Ripple's attempt to obtain a national banking license in the U.S. gives new momentum to XRP, overcoming a key resistance level against a backdrop of increasing trading volume.
● XRP overcame the resistance level at $2.28, increasing by 2.36%, aided by a significant rise in trading volume.
● News of Ripple's banking license strengthens the bullish technical picture, as buyers consistently defend the support level in the range of $2.24–$2.25.
● Ripple Labs' application for a national banking license with the U.S. Office of the Comptroller of the Currency (OCC), submitted on July 2, has once again strengthened investor confidence in XRP.
● If approved, the license would allow Ripple to operate as a federally regulated trust bank — which would be a significant step towards deeper integration of cryptocurrency and the traditional banking system.
● Analysts believe this could accelerate institutional adoption of XRP, especially for international payments and stablecoin issuance.
Technical Analysis
XRP rose by 2.36% over the last 24 hours, climbing from $2.21 to $2.26 with a trading range of $0.08 (3.62%).
The most aggressive breakout occurred at 10:00 when the volume exceeded 67 million, and the price rapidly surpassed the $2.28 level.
● The support level has firmly established itself in the range of $2.24–$2.25, where buyers successfully absorbed selling pressure during several declines, especially at 18:00.
● In the last hour (July 7, 01:05–02:04) XRP increased by 2.29%, overcoming resistance at $2.26 and closing at $2.27.
● The upward trend accelerated at 01:30 and 02:01, with volume spikes confirming high buyer interest; a local maximum was set at $2.27.
● Key resistance is currently in the range of $2.29–$2.30, with target growth levels between $2.60 and $3.40 if momentum is maintained after breaking through the $2.38 zone.