XRP’s $2.15 Wall Is Where Millionaire Hopes Die

XRP (XRP-USD) has bounced over 40% since April—but that looks more like a dead cat bounce than a comeback. At around $2.15, it’s still well below its January high of $3.40. A gain like that should feel optimistic, but it doesn’t. Sentiment is flat. Momentum is weak. Retail traders who thought sub-$2 buys might mint millionaires are watching this rally stall out instead.

The $2.15 level is starting to look less like a stepping stone—and more like a trap.

SEC Lawsuit Keeps Market in Limbo

The SEC-Ripple lawsuit remains the heaviest weight around XRP’s neck. A June 16 court deadline is fast approaching, and the stakes are massive. If XRP is officially classified as a security, that would restrict trading on U.S. platforms, locking out a major portion of its market access. That’s not just a technicality—it affects who can own it, how it’s sold, and whether big money can get involved.

Institutions Pull Out as Rivals Gain Favor

Institutions appear to be voting with their wallets. According to CoinShares, XRP-based investment products saw $56 million in outflows just last month. Compare that to Ethereum and Solana, which saw net inflows. Capital is flowing toward tokens with fewer regulatory headaches and clearer narratives. This isn’t a small trend. When big players move out, liquidity drops, and volatility creeps in.

XRP’s Technical Patterns Offer Hope But Require Conviction

Technically, XRP is inside a falling wedge — a setup many see as bullish. A breakout above $2.30 could send prices racing toward $3.66. But here’s the catch: patterns don’t work without volume. And right now, conviction is low. Retail traders are skittish. Institutions are bailing. No breakout sustains itself without follow-through.

On-Chain Data Warns of a Possible Reversal

According to Glassnode data, XRP’s NUPL (Net Unrealized Profit/Loss) metric shows it’s in the “Belief-Denial” phase. In plain English? Many investors are in profit but nervous. This is often the stage where people take gains off the table. It happened before, most notably in 2021, when a similar signal preceded a sharp pullback.

Ultimately, XRP’s long-term prospects rest on two things: a favorable legal outcome and a real-world use case that scales. Without both, it’s unlikely to attract serious capital again. Ripple’s cross-border payments pitch has potential, but potential isn’t enough in this market.

Until XRP proves it can be more than a speculative bet, dreams of becoming a millionaire from a sub-$3 token may stay just that—dreams. At the time of writing, XRP is sitting at $2.15.