

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