XRP’s Sudden Bull Run 🚀

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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 $2.29–$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 $2.24–$2.25, where buyers had absorbed selling pressure during multiple dips, particularly at 18:00.
  • In the final hour (7 July 01:05–02:04), 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 $2.29–$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 🚀.

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2025-07-07 10:01