XRP News Today: XRP Surges 2.36% as Ripple Seeks National Bank Charter

XRP, the cryptocurrency associated with Ripple, has surged past the $2.28 resistance level, marking a significant bullish movement. This surge is attributed to Ripple's recent application for a national bank charter with the U.S. Office of the Comptroller of the Currency (OCC). The application, submitted on July 2, has reignited investor confidence in XRP, as it could potentially allow Ripple to operate as a federally regulated trust bank. This development is seen as a major step towards deeper integration between the crypto and traditional banking systems.

The bullish momentum in XRP is further supported by technical indicators. From July 6, 03:00 to July 7, 02:00, XRP gained 2.36%, moving from $2.21 to $2.26. The peak hourly trading volume exceeded 67 million, indicating strong buyer interest. The token has shown signs of accumulation, with buyers consistently defending the $2.24–$2.25 support range. This technical setup, combined with the news of Ripple's bank charter application, has reinforced the bullish sentiment around XRP.

Analysts suggest that if Ripple's application for a national bank charter is approved, it could accelerate the institutional adoption of XRP. This is particularly relevant for global payments and stablecoin issuance. The move comes at a time when there is growing anticipation for a U.S.-based XRP spot ETF and Ripple's potential access to a Fed master account, both of which could position the token for longer-term upside.

Looking ahead, the key resistance for XRP is now at $2.29–$2.30. If the momentum continues, there are potential upside targets between $2.60 and $3.40, with the $2.38 breakout zone being a critical level to watch. The uptrend in XRP has been confirmed by volume spikes, particularly in the final hour of the trading period, where the token climbed another 2.29%, breaking the $2.26 resistance and closing at $2.27.