XRP Experiences Significant Surge Driven by Ripple’s Strategic Moves
On Wednesday, XRP witnessed a remarkable upswing, climbing from $2.17 to $2.28, thereby boosting its market capitalization by over $6 billion in less than a day. This dramatic increase was primarily fueled by Ripple’s announcement of applying for a U.S. national banking license with the Office of the Comptroller of the Currency (OCC). Additionally, the company sought a Master Account with the Federal Reserve, potentially establishing Ripple as a regulated crypto-native banking institution.
XRP Price Analysis: A Technical and Strategic Overview
As of the latest update, XRP is trading at $2.29, reflecting a 5.51% daily increase. The 24-hour trading volume escalated by 58.47% to reach $4.63 billion, indicating heightened investor interest. The cryptocurrency is now pushing towards the upper limits of its recent price range, spanning from $2.08 to $2.30. This movement is approaching critical resistance levels, which, if surpassed, could confirm a significant market breakout.
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XRP Technical Signals and Market Momentum
Currently, XRP is attempting to overcome horizontal resistance near $2.30 on the 4-hour chart, with a breakout target set at $2.55. The Relative Strength Index (RSI) is positioned just above 63, suggesting robust momentum without being overbought—an indicator of a potentially favorable market scenario. Beyond technical indicators, market dynamics are also influencing XRP’s trajectory. Nasdaq-listed Webus International announced a $100 million conditional funding agreement with Ripple Strategy Holdings to develop a treasury-backed XRP loyalty and payments program, with a possible $300 million in future funding. This development signifies increasing institutional interest and confidence in XRP.
Furthermore, market analyst Nate Geraci highlighted that Ripple’s pursuit of bank-level access, along with recent SEC crypto ETF rulings, could pave the way for an XRP spot ETF in the future. “The regulatory framework’s readiness could unlock new opportunities,” Geraci noted, although the Grayscale XRP Trust is still pending final approval.
XRP Price Forecast for July 31, 2025
Considering Ripple’s regulatory ambitions, the current price breakout structure, rising trading volumes, and heightened institutional involvement, projections suggest that XRP may trade between $2.48 and $2.65 by July 31, 2025. This forecast assumes the continuation of bullish trends and the absence of any negative macroeconomic developments.
The projected price range is based on XRP maintaining a breakout above the $2.30 resistance level, with targets around $2.55–$2.60. Institutional interest from Ripple-backed projects like Webus, combined with a positive market sentiment around Ripple’s banking application progress or favorable ETF developments, could bolster this trajectory.
However, if XRP fails to break and sustain levels above $2.30, the cryptocurrency might revert to consolidation within the $2.08–$2.20 range before attempting another breakout.
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