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The XRP price rose 2% in the past 24 hours to trade at $2.25 as of 12:28 a.m. EST with a 33% rise in trading volume to $3.6 billion.
This comes after Ripple Labs applied for a banking license with the US national bank regulator, the Office of the Comptroller of the Currency (OCC), according to Ripple CEO Brad Garlinghouse.
True to our long-standing compliance roots, @Ripple is applying for a national bank charter from the OCC. If approved, we would have both state (via NYDFS) and federal oversight, a new (and unique!) benchmark for trust in the stablecoin market.
Earlier in the week via… https://t.co/IdiR7x3eWZ
— Brad Garlinghouse (@bgarlinghouse) July 2, 2025
The move by Ripple comes as the digital space rushes towards legitimacy. Their decision came just days after Circle, the issuer of the USDC stablecoin, applied to the OCC to create a national trust bank that would oversee its stablecoin reserves.
As Ripple moves towards legitimization, can its native XRP token soar to its all-time high (ATH), which is 33% away from current levels?
XRP Price Breakout Signals A Continued Rally
The XRP price on the 3-day chart has formed a well-defined falling wedge pattern, a bullish formation that signals a potential breakout to the upside.
The wedge began forming after a strong rally to its ATH, marked by points A to B, and has since narrowed toward its apex near point D, as data from GeckoTerminal shows.
XRP price action has recently broken out above the wedge’s upper resistance line, suggesting a reversal of the prior downtrend.
This breakout aligns with a bounce towards the 50 Simple Moving Average (SMA) on the 3-day chart ($2.26), strengthening the bullish case. The 200 SMA remains well below current levels, reinforcing a longer-term uptrend structure.
Meanwhile, the Relative Strength Index (RSI) is hovering around 51.49, a neutral level indicating that XRP is neither overbought nor oversold. This leaves enough room for momentum to build in either direction. However, the momentum favors an upside after a period of consolidation and breakout from the wedge.
Moreover, the Moving Average Convergence Divergence (MACD) is beginning to turn bullish, with the blue MACD line attempting to cross above the orange signal line. Though still early, this potential crossover is often seen as a precursor to increased bullish momentum.
Ripple Token Price Prediction
With a clean breakout from the falling wedge and confirmation from major moving averages and indicators, XRP appears poised for a potential move toward the $2.70–$2.75 range, representing approximately 20% upside from the breakout level.
Several key factors could further drive XRP’s price upward, including favorable developments in Ripple’s case against the SEC and the broader push toward regulatory legitimacy. If this keeps pushing the XRP price up, the Ripple token could soar to its ATH at $3.4, a 33% surge from the current level.
Conversely, if the bears take charge of the price here, XRP could drop back on the lower boundary of the falling wedge, with the $1.87 level acting as a cushion against downward pressure.
In the meantime, investors are rotating funds into Best Wallet (BEST), which popular YouTube channel 99Bitcoins, with over 723K subscribers, says is one of the cryptos that could potentially soar 100X after launch.
Best Wallet Presale Raises $13.6 Million – Buy And Stake For 101% APY
Best Wallet is a non-custodial, multi-chain wallet supporting 60+ blockchains like Ethereum, Binance Smart Chain, and Polygon.
It combines a built-in DEX, staking platform, and token launchpad, enabling users to manage, trade, and grow their crypto seamlessly.
Importing wallets from other Web3 platforms is effortless, and security is top-notch, with private keys stored locally, not on vulnerable servers.
Still in the early stages of its presale, the project has already raised over $13.67 million and is quickly hurtling towards $14 million.
Moreover, Best Wallet is now WalletConnect Certified, officially joining other leading wallets at the forefront of changing the on-chain standard of faster connections, smoother sign-ins, and a better experience for every user.
The “Upcoming Tokens” feature is a standout and has already spotlighted high-potential presales like Pepe Unchained (PEPU) and Catslap (SLAP), which delivered massive returns for early adopters.
What’s more, BEST holders enjoy perks like reduced fees, an up to 101% staking APY, governance rights, and priority access to new projects.
Priced at $0.025275, BEST is available via the project’s official website using crypto or bank cards. But the price will rise in about 35 hours, so investors will want to hurry to lock in the best presale deal.
Check out BEST on its official website.
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