🏦 Ripple applies for a banking license - XRP tries on a Wall Street suit
When Ripple says, "Let's be a bank," the market goes, "Whoa!".
CEO Brad Garlinghouse announced that Ripple Labs has applied for a banking license in the USA. If approved, Ripple will be under the supervision of both state and federal authorities. Just like "the real guys on Wall Street".
XRP did not wait for bureaucracy and surged higher: broke through the 50-day SMA at $2.23, now eyeing $2.34. There will be a real battle there - either up to $2.65 or back to the sideways range of $2.00–$2.34.
Also on the chart - a classic bullish "inverse head and shoulders". If it breaks the neck, we’ll move towards $2.76, and $3 won't be far behind. But don’t relax: if we drop below $2.14, the bears will return with a new song.
📊 Ripple wants to become a bank. XRP wants to become the "new ETH". And the market just wants clarity.
