XRP News Today: XRP Surges 3.57 as Banking License Hopes and Institutional Interest Drive Momentum

Ripple’s XRP is showing strong bullish momentum, breaking above the $3.05 level amid regulatory developments and institutional interest. According to an analysis, XRP's price surged by 3.57% on the day, supported by a 130.77 million volume spike, indicating increased institutional participation [1]. Technical indicators, including RSI at 53.55 and positive MACD histogram momentum, suggest a favorable environment for further upward movement [1].

Despite the bullish setup, Ripple faces resistance from 42 traditional banks allegedly attempting to block its banking license application [1]. However, the application is publicly available and has sparked discussions about Ripple’s potential to compete with SWIFT in the $150 trillion global payment market. The company’s partnership with BlackRock for real-world asset tokenization adds to the confidence in its long-term positioning [1].

ChatGPT’s analysis of XRP combines technical indicators, regulatory timelines, and market fundamentals to project three potential price scenarios over 90 days. A 45% probability is assigned to a banking license breakthrough, which could drive XRP toward $6.00–$8.00, representing a 95–150% upside from current levels [1]. A 35% probability is assigned to extended consolidation between $2.80–$3.20, allowing technical indicators to stabilize. A 20% probability is attributed to regulatory delays, which could trigger a correction toward $2.60–$2.80 support levels [1].

Social metrics also reflect growing interest in XRP, with AltRank rising to 68 and a positive sentiment score of 81%. Community engagement across 11.94 million total interactions highlights strong social traction [1]. XRP maintains a market cap of $181.77 billion, ranking as the third-largest cryptocurrency, with 59.3% of the maximum token supply currently in circulation [1].

The price is currently trading above all major exponential moving averages (EMAs), with strong support levels at $3.00 and the 20-day EMA at $3.02. Resistance is expected at $3.08–$3.15, with a successful breakout potentially accelerating the asset toward $6.00 as banking license momentum builds [1].

The SEC’s silence on Ripple’s case has created regulatory uncertainty, but legal experts suggest limited time remains for the agency to respond. If the SEC does not act, it could be interpreted as a favorable outcome for Ripple, enabling further institutional adoption [1].

Overall, XRP’s technical strength, regulatory developments, and institutional validation create a compelling case for bullish investors. A decisive breakout above $3.08 is seen as critical for confirming the asset’s next phase of appreciation.

Source: [1] Cryptonews, [https://cryptonews.com/news/chatgpts-xrp-analysis-reveals-bullish-breakout-above-3-05-as-banking-license-drives-3-57-rally/](https://cryptonews.com/news/chatgpts-xrp-analysis-reveals-bullish-breakout-above-3-05-as-banking-license-drives-3-57-rally/)