How did I come up with that number?!34.55? i think there has to be a typo.
21.6 x 1.414 = 30.542.
21.6 x 1.4142 = 30.546. Rounded to two decimal places 30.55. Yeah, 34.55 must have been a typo.
My bad. GEEZ I hate that statement. It's like saying "I was wrong but not sorry." Sorry for the misinformation.
Still with all the diodes in play, you're still a half volt over spec. Will that cause problems immediately? Maybe not. But what about down the line, in a month or two. Or year. Or two.
I tried using diodes to limit the amount of voltage from a 5V supply down to 3.3. It worked for several months but then failed. Two diodes would have dropped the voltage down to 3.8VDC. An additional diode would have dropped it down to 3.2 (assuming 0.6Vf for 1N4001's).
Diodes are cheaper than bridge rectifiers. Stringing a series of diodes as voltage drops might be cheaper than one or two BR's.