Ripple's recent application for a national banking license in the U.S. has brought attention to XRP and its role in the financial sector.
New Banking License Application
Ripple's decision to apply for a national banking license in the U.S. has added a new focus to discussions around XRP's long-term role in the financial sector. According to RipplePundit, this filing increases expectations about the integration of digital assets with traditional financial infrastructures.
XRP Price Stability
RipplePundit noted that XRP's recent trading behavior is showing a consolidation phase supported by resilience. Over the past week, the token has maintained strong support above $2.15, and after testing resistance near $2.35, it finally broke above this level. The asset's ability to stay within this range reinforces expectations of a potential breakout.
Growth Prospects to $10
Charts suggest XRP's current positioning could lead to a retest of its January high of $3.39. If regulatory clarity progresses and a bullish catalyst like a U.S.-based spot XRP ETF is approved, RipplePundit outlines a case for XRP to climb toward the $10 range in the medium term.
Such developments highlight growing institutional interest and confidence in Ripple's long-term vision, although potential short-term price volatility remains.
