#Xrp

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𝙓𝙍𝙋 𝙋𝙧𝙞𝙘𝙚 𝙅𝙪𝙢𝙥𝙨 𝘼𝙨 𝙍𝙞𝙥𝙥𝙡𝙚 𝘼𝙥𝙥𝙡𝙞𝙚𝙨 𝙛𝙤𝙧 𝘽𝙖𝙣𝙠𝙞𝙣𝙜 𝙇𝙞𝙘𝙚𝙣𝙨𝙚, 𝙄𝙨 $3 𝙉𝙚𝙭𝙩?

XRP price is up 3.75% today as Ripple applies for a banking license. With a looming wedge breakout and long bias, here's why XRP may reach $3.

Ripple’s XRP is once again receiving attention from bullish traders after gaining by 3.75% today, July 3, to trade at $2.27 at press time. The gains follow reports that Ripple is seeking a banking license, which will likely drive XRP price gains while boosting the adoption of the RLUSD stablecoin. This development has also raised the question of whether XRP can realistically bounce by another 32% and reach $3.

In the last 24 hours, the Ripple price has moved from a low of $2.17 to a swing high of $2.27. At the same time, the level of market interest towards XRP has increased significantly, considering that during the same period, the token’s trading volumes rose by 35% to $3.99 billion per

These XRP price gains are likely to continue because, as CoinGape reported, Ripple is seeking a national banking license that could pave the way for the mainstream adoption of its RLUSD stablecoin. According to Ripple CEO Brad Garlinghouse, this application also gives RLUSD an advantage in the $250 billion stablecoin market.

If Ripple does get this approval, the XRP price will likely undergo a bull run that could mirror the December-January rally that pushed the altcoin towards $3.40. Moreover, the technical structure suggests that such a move might be underway.

The RSI indicator is actively defending the 50 mean level, and Ripple has continued to fluctuate above this metric, indicating that the momentum remains bullish despite facing weakness. If the indicator continues its ascent and forms a higher high, it will confirm the breakout from the trendline resistance and clear the way for the XRP price to rally to $3.96.