Ripple’s U.S. bank charter bid boosts XRP’s legitimacy, triggering bullish technical signals and rising trading volume toward a potential breakout.
Ripple’s recent application for a U.S. national bank trust charter with the OCC, combined with a surge in XRP trading activity, signals a potential breakout. The move toward federal oversight has reignited investor optimism, positioning XRP for its next leg higher.
A Strategic Leap into Federal Oversight For XRP
On July 2, CEO Brad Garlinghouse publicly confirmed Ripple’s application for a national bank charter with the OCC—mirroring Circle’s similar bid—as well as a request for a Federal Reserve Master account.
This charter would allow Ripple to manage its stablecoin reserves, provide custody services, and settle transactions directly through Fed payment systems.
With the GENIUS Act advancing in the Senate and the OCC under a more crypto-friendly leadership, experts believe approval is likely. Gaining federal trust marks a major step for Ripple’s credibility and integration into mainstream finance.
Market Response & On‑Chain Data
XRP responded swiftly: trading volume spiked to over $5 billion on July 3—an 86 % increase compared to the previous 24 hours—and the token saw a ~3 % intraday price gain.
Futures open interest rose by roughly 11 % in 24 hours and about 30 % over ten days, reaching approximately $4.75 billion.
Whale accumulation further hints at bullish undercurrents, with large holders reducing sell-offs and boosting on‑chain metrics.
Technical Setup: XRP Eyes on $2.65 Breakout
Technically, XRP is forming a textbook bullish setup. An inverse head-and-shoulders pattern has emerged on the 4‑hour chart, targeting $2.65—some 15 % above current levels—while key moving averages (20‑day EMA at ~$2.19 and 50‑day SMA at ~$2.23) have been convincingly breached.
Analysts interpret the breakout above the $2.33 neckline as a confirmation signal. Additionally, a weekly “pennant” pattern suggests room for a 40 % rally, potentially toward $3.20.
Bottom Line
Ripple’s bid for a national bank charter has triggered regulatory optimism and strong market data—high volume, OI growth, whale interest, and bullish chart formations. With the price holding above pivotal technical levels, the $2.65–$3.20 range becomes a realistic near-term target.
Watch closely for approval signals and sustained momentum: these could be the key to unlocking XRP’s next breakout.
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