Ripple SEC Update: XRP Approaches Banking License And Confronts Key Base level Examination
The transformation of Web3 banking has commenced. XRP is seeking to obtain a banking license as per the latest Ripple SEC updates. So, is it wise to sell my house to invest more in XRP? The short answer: NO, though the price is currently at a pivotal point.
After a brief surge to $2.32, XRP has retreated to the $2.25 zone. Price movements are narrowing along the lower Bollinger Band, indicating a compression of volatility.
This is usually a sign of an impending major shift, and at this moment, the inclination appears to be downward. If we’re not going to see a major jump today, when will it occur?
The new bank of the world won’t resemble a building.
It will be represented by code.
It will resonate with silence.
And it will settle using XRP. pic.twitter.com/cK4Mu9yU3p— ᴍᴇʀʟɪɴ ᴛʜᴇ ᴡɪᴢᴀʀᴅ (@MerlinXRP) July 3, 2025
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Death Cross and MACD Increase Pessimistic Sentiment
Ripple Labs is positioning itself for recognition in Wall Street. A filing dated July 2 with the U.S. Office of the Comptroller of the Currency aims for a national bank charter, enabling Ripple to function as a federally regulated trust bank.
If granted, this could put XRP in the mix for institutional-level applications, ranging from international payments to the development of stablecoin frameworks.
Analysts at 99Bitcoins view this initiative as a tactical maneuver around the slow progress of crypto regulations, potentially clearing a way for Ripple to achieve access to a Federal master account and an eventual XRP spot ETF.
In summary: folks, this is merely the beginning for us. Long term, it could lead to a robust integration between traditional finance and DeFi for XRP, enhancing liquidity management and expanding the token’s applications.
On the flip side, technical metrics aren’t helping XRP optimistic sentiments. A “death cross” has recently materialized on the daily chart, with the 20-day moving average crossing below the 200-day. Historically, this is a bearish indicator, often succeeded by continued declines.
Simultaneously, the MACD has turned negative, crossing below the signal line.
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Head and Shoulders Pattern Indicates Breakdown Risk
Compounding the short-term pessimistic scenario, XRP is showcasing a head-and-shoulders formation on the daily chart. Should $2.23 falter, the next target could be $2.20 or even lower, with $2.15 ready to step in. Trading volume has also diminished since the previous rally.
Shorter timeframes display a similar trend. XRP has been stuck between $2.25 and $2.35 for several hours. A quick rebound from $2.26 was halted by price ceiling, indicating that the bulls might be losing their drive.
XRP pump has NOT ended
it’s merely taking a pause, there’s a distinction
— danny (@defiphvntom) July 7, 2025
Despite the recent downturn, the overarching trend still supports optimistic perspectives. The daily chart reflects a succession of rising lows since XRP hit its bottom at $1.908, and the 10 to 100-day EMAs continue to signal buying opportunities. However, the 200-day SMA now stands above the current price at $2.36, restricting any further upsurge.
XRP at a Crossroads: $2.25 or Decline
XRP is attempting to rise from its $1.90 low, establishing higher lows and holding onto buying signals from short and mid-term EMAs. Yet the 200-day simple moving average, currently at $2.36, remains steadfast.
If base level at $2.25 gives way decisively, the structure risks unraveling toward $2.20 or less. Conversely, a rebound accompanied by volume could revive momentum and lead to another examination of the $2.35–$2.40 range.
Traders need to monitor $2.25 closely as it’s pivotal for the upcoming proceedings.
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Key Insights
- XRP is pursuing a banking license following the latest developments in Ripple SEC update.
- Despite recent struggles, the prevailing trend still favors the bulls, as the daily chart exhibits a series of higher lows since XRP hit its low
The article Ripple SEC News: XRP Approaches Banking License and Confronts Critical Base level Challenge originally appeared on 99Bitcoins.
