XRP’s Regulatory Clarity and Banking Ambitions Fuel Surge Past $2.28
XRP has recently surged past the $2.28 resistance level, driven by Ripple's pursuit of a U.S. banking license and growing institutional confidence. The cryptocurrency saw a 2.36% rally over 24 hours, peaking at $2.29 before stabilizing above the $2.24 support level. This upward momentum is attributed to Ripple's application for a national trust bank charter with the Office of the Comptroller of the Currency (OCC), which has positioned XRP as a standout altcoin with regulatory clarity and significant adoption potential. As of July 26, 2025, XRP continues to attract attention as a promising digital asset in the evolving financial landscape.
XRP Surges Past $2.28 Amid Ripple's Banking Charter Ambitions
XRP broke through the $2.28 resistance level with significant trading volume, fueled by Ripple's pursuit of a U.S. banking license. The cryptocurrency rallied 2.36% over 24 hours, peaking at $2.29 before consolidating above $2.24 support. A national trust bank charter application with the OCC has bolstered institutional confidence, positioning XRP as a rare altcoin with regulatory clarity and growing adoption prospects.
Trading volume spiked to over 67 million units during the breakout, with key technical support now established at $2.24–$2.25. The $2.28–$2.29 zone has emerged as immediate resistance—a breach could trigger further upside toward $2.38. Market participants are watching Ripple's regulatory progress as a potential catalyst for sustained momentum.
Robinhood's OpenAI Token Structure Draws Scrutiny Amid SPV Model Questions
Robinhood Markets Inc. clarified its controversial OpenAI-linked tokens don't represent direct equity, but rather exposure through a special purpose vehicle holding company shares. CEO Vlad Tenev defended the structure during a CNBC interview, arguing retail access matters more than technical equity classification. The disclosure follows OpenAI's public warning that Robinhood lacks authorization for equity transfers.
The brokerage joins a growing list of platforms using SPVs to offer pre-IPO exposure, though the model faces renewed scrutiny. Linqto's recent bankruptcy filing revealed counterparty risks, with Ripple Labs Inc. confirming it halted secondary market approvals through the platform last year. XRP investors now face uncertainty about their underlying asset claims.
Ripple CEO Brad Garlinghouse Outlines Regulatory Demands as XRP Lawsuit Nears Resolution
Ripple's protracted legal battle with the U.S. SEC appears to be reaching its conclusion, with the company having dropped its cross-appeal. Market participants now await the SEC's potential withdrawal of its appeal, which could resolve the case within weeks.
CEO Brad Garlinghouse presented Ripple's regulatory framework before the Senate, emphasizing the need for rules that balance consumer protection with innovation. His testimony highlighted how regulatory uncertainty has driven crypto businesses offshore, citing Ripple's own experience as the first major U.S. crypto firm sued by the SEC.
The company maintains its compliance-focused approach, holding over 60 licenses globally. Garlinghouse's vision of an "Internet of Value"—where money moves as seamlessly as information—remains central to Ripple's decade-long mission.
Ripple CEO Advocates for Clear U.S. Crypto Regulations Following XRP Legal Victory
Ripple CEO Brad Garlinghouse has submitted his full testimony ahead of a critical U.S. Senate Banking Committee hearing on July 9, marking a pivotal moment in the push for transparent cryptocurrency regulations. The MOVE comes in the wake of Ripple's landmark court victory, which ruled that XRP is not a security—a decision Garlinghouse hailed as a "game changer" for the industry.
The four-year legal battle with the SEC has set a precedent for other crypto firms facing similar regulatory challenges. "Ripple was the first major U.S. crypto firm sued by the SEC," Garlinghouse noted. "A loss WOULD have crippled the industry. We fought hard and won."
Garlinghouse urged lawmakers to pass the CLARITY Act, legislation designed to provide clear legal definitions for digital assets. He emphasized the U.S.'s potential to lead global crypto innovation, citing its talent pool, capital markets, and the growing adoption of cryptocurrencies—with over 55 million Americans now using digital assets in a $3.4 trillion global market.
The SEC has shown increased openness to crypto under the current administration, particularly after the resolution of the XRP case. Transparent guidelines, Garlinghouse argued, would foster innovation, protect consumers, and strengthen the economy.
SEC’s July 10 Meeting Sparks Speculation on Ripple Lawsuit Outcome
The U.S. Securities and Exchange Commission has scheduled a closed-door meeting for July 10, fueling speculation about a potential resolution in the long-running legal battle with Ripple Labs. The agenda's mention of "enforcement matters" has led to cautious Optimism that the SEC may drop its appeal against Ripple, a move that could provide clarity on XRP's regulatory status.
Market participants are weighing the implications of a possible settlement. XRP's price could see significant volatility depending on the outcome, given the years of uncertainty surrounding its classification. Legal experts remain divided, with some noting the routine nature of such SEC meetings while others point to the technical possibility of a weekend decision.
The crypto community continues to monitor developments closely, with some observers suggesting a Ripple resolution could coincide with broader shifts in digital asset regulation. The outcome may set important precedents for how regulators approach cryptocurrency enforcement actions moving forward.
XRP Surges on Banking Charter Speculation as Volume Spikes
XRP broke through key resistance at $2.28 with a 111% volume surge to $10.28 billion after Ripple filed for a national trust bank charter. The regulatory move signals deeper financial system integration, propelling the token to a daily high of $2.29 before settling at $2.26.
Technical patterns confirm bullish momentum as XRP completes an inverted head-and-shoulders formation. Negative funding rates of -0.004% reveal short-sellers struggling against the rally, while open interest climbed 6.82% to $5.02 billion.
