XRP is making waves again, climbing 3.75% today to $2.27. The rally comes as Ripple applies for a national banking license—a move that could supercharge adoption of its RLUSD stablecoin and fuel further XRP gains.
Why This Matters
Banking license approval could mirror December’s rally (when XRP hit $3.40)
Trading volume spiked 35% to $3.99B—signaling strong market interest
Futures traders are betting long, with open interest up 8% to $4.62B
True to our long-standing compliance roots, @Ripple is applying for a national bank charter from the OCC. If approved, we would have both state (via NYDFS) and federal oversight, a new (and unique!) benchmark for trust in the stablecoin market.
📈 Falling wedge pattern suggests a 78% upside (target: $3.96) 📈 RSI holding above 50 confirms bullish momentum 📈 Key resistance at $2.27—a close above could trigger a run to $3
