Ripple’s Bank Charter Efforts Spark Rally, Sending XRP Above $2.28

Ripple’s Bank Charter AmbiWith New Purchase of 2,205 BTC, Metaplanet’s Bitcoin Stash Surpasses 15,555tions Push XRP Above $2.28 Amid Surging Trading Activity

Ripple’s bold bid to secure a U.S. national bank charter is injecting fresh energy into XRP’s price action, helping the token break past crucial resistance levels as trading volumes spike.

From 6 July 03:00 to 7 July 02:00, XRP rose 2.36%, moving from $2.21 to $2.26, with hourly trading volumes peaking above 67 million XRP. The rally propelled XRP solidly over the significant $2.28 resistance mark, signaling increased investor interest and accumulation.

Ripple’s move toward becoming a regulated bank has reinforced bullish sentiment around XRP, with strong support visible around the $2.24–$2.25 zone where buyers stepped in during market dips.

Ripple’s Bank Charter Move: The Details

On July 2, Ripple Labs submitted its application to the U.S. Office of the Comptroller of the Currency (OCC), seeking a national bank charter.
Securing this license would allow Ripple to operate as a federally supervised trust bank, bridging the gap between crypto innovation and traditional finance.
Analysts believe regulatory approval could pave the way for broader institutional adoption of XRP, especially in cross-border transactions and stablecoin issuance.
The bank charter news comes as speculation grows about a potential U.S.-listed XRP spot ETF and Ripple’s eligibility for a Fed master account, both seen as catalysts for long-term price growth.

XRP’s Technical Picture

Over the 24-hour period, XRP advanced 2.36%, trading within a range of $0.08 (3.62%) and closing at $2.27.
A decisive surge happened at 10:00, with trading volumes exceeding 67 million XRP, pushing the price through the $2.28 resistance level.
The market found reliable support between $2.24 and $2.25, where significant buying emerged during pullbacks, particularly near 18:00.
In the last hour of trading (7 July 01:05–02:04), XRP added another 2.29%, climbing past $2.26 and hitting a local high at $2.27.
Notable buying activity was seen during the bursts around 01:30 and 02:01, highlighting robust demand.
Immediate resistance is now identified around $2.29–$2.30, with potential targets between $2.60 and $3.40 if XRP sustains its upward momentum and breaks through $2.38.