What's up, my people! 🚀 Get ready because this is serious business that has us all wide-eyed. Imagine that Ripple, yes, the same ones from XRP!, has made a big move in the United States. And what’s that? Well, they have applied for a national bank license, just like you hear! 🏦 If they get the green light, folks, Ripple would stop being just a cryptocurrency company to fully join the ranks of traditional banks. Wow, that’s a level up!
The very boss of Ripple, the dude Brad Garlinghouse, dropped the bomb. He said that, true to their style of 'always with the law', they are requesting that banking authorization from the OCC. And not only that, the guy wants more! He is also seeking approval from the financial regulator of New York. According to him, this would set a new standard of trust for all those stablecoins and digital assets. Bomb! 💣 It’s like they want to say: 'Hey, we are serious and we come to play in the big leagues!'
Now, the million-dollar question that we all ask ourselves: What does this mean for the price of our beloved XRP? 🤔 Well, look, the XRP token has been on a rollercoaster but without going up much. In the last few weeks, it has been dancing side to side, as if there were an invisible wall. It has been stuck between about $2.10 and $2.25 below, and between $2.31 and $2.35 above. There’s no strong push either up or down, it’s like in 'relax' mode! 😴
This little sideways dance, watch out!, could continue like this for days or even weeks. Unless, of course, a bombshell news or a major event shakes the market. But pay attention to the data released by analyst Casi Trades: XRP remains firm at a support level of 0.382. It seems that this zone is like a containment wall that won't let it fall! 💪
And if XRP gets its act together, surpasses that $2.25 and stays there like at home, hold on tight! Because it could shoot up quickly to $2.69, although with a stop nearby at $2.45. According to Casi, the RSI indicator will be like the thermometer to know if this thing gains strength or if it loses momentum. We need to stay alert! 👀
But watch out, my people, not everything is rosy and fast. Requesting a banking license is like waiting for Christmas: it takes forever! ⏳ This process can easily take a year or more. Regulators take their time to review every detail, the plans, who the bosses are, their backgrounds, even what people think! So, although the news is big, we need to be patient!
So you all know, stay alert to this situation because it’s getting spicy! 🔥$XRP
