Ripple’s Bank Charter Efforts Propel XRP Beyond $2.28 Amid Trading Frenzy

Ripple’s pursuit of a U.S. national bank charter has ignited new enthusiasm in the crypto market, sending XRP above crucial resistance levels as trading volumes soar.

From 6 July 03:00 to 7 July 02:00, XRP rose 2.36%, moving from $2.21 to $2.26, with hourly trading volume peaking above 67 million XRP. This price surge drove XRP firmly past the key $2.28 resistance, highlighting rising investor interest and accumulation.

The momentum around Ripple’s banking plans has reinforced a bullish outlook for XRP, with significant support forming between $2.24 and $2.25 as buyers stepped in during price dips.

Ripple’s Path Toward a Bank License

On July 2, Ripple Labs officially filed for a national bank charter with the U.S. Office of the Comptroller of the Currency (OCC).
Gaining this charter would allow Ripple to function as a federally regulated trust bank, deepening the integration between crypto services and the traditional financial sector.
Market analysts believe securing such a license could open the doors for wider institutional adoption of XRP, especially for use cases in cross-border transactions and stablecoin ecosystems.
The bank charter news comes amid heightened speculation over a possible U.S.-listed XRP spot ETF and Ripple’s pursuit of a Federal Reserve master account, developments that could fuel long-term price growth.

XRP Technical Picture

During the 24-hour window, XRP gained 2.36%, fluctuating in a range of $0.08 (3.62%) and closing at $2.27.
The most significant rally took place at 10:00, as volumes surged past 67 million XRP, pushing prices through the $2.28 resistance barrier.
Firm support levels are established between $2.24 and $2.25, with buying pressure visible during retracements, especially around 18:00.
In the last trading hour (7 July 01:05–02:04), XRP added another 2.29%, climbing above $2.26 and touching a high of $2.27.
Strong volume spikes at 01:30 and 02:01 reflected robust market interest.
Immediate resistance now lies at $2.29–$2.30, with analysts pointing to potential targets between $2.60 and $3.40 if XRP can sustain momentum and surpass the $2.38 level.