On Wednesday, the XRP rate sharply jumped up from $ 2.17 to $ 2.28, due to which in less than 24 hours, market capitalization increased by $ 6 billion.
The growth was due to the Ripple statement on the official submission of an application for the US National Banking License, as well as the opening of the main account in the federal reserve, which will position the company as an adjustable cryptocurrency bank.
At the moment, the XRP is trading at $ 2.29, adding 2.2% per day, at the same time 24-hour bidding increased by 58.47% to $ 4.63 billion. Token broke to the upper border of its recent price range (from $ 2.08 to $ 2.30) and approaches the key resistance levels.
Technical signals are also positive: on the 4-hour schedule, XRP tries to break through the horizontal resistance of about $ 2.30 with a visible goal of a breakthrough $ 2.55. RSI is located just above 63, which indicates a strong impulse, but not yet outfit. These are potentially bull settings.
Taking into account the regulatory success of the Ripple, the structure of the breakthrough schedule, the growing volume and growing institutional activity, ChatGPT suggests that by July 31, 2025, XRP will most likely be traded between $ 2.48 and $ 2.65, preserving the bull impulse in the absence of adverse macroeconomic news.
The forecast is based on a stable breakthrough of the $ 2.30 resistance zone with a breakthrough to a technical goal of a breakthrough $ 2.55– $ 2.60. However, the inability to break through and stay above $ 2.30 can return the XRP to consolidation in the range of $ 2.08– $ 2.20 for a new breakthrough attempt.
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Source: Cryptocurrency
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