XRP Investors Set Sights on $10 Amid Rising Optimism Over Ripple’s U.S. Banking Ambitions

XRP Pulls Back Slightly Amid Market Caution, But Ripple’s U.S. Banking Ambitions Keep Bullish Outlook Alive

XRP edged lower on Friday, dropping just over 1% as traders responded to ongoing global uncertainties. Still, despite the minor dip, the token continues to hold above key support levels, reflecting strength in its broader uptrend.

The short-term structure remains bullish, with XRP consistently forming higher lows above the $2.20 mark—a level closely watched by traders as it provides a foundation for further upside.

Even with broader market challenges, sentiment around XRP remains upbeat. Ripple’s efforts to deepen regulatory integration—through its application for a U.S. banking license and speculation around an XRP-linked ETF—have helped fuel long-term optimism.

Market Drivers and Context

Global financial markets remain jittery amid persistent geopolitical tensions and economic headwinds.
Ripple’s push for a national banking charter from the OCC and pursuit of a Federal Reserve master account signal a move toward integrating blockchain tech into traditional finance.
These efforts could make Ripple the first crypto-native firm with direct Fed access—an unprecedented development.
Technical analysts highlight XRP’s consistent formation of higher highs and higher lows across timeframes, signaling bullish momentum.
As speculation around an XRP ETF and central bank partnerships grows—particularly with over 50 countries considering XRP for cross-border CBDC use cases—many traders have begun setting their sights on a $10 price target.

XRP Technical Breakdown

Between July 4 at 03:00 and July 5 at 02:00, XRP declined 1.07%, falling from $2.243 to $2.219. The trading range during this period spanned $0.052 (2.32%).
Notable selling occurred during the 07:00 and 14:00 windows, with volumes topping 56 million tokens. Buyers re-entered near $2.209, helping to stabilize prices.
XRP attempted a brief recovery between 21:00 and 22:00, climbing to $2.230 on elevated volume, but momentum quickly faded.
In the final hour of trading, from 01:06 to 02:05 on July 5, the token lost another 0.35%, slipping from $2.225 to $2.217.
A sharp sell-off at 01:12 pushed prices to $2.221, accompanied by strong volume of over 418,000.
Support emerged at $2.216 around 01:29, followed by a quick rebound at 01:59, which saw the largest hourly volume of nearly 249,000 tokens, helping prices recover slightly to $2.219.