XRP, the native token of the Ripple network, has seen steady gains this week amid bullish sentiment across the broader crypto market. With a 3.5% increase over two days, XRP is now trading near the critical $2.30 resistance level—marking a pivotal moment for both technical traders and long-term holders.
Ripple gains momentum from banking charter announcement
Ripple Labs made headlines this week by announcing its application for a national banking charter from the U.S. Office of the Comptroller of the Currency (OCC). CEO Brad Garlinghouse described it as a “benchmark for trust in the stablecoin market,” highlighting Ripple’s push into regulated financial services.
Garlinghouse emphasized that the charter, combined with a Fed Master Account application, would allow Ripple to hold reserves directly with the Federal Reserve. This move would significantly enhance the security and transparency of Ripple’s RLUSD stablecoin initiative.
The news was widely interpreted as a signal of Ripple’s long-term commitment to compliance and integration into the traditional banking system—a development that has boosted confidence in XRP’s future utility.
SEC appeal decision looms large
The XRP rally also comes amid mounting speculation that the U.S. Securities and Exchange Commission (SEC) could formally drop its long-running appeal against Ripple. A closed-door SEC meeting on July 3 is expected to include a vote on whether to withdraw its case over Ripple’s programmatic sales of XRP.
Ripple’s decision to abandon its own cross-appeal on June 27 paved the way for a potential resolution. According to legal experts, the SEC must still vote internally and file a motion to officially drop the case, but the process could be expedited.
This legal clarity has been a key driver of XRP’s recent price strength. After years of regulatory uncertainty, the market now sees a path toward finality—boosting investor sentiment and reducing perceived risk.
XRP price analysis: Technical resistance ahead
As of July 3, XRP is trading around $2.2764, closing in on the major resistance level of $2.30. A breakout above this price could unlock further upside, with analysts pointing to the May high of $2.6553 and a 2025 target of $3.3999.
However, XRP has tested the $2.30 level three times since early June without success. If bulls can’t break through, the price could retrace toward the 50-day EMA and key support near $1.93.
Technical Summary:
- Immediate resistance: $2.30
- Near-term target: $2.6553
- Long-term breakout zone: $3.00–$3.40
- Downside risk: Below $2.00 if momentum fails
XRP price today compared to BTC and ETH
While XRP has gained about 3.5% over two days, it has slightly underperformed the broader crypto market. Bitcoin rose 3.4% over the same period, nearing its all-time high of $111,917, and Ethereum surged more than 8%, trading near $2,600.
However, XRP’s fundamentals may now be catching up. Regulatory clarity, combined with Ripple’s expansion into banking, sets XRP apart from purely speculative assets. Its cross-border utility and increasing adoption by financial institutions position it for long-term resilience.
Market drivers behind crypto rally
The broader rally in cryptocurrencies is supported by macroeconomic tailwinds. Eurozone monetary expansion, record M2 money supply, and dovish signals from the U.S. Federal Reserve have injected liquidity into global markets.
Institutional inflows into crypto ETFs—especially Bitcoin spot ETFs—have also reignited bullish sentiment. On July 2, over $407 million flowed into major U.S. BTC ETFs, reversing a recent trend of outflows.
For XRP, the possibility of an XRP-specific ETF in the future adds further fuel to bullish forecasts. Analysts say ETF approval could push the token toward new highs, particularly if it coincides with favorable legal outcomes.
XRP price predictions for 2025 and beyond
Analyst projections vary widely depending on assumptions around regulatory progress and adoption:
- Conservative 2025 target: $4.50–$5.81
- Bullish 2025 target: $8.00–$15.00
- Long-term (2030–2050): $26.50 to as high as $526
CoinPedia’s baseline forecast suggests an average 2025 XRP price near $4.89, driven by continued institutional adoption and Ripple’s expansion into fintech infrastructure.
What’s next for XRP?
Investors should monitor these key catalysts:
- SEC appeal withdrawal: A confirmed dismissal would be a major bullish trigger
- Banking charter decision: Approval by the OCC would cement Ripple’s place in regulated finance
- ETF developments: An XRP ETF application or approval would likely spark major inflows
- Global payment integrations: Growing use of XRP for cross-border settlements could support price growth
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