XRP Price Eyes Potential Rebound as Key Support Levels Hold Strong
XRP is showing promising signs of stabilization after bouncing back from the $2.20 support zone, with traders closely monitoring the $2.2250 trendline for potential continuation signals. The cryptocurrency, listed on Kraken, is currently facing immediate resistance at $2.2720. However, sustained momentum above $2.32 could pave the way for a push toward $2.35. The market structure appears constructive as XRP maintains its position above both the psychological $2.22 level and the 100-hour moving average. This development suggests a potential rebound, making it an intriguing asset for traders and investors alike.
XRP Price Eyes Potential Rebound as Key Support Levels Hold
XRP shows signs of stabilization after rallying from the $2.20 support zone, with traders now watching the $2.2250 trendline for continuation signals. The Kraken-listed asset faces immediate resistance at $2.2720, while sustained momentum above $2.32 could open path toward $2.35.
Market structure appears constructive as XRP maintains its position above both the psychological $2.22 level and the 100-hour moving average. The formation of a bullish trendline coincides with the 23.6% Fibonacci retracement level from recent swings, creating a technical confluence for potential buyers.
XRP Could Hit $50 If Ripple Secures US Banking Charter, Says Crypto Analyst
Vincent Van Code, a software engineer and staunch XRP advocate, has sparked renewed discussion with his analysis of Ripple's pursuit of a US banking charter and Federal Reserve master account. The move, confirmed by Ripple on July 2, could position the company as the first crypto-native bank with direct access to Federal Reserve services.
Van Code argues this regulatory milestone would enable Ripple to hold reserves directly with the Fed, bypassing traditional commercial banks. The charter would grant authority to offer FDIC-insured deposit accounts—potentially including crypto assets—and establish lending services using XRP as collateral. "2025 to 2026 will be marked in history as the era the 100-year banking cartel began to crumble," Van Code predicted, suggesting the development could propel XRP to $50.
XRP Breaks Past 50 EMA, Signals Bullish Reversal Above $2.28
XRP has surged above the 50-day Exponential Moving Average (EMA), a critical technical level that had previously capped its price action. The breakout, accompanied by robust trading volume, suggests a potential shift from prolonged consolidation to a bullish phase.
Market sentiment appears to be turning as the token holds above all major moving averages. The Relative Strength Index (RSI) at 57 reinforces growing momentum, while the $2.28 support level now serves as a foundation for further upside.
Traders are eyeing key resistance levels at $2.50 and $3.00. The current price action mirrors historical patterns where sustained breaks above the 50 EMA have preceded extended bullish cycles.
Amina Bank Becomes First Global Institution to Support Ripple's RLUSD Stablecoin
Ripple's stablecoin RLUSD gains significant institutional validation as Switzerland's AMINA Bank AG becomes the first globally regulated financial institution to offer direct support. The FINMA-regulated crypto bank will provide custody and trading services for the dollar-pegged digital asset, marking a watershed moment for blockchain-based financial instruments.
The adoption comes amid Ripple's parallel push for traditional finance integration, including applications for a US national banking license and Federal Reserve master account. On-chain metrics reflect growing traction, with RLUSD's supply ballooning to $469 million since launch.
"This institutional endorsement bridges the gap between digital assets and conventional finance," observed AMINA Bank's announcement, hinting at expanded services in coming quarters. The development coincides with surging global demand for stablecoins as hedging instruments and dollar proxies.
Ripple Applies for U.S. Bank License Amid Stablecoin Regulatory Push
Ripple has taken a significant step toward regulatory compliance by applying for a U.S. bank charter with the Office of the Comptroller of the Currency (OCC). The move aligns with requirements under the proposed GENIUS Act, which mandates that stablecoin issuers must be chartered financial institutions. CEO Brad Garlinghouse emphasized that securing a Federal Reserve Master Account WOULD allow Ripple to hold reserves for its RLUSD stablecoin directly with the Fed, enhancing trust and security.
The application comes as competition intensifies in the stablecoin sector, with Circle also pursuing a similar license. Market sentiment for XRP turned bullish following the announcement, reflecting Optimism about Ripple's positioning in the evolving regulatory landscape. The GENIUS Act, currently under House review, could reshape the stablecoin market by imposing strict issuance requirements.
XRP Whales’ $1.2 Billion Sell-Off Threatens Price Recovery
XRP faces mounting pressure as large holders offload over 600 million tokens worth $1.2 billion within 24 hours. The dramatic reduction in whale holdings—from 8.3 billion to 7.7 billion XRP—signals eroding confidence among the asset's traditional supporters.
Santiment data reveals a seven-month high in age-consumed metrics, indicating long-term holders are actively liquidating positions. These stakeholders typically provide market stability; their exodus suggests weakening conviction in XRP's upside potential.
The cryptocurrency currently tests the $2.24 resistance level, but sustaining momentum grows increasingly difficult amid persistent selling pressure. Market observers note this whale activity often precedes extended consolidation periods.
