#DayTradingStrategy #Xrp🔥🔥 XRP crosses $2.28, Ripple’s bank charter application sends the coin soaring in the market,
XRP has surged 2.36% above the $2.28 resistance level, supported by rising trading volume,
Ripple’s application for a national bank charter has boosted investor confidence, which could accelerate its chances of institutional acceptance,
If approved under this application, Ripple will be able to operate as a federally regulated trust bank, which will be a major step towards deeper integration between crypto and traditional banking systems,
Analysts say the move is a significant development, especially for global payments and the issuance of stablecoins, which opens up the possibility of XRP’s long-term value appreciation,
XRP’s price recorded a 2.36% increase in the market between July 6 and July 7, in which The trading volume peaked at over 67 million,
A strong support is in place between $2.24 and $2.25 where buyers have repeatedly held off selling pressure,
Current key resistance is between $2.29 and $2.30, and if the market trend continues, the price could move to $2.60 and $3.40,
In addition, Ripple’s filing with the US Office of the Comptroller of the Currency has boosted investor confidence, creating a positive technical trend in the market,
This development has also raised hopes regarding the possibility of a US XRP spot ETF and the Fed’s access to a master account, which will help make XRP more stable and acceptable,
Overall, Ripple’s bank charter application has strengthened XRP’s market position and helped it emerge as a key financial asset, opening the door for investors and institutions to use the cryptocurrency. Can be opened ....
