The evolution of Web3 banking is starting. XRP is applying to become a bank in the latest Ripple SEC news. So should I sell my house to buy more XRP? Short answer: NO, but the price is at a crucial position.
After briefly spiking to $2.32, XRP has slipped toward the $2.25 range. Price action is tightening along the lower Bollinger Band, indicating a potential for volatility.
While a major move is on the horizon, the sentiment currently leans bearish. If we don’t rally today, when might we?
The world’s new bank won’t look like a building.
It will look like code.
It will sound like silence.
And it will settle in XRP.
— ᴍᴇʀʟɪɴ ᴛʜᴇ ᴡɪᴢᴀʀᴅ (@MerlinXRP) July 3, 2025
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Death Cross and MACD Add Bearish Pressure
Ripple Labs seeks legitimacy on Wall Street as it’s filed a request for a national bank charter that would allow it to function as a federally regulated trust bank.
If approved, it could make XRP eligible for institutional use, expanding from cross-border payments to the potential incorporation into stablecoin infrastructure.
Analysts regard this move as a strategic approach to circumvent slow crypto regulations, paving the way for Ripple to access Fed master accounts and an XRP spot ETF.
Head and Shoulders Pattern Raises Breakdown Risk
If the support at $2.23 breaks, XRP could see further declines towards the $2.20 level or even $2.15. Watching the current support of $2.25 is crucial as pressure mounts on the bullish side.
XRP pump did NOT die
she’s taking a breather, there’s a difference
— danny (@defiphvntom) July 7, 2025
Despite the recent weakness, the broader trend favors bullish moves, given that the daily chart shows a series of higher lows since XRP reached its bottom at $1.908. However, the current 200-day SMA is above at $2.36, limiting potential gains.
XRP on the Edge: $2.25 or Bust
XRP is still recovering from the $1.90 lows, marking higher lows and adhering to buy signals from short to mid-term EMAs. However, the pivotal 200-day SMA sits at $2.36.
A break below $2.25 could signal a bearish trend, while a bounce back with volume could reinvigorate momentum for a possible test in the $2.35–$2.40 range.
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