XRP Surges 1.013% as Institutional Interest and Technical Patterns Fuel Bullish Momentum

XRP's latest price was $2.26, up 1.013% in the last 24 hours. This price movement closely resembles the breakout pattern observed during the 2017 bull run, suggesting a similar trajectory could unfold. Analysts note that the token has successfully bounced off the critical $2.16–$2.18 support zone, a level that historically served as a launchpad for upward momentum. This retest and subsequent hold of support is a positive technical signal, indicating that buyers remain active and confident. The price briefly surged to $2.32 before consolidating near the 0.382 Fibonacci retracement level at $2.22, a common area for price corrections before continuation. This pattern aligns with the classic breakout and retest scenario, often preceding significant rallies.

Technical formations such as the inverted head and shoulders pattern are emerging, which typically signal a reversal from bearish to bullish trends. The Relative Strength Index (RSI) remains in a favorable zone, suggesting that momentum is building without the asset being overbought. If XRP can sustain support above $2.16 and reclaim $2.25 as a new support level, price targets of $2.69 and $3.04 become increasingly attainable. These levels correspond to previous resistance points and Fibonacci extensions, providing logical milestones for traders and investors. The confluence of these indicators strengthens the case for a sustained upward move.

Institutional developments are playing a pivotal role in XRP’s renewed bullish sentiment. The inclusion of XRP in the Grayscale Digital Large Cap Fund (GDLC), which allocates approximately 4.8% to the token, enhances institutional exposure and liquidity. This inclusion, pending SEC approval, marks a significant milestone in legitimizing XRP as a mainstream investment vehicle. Additionally, analysts have highlighted an upcoming deadline for the Bitwise ETF approval by July 31, which could further catalyze price appreciation if granted.

Whale activity has also increased, with large holders accumulating XRP at current levels, reinforcing the technical bullishness. The combination of institutional ETF interest and increased buying pressure from major investors creates a robust foundation for potential price appreciation. Analysts are now closely monitoring the $2.48 level as a short-term target, with a successful breach potentially opening the door to a rally toward $3 and beyond.

Market sentiment around XRP is increasingly positive, driven by both technical and fundamental factors. The convergence of ETF approvals, supportive chart patterns, and strong institutional demand suggests that XRP is well-positioned for a significant upward move. However, traders should remain vigilant for key support levels and monitor volume trends to confirm sustained momentum. The evolving regulatory landscape will also play a crucial role in shaping XRP’s trajectory, making it essential for investors to stay informed about ongoing developments.

Ripple has officially submitted an application for a national bank charter in the United States. CEO Brad Garlinghouse announced the development, stating the firm’s goal to operate under both state and federal oversight. Ripple is also pursuing a Fed Master account via Standard Custody to directly access the Federal Reserve’s payment network and custody RLUSD stablecoin reserves. According to Garlinghouse, this infrastructure will allow Ripple to offer secure and regulatory-compliant services as stablecoins grow in usage. He noted the move could set a new benchmark for trust in the market. The Office of the Comptroller of the Currency confirmed it had received Ripple’s charter application.

The dual application for both a bank charter and Fed access places Ripple among the few crypto-native companies aiming for direct participation in traditional financial systems. Ripple launched its RLUSD stablecoin in October last year. While its market capitalization remains below competitors like Tether and USDC, RLUSD has reached around $470 million in value. Garlinghouse emphasized that the company aims to position RLUSD as a regulated, institution-ready stablecoin with direct Fed backing. This step reflects a wider push among crypto firms to reduce reliance on intermediary banking partners. With access to Fed payment rails, Ripple would gain more control over costs and settlement speeds while presenting a regulated alternative for stablecoin usage in large-scale payments. Garlinghouse said this setup is crucial as institutions begin demanding higher levels of oversight in digital asset infrastructure.

Ripple has submitted a formal application to the Office of the Comptroller of the Currency (OCC) seeking a national bank charter. This significant regulatory move, initiated on July 2nd, 2025, positions the company for potential operation as a federally regulated bank within the United States. Should the application receive approval, it would grant Ripple authorization to issue its RLUSD stablecoin under OCC supervision and comply fully with stringent regulatory frameworks. Ripple CEO Brad Garlinghouse emphasized that successful approval would establish a new benchmark of trust within the stablecoin sector.

Parallel to the national charter pursuit, Ripple's subsidiary, Standard Custody and Trust Company, is actively seeking a Federal Reserve master account. Obtaining these dual regulatory milestones is viewed as a strategic effort to bridge the divide between cryptocurrency operations and traditional financial systems, enhancing institutional trust and service stability. This initiative aligns with a broader industry trend where prominent cryptocurrency firms are pursuing banking licenses to gain direct access to critical financial infrastructure and foster operational resilience.

In a pivotal legal development, the U.S. Securities and Exchange Commission (SEC) formally dismissed its long-running lawsuit against Ripple in 2025. This dismissal concluded a protracted four-year legal dispute concerning XRP, providing the cryptocurrency and its associated ecosystem with substantially greater regulatory certainty.

Market sentiment surrounding XRP's future potential appears notably optimistic among derivatives traders. Trading activity indicates concentrated interest in call options with a $3 strike price, marking it as the most actively traded derivative contract. This focus suggests traders anticipate significant upward movement from current levels. Concurrently, open interest across XRP futures and options markets has registered an approximate 30% increase, with the $3 target being a predominant area of concentration.