🚀 XRP Soars Past $2.28 as Ripple’s Bank Charter Bid Fuels Market Frenzy

Ripple’s latest power play sends XRP into overdrive—bank charter ambitions meet crypto’s wild west.

The Catalyst: Ripple’s push for regulatory legitimacy ignites a buying spree, smashing through resistance at $2.28. Traders pile in, betting the fintech giant’s institutional clout could finally tame XRP’s volatility—or at least give Wall Street a new toy to overhype.

Why It Matters: A bank charter would let Ripple operate like traditional finance’s cool younger sibling—with blockchain’s speed and none of the paperwork-induced migraines. Skeptics whisper this might just be another ‘compliance moon’ narrative, but for now, the charts don’t lie.

The Bottom Line: When a crypto company starts dressing up for regulatory prom, bulls throw confetti. Just don’t ask about the last time bankers and blockchain held hands without someone getting burned.

Technical Analysis

• XRP 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 occurred at 10:00, when volume exceeded 67M and price surged through the $2.28 level.
• Support is firmly established at $2.24–$2.25, where buyers absorbed selling pressure during multiple dips, particularly at 18:00.
• In the final hour (7 July 01:05–02:04), XRP climbed another 2.29%, breaking $2.26 resistance and closing at $2.27.
• The uptrend accelerated at 01:30 and 02:01, with volume spikes confirming strong buyer interest; a local high was set at $2.27.
• Key resistance now lies at $2.29–$2.30, with upside targets between $2.60 and $3.40 if momentum sustains through the $2.38 breakout zone.