$XRP

The price of XRP remains in a trading range, with support at $2.20 and resistance at $2.26. Currently, XRP is trading at $2.2564, with an increase of +1.82% on the day. The trading volume of XRP has increased.

Ripple Labs, the company behind XRP, has applied for a banking license in the United States, which could drive the price of XRP to $2.65. The license application has been a catalyst for XRP, suggesting that the bulls are trying to take the lead. If the price exceeds $2.34, it could rise to $2.42 and then to the pattern target of $2.76. Legal analysts foresee that there will be no ruling on the lawsuit between Ripple and the U.S. Securities and Exchange Commission (SEC) before July, which has caused some uncertainty in the market. However, some see the banking license application as a positive sign for the future of XRP. The trading volume of XRP in the last 24 hours has been $X, with a change of 0.37%.

The #XRP token is a cryptocurrency used on the Ripple platform, designed to enable fast and cost-effective transactions. The Ripple network has increasingly been adopted by banks and payment networks as a settlement infrastructure technology.