XRP Breaks $2.28 on Ripple’s U.S. Banking License Push

XRP is gaining bullish traction following Ripple’s pursuit of a national banking license in the U.S., pushing prices above the key $2.28 resistance. This breakout, supported by surging volume, signals strong market conviction and sets the stage for a potential move toward $2.38 and higher targets.

Ripple’s application for a national trust bank charter with the U.S. Office of the Comptroller of the Currency (OCC) has sparked renewed investor confidence. The move reinforces Ripple’s commitment to regulatory compliance and signals deeper integration into the traditional financial system—an encouraging sign for institutional investors. As one of the few altcoins with legal clarity in the U.S., XRP continues to attract increasing institutional interest.

Between July 6 at 03:00 and July 7 at 02:00, XRP climbed 2.36%, rising from $2.21 to $2.26 amid high-conviction buying. Trading volume peaked at over 67 million units during the 10:00 hour, coinciding with the breakout past $2.28. The price printed a daily high of $2.29 before consolidating above the $2.24–$2.25 support zone.

Intraday momentum was strong, with significant volume spikes marking key breakout points at 08:00, 10:00, and 13:00. Bulls defended the $2.24–$2.25 range during an 18:00 dip, establishing it as strong support. A decisive flip of the $2.28–$2.29 resistance could trigger a rally toward $2.38 and further targets between $2.60 and $3.40.

In the final hour of trading, XRP rose from $2.26 to $2.27, with notable surges at 01:30 and 02:01 on sharp volume. Traders are closely watching for a confirmed close above $2.28, while a drop below $2.25 may prompt a retest of the $2.21–$2.22 demand zone. XRP remains one of the most structurally bullish altcoins in today’s regulatory climate.