$BTC

#XRP/USD

The price of Ripple (XRP) has stabilized over the last 24 hours with a slight decline of about 0.58% at $2.22, with balanced expectations, as the trading of the XRP/USD pair continued above its important support level of $2.20, supported by the intense institutional activity of Ripple Labs aimed at engaging with traditional finance systems. The company recently submitted an application to the U.S. Office of the Comptroller of the Currency (OCC) to obtain a license for banking activities, alongside its efforts to secure a master account with the U.S. Federal Reserve.

If successful, this movement could directly integrate the company into the payment infrastructure in the United States, making it a key player in this sector, representing an unprecedented development for a startup in the crypto sector. These developments renew trader hopes for the possibility of the price of Ripple (XRP) reaching the $10 mark in the long term, while institutional sentiment improves thanks to key catalysts, including:

Increased hopes for the approval of the request to create an exchange-traded fund for XRP (XRP ETF)

Ripple entering partnerships with more than 50 countries to create a central bank digital currency (CBDC) for each of them

Expansion of the adoption of RippleNet within the infrastructure of international payment operations

These indicators - collectively - confirm that Ripple (XRP) enjoys strong institutional support.