XRP Tests Key Levels, Market Focus on $3.69
XRP is currently trading between $3.03 and $3.07, having recently broken out of a downward channel, but is now facing resistance at $3.14 and $3.34. Technical analysts point out that if XRP breaks through $3.34 decisively, it could trigger a move towards $3.69 or even higher prices, especially in the context of ongoing improvements in regulatory transparency.
Ripple's proposed bank could accelerate the adoption of XRP by enhancing institutional trust. With dedicated infrastructure for protecting reserves, managing RLUSD (Ripple's stablecoin), and facilitating cross-border payments, XRP is expected to become the center of a more regulated and scalable payment system.
What is the bullish scenario? A legal victory combined with the approval of a banking license—these two catalysts could drive XRP to new highs.
