Ripple Labs’ recent application for a U.S. banking license has sparked renewed optimism in the crypto space. If approved, the national bank charter from the Office of the Comptroller of the Currency (OCC) would bring Ripple under federal and state oversight — a move that could significantly boost market trust in both Ripple and its upcoming stablecoin.
XRP is already showing signs of bullish momentum.
✅ Price is holding above the 20-day EMA ($2.19) and the 99-day MA ($2.20), signaling short-term strength.
✅ Current price: $2.25, with a 24h high of $2.31.
✅ RSI(7) at 62 and MACD turning positive, suggesting bullish momentum building.
If XRP breaks above the key resistance at $2.34, it could open the door for a rally toward $2.65, with potential to target $3 if market sentiment strengthens.
However, rejection at $2.34 or a drop below $2.14 would signal renewed bearish pressure, possibly pulling XRP back toward $2.07.
Ripple’s regulatory ambitions could be a catalyst for XRP, but traders should watch price levels carefully. A confirmed breakout above $2.34, especially alongside bullish indicators like the MACD and RSI, could fuel the next leg up.
