The sun was setting over the dusty horizon, casting a golden glow over the vast expanse of the cryptocurrency landscape. And in this desolate land, a lone token stood tall – XRP. It had broken free from the shackles of resistance, surging forth like a wild mustang, untamed and unbridled.
What was the cause of this sudden burst of energy, you ask? Well, my friend, it was the news of Ripple‘s application for a national bank charter. It was like a shot of adrenaline straight to the heart of the token, and it responded with a 2.36% gain, leaving all else in its dust.
- XRP had shattered the $2.28 resistance zone, and the trading volume was a sight to behold – a veritable tidal wave of buying and selling, with the token emerging victorious in the end.
- Ripple’s bank charter news had ignited a fire under the token, and it was now a force to be reckoned with, its upward momentum unstoppable.
- The key resistance now lay at $2.29β$2.30, but the token was undaunted, its sights set on the distant horizon, where the promise of $2.60 and $3.40 beckoned like a siren’s song.
As the hours ticked by, the token continued its relentless march upward, fueled by the news of Ripple’s potential foray into the world of traditional banking. It was a move that could change the game, a masterstroke that could propel XRP to dizzying heights.

The Background Story
- Ripple Labs had submitted its application for a national bank charter on July 2, and the news had sent shockwaves through the cryptocurrency community.
- If approved, the license would grant Ripple the power to operate as a federally regulated trust bank, a move that could bridge the gap between the world of crypto and traditional banking.
- Analysts were abuzz with excitement, predicting that this could be the catalyst for institutional adoption of XRP, particularly in the realm of global payments and stablecoin issuance.
- The move was seen as a strategic play, positioning XRP for long-term growth, and the anticipation was palpable.
The Technical Lowdown
- XRP had gained 2.36% over the 24-hour period, rising from $2.21 to $2.26, with a trading range of $0.08 (3.62%).
- The most aggressive breakout had occurred at 10:00, when volume exceeded 67M and price surged through the $2.28 level like a hot knife through butter.
- Support was firmly established at $2.24β$2.25, where buyers had absorbed selling pressure during multiple dips, particularly at 18:00.
- In the final hour (7 July 01:05β02:04), XRP had climbed another 2.29%, breaking $2.26 resistance and closing at $2.27, leaving all else in its wake.
- The uptrend had accelerated at 01:30 and 02:01, with volume spikes confirming strong buyer interest; a local high was set at $2.27, and the token was poised for further growth.
- Key resistance now lay at $2.29β$2.30, but the token was undaunted, its sights set on the distant horizon, where the promise of $2.60 and $3.40 beckoned like a siren’s song π.
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2025-07-07 10:01