XRP News Today: Ripple's XRP Dips 0.58% Amid U.S. Banking Charter Push

XRP, the cryptocurrency associated with Ripple, is currently trading at $2.22, experiencing a minor dip of 0.58% over the past 24 hours. Despite this slight decline, the XRP/USD pair continues to hold above the critical support level of $2.20. This stability is bolstered by Ripple's aggressive push into traditional finance, as the company has recently filed for a U.S. national banking charter with the Office of the Comptroller of the Currency (OCC) and is seeking a Federal Reserve master account. If successful, these moves could integrate Ripple directly into the U.S. payments infrastructure, a significant development for a crypto-native entity. This news has revived optimism among traders, who are now eyeing a potential long-term surge to $10.

Institutional sentiment towards XRP is improving, driven by several factors. These include ongoing speculation about an XRP ETF filing, Ripple’s central bank digital currency (CBDC) partnerships across more than 50 countries, and broader adoption in cross-border payments infrastructure. These indicators are reinforcing a solid fundamental backdrop for XRP, even as the broader cryptocurrency market remains in a state of cautious consolidation.

Ripple’s demand among institutions is growing despite macroeconomic uncertainty. The company’s continued engagement with regulators, including its pro-CBDC positioning, has made XRP a top contender for ETF consideration. Traders and analysts point to a scenario where ETF approval, combined with regulatory clarity and Ripple’s potential U.S. banking license, could propel XRP toward the $10 mark. This level, once thought speculative, is increasingly being discussed in the market. Key factors include the potential banking license granting Ripple direct access to U.S. payment rails, ETF hopes driving retail and institutional inflows, and CBDC activity reinforcing global relevance. While the immediate path to $10 isn’t guaranteed, many view Ripple’s alignment with traditional finance as a catalyst that may gradually close the gap.

From a technical perspective, XRP remains well-supported. The 2-hour chart shows the price respecting a rising trendline from the June 23 low, with the 50-SMA ($2.2281) and 100-SMA ($2.2079) forming a critical support zone. XRP price prediction and its price action have been tightening into a wedge near $2.23, a resistance level that has been tested multiple times but not yet breached. Candlestick formations are neutral to indecisive, including spinning tops, signalling a volatility squeeze. If bulls manage a breakout above $2.2340 on substantial volume, XRP could quickly target $2.2822 and $2.3400. Conversely, a break below $2.20 may invite a pullback toward $2.147 or even $2.084. With Ripple’s institutional alignment deepening and price holding above support, XRP remains one of the most closely watched altcoins in 2025.