XRP Jumps Over $2.28 in High-Volume Move, Aiming for $2.30 on Ripple’s Banking License Efforts

Ripple’s Banking Charter Efforts Propel XRP Above $2.28, Eyes $2.38 Next

XRP has broken past the $2.28 mark on robust trading activity, driven by Ripple’s ongoing pursuit of a U.S. banking license. The development has fueled optimism among traders, who are now watching for a potential move toward the $2.38 level.

Ripple Aims for Regulatory Milestone

Ripple’s application for a national trust bank charter with the U.S. Office of the Comptroller of the Currency (OCC) has emerged as a key factor in XRP’s rally. The move signals Ripple’s deeper integration into regulated financial services, boosting confidence in the asset’s long-term prospects and making it increasingly attractive to institutional investors.

With legal clarity improving around XRP, it continues to stand out among altcoins, drawing significant market attention.

XRP Price Action Highlights

• Between 6 July 03:00 and 7 July 02:00, XRP gained 2.36%, moving from $2.21 to $2.26.
• A surge in trading volume around 10:00 saw more than 67 million tokens change hands, helping push XRP past the $2.28 resistance level.
• The token reached an intraday high of $2.29 before settling into a consolidation phase above $2.24–$2.25 support.

Technical Analysis

• XRP’s trading session covered an intraday range of roughly $0.08 (3.62%), with significant price action and volume spikes noted at 08:00, 10:00, and 13:00.
• Buyers defended the $2.24–$2.25 support zone during a dip around 18:00, confirming it as a solid short-term base.
• The immediate resistance sits between $2.28 and $2.29. A firm breakout above this region could open the path to the $2.38 target, a key level on traders’ radars.
• Late-session activity (7 July 01:05–02:04) saw XRP advance from $2.26 to $2.27, with noticeable volume surges at 01:30 and 02:01, suggesting continued bullish interest.

Market Outlook

• Holding above $2.28 with sustained volume could propel XRP toward the $2.38 resistance and potentially into the $2.60–$3.40 range.
• However, losing support around $2.25 might trigger a pullback to the $2.21–$2.22 demand zone.
• Ripple’s regulatory advances and XRP’s solid legal footing continue to bolster bullish sentiment, keeping the token in focus as one of the more promising large-cap cryptocurrencies in the current market.