XRP News Today: XRP Social Buzz Surges 2.92% Despite Price Stagnation Below $2.35

XRP, the cryptocurrency associated with Ripple, has seen a notable improvement in sentiment and social buzz, with its Social Dominance rising to 2.92% and Weighted Sentiment flipping positive at 0.166 after a prolonged period in the negative zone. This optimism is further supported by the fact that 76.34% of Binance accounts are holding long positions, indicating strong bullish expectations among traders. However, despite this positive outlook, the price of XRP remains stuck below the key resistance level of $2.35, and on-chain activity has been inconsistent, with the price action trapped within a descending structure.

XRP's price has stabilized at $2.14 after bouncing from the $2.00–$2.10 demand zone. While this rebound is encouraging, the asset is still within a descending wedge structure, which is capping upside attempts. A confirmed breakout above $2.35 could potentially push XRP toward $2.60, but 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.

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.

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.

The MVRV Long/Short Difference stood at +20.99%, 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.

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.