Ripple’s Bank License Quest: Is XRP Headed for the Moon? 🚀

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Key point:

  • Ripple Labs, in their infinite wisdom, has applied for a US banking license. Could this be the spark that sends XRP soaring to $2.65? We shall see.

Brad Garlinghouse, the man with the plan (and the CEO of Ripple Labs), announced on X (formerly known as Twitter, because of course it’s X now) that Ripple is “applying for a national bank charter” from the Office of the Comptroller of the Currency (OCC). Yes, they’re going all in. If approved, this will subject Ripple to the lovely oversight of both federal and state authorities. You know, just a little extra supervision for fun. Garlinghouse claims this will establish a “new (and oh-so-unique!) benchmark for trust in the stablecoin market.” We can only hope.

So, the question is: Can XRP benefit from this thrilling development and break through its ceiling of resistance? Let’s take a look at the charts and put on our best detective hats. 🕵️‍♂️

XRP price prediction

On Wednesday, XRP did a little hop and a skip off the 20-day exponential moving average ($2.19), then decided to leap above the 50-day simple moving average ($2.23). Clearly, the bulls are attempting to take the reins.

Now, brace yourselves for this: The XRP/USDT pair might just cruise up to the $2.34 mark, where it will undoubtedly meet a strong resistance, as if the price were facing a brick wall made entirely of skeptics. If it dares to dip below $2.34 and slide beneath the 20-day EMA, then we might be looking at a classic bear market shindig, with the pair stuck in the $2.34 to $2.00 range for a while. Classic!

But wait, there’s a twist! If the price decides to push past that $2.34 wall, we could be looking at a thrilling ride to the $2.65 mark. Yes, you heard that right, $2.65! But let’s not get too ahead of ourselves. Sellers will be lurking like sharks in the water, ready to pounce. If they’re beaten back, we could be heading towards $3, and that’s when the real fun starts. 😏

The chart seems to be whispering sweet nothings, as it’s formed a bullish inverse head-and-shoulders pattern (quite the mouthful, eh?). A break above the neckline could send the price skyrocketing to $2.42, and if that happens, the pattern target of $2.76 might just be within reach. Hold on tight, folks.

But, of course, nothing’s ever that simple. If the price turns down from the neckline and dips below $2.14, we might just have to kiss this bull market goodbye for now. The risk of a drop to $2.07 looms like a dark cloud over our dreams of $3.

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2025-07-03 21:57