XRP is gaining momentum today, edging toward an anticipated 18% climb as traders digest recent developments tied to U.S. tariffs.
📈 XRP Price Tightens, Forms Breakout Setup
XRP recently broke above a key Thursday resistance level near $2.29—a technically solid move that lifted price out of its recent trading band. That breakout coincided with significant growth in both open interest and trading volume, now at roughly $4.5 billion and $7.3 billion, respectively, signaling renewed trader enthusiasm.
🏦 Ripple’s Banking License Push Remains a Catalytic Driver
Further fueling the rally, Ripple has officially applied for a U.S. national banking charter through the OCC. This landmark application would hold Ripple to both federal and New York state regulatory standards, especially in its stablecoin and cross-border payment divisions. With its RLUSD stablecoin (~$469 million in circulation) in play, Ripple is positioning itself for deeper integration into traditional finance.
🔍 Technical Indicators Favor More Upside
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Moving Averages: XRP is holding above its 50- and 100-day EMAs (around $2.21–$2.22), reinforcing short-term bullish momentum.
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MACD & RSI: The MACD is giving fresh buy signals while the RSI hovers around 57—suggesting room for further upside before entering overbought territory.
These indicators align with a potentially bullish bias in the near term from a technical standpoint.
🚨 U.S. Tariff Developments Add to Risk Factors
The broader crypto ecosystem is feeling some pressure due to renewed U.S. tariff tensions. While Bitcoin has dipped amid this macro backdrop, analysts suggest XRP may benefit more if capital rotates into altcoins amid uncertainty in equities.
🔭 What Traders Are Watching
Entering the next few days, key factors to monitor include:
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Sustaining above $2.29–$2.30 – A strong hold above this mark could open a path to $2.65–$2.75.
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Volume confirmation – Breakout moves supported by rising volume may validate the rally.
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Tariff headlines – Shifts in U.S. trade policy could either stoke or stall momentum.
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Ripple charter news – Any regulatory update on its banking license could trigger fresh buying.
🧭 Near-Term Outlook & Price Targets
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Base scenario: A breakout past local resistance could spark a quick rally toward $2.65, with a stretch target near $3.00.
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Upside accelerant: A clean move above $2.33 with volume might propel XRP into the $2.90–$3.40 range.
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Caution zone: A retreat below nearby EMAs ($2.21–$2.22) might drag the price to support levels near $2.20 or even $2.10.
Traders may consider entering small long positions near $2.27–$2.29, using stop-losses beneath $2.21 to manage risk.
📝 Summary
XRP looks technically poised for a bounce, supported by key moving averages, bullish momentum indicators, and Ripple’s ongoing regulatory progress. Overlaying this is the macro backdrop of tariff uncertainty, which may nudge traders toward promising altcoin setups.
If XRP holds above ~$2.29 on rising volume, it could realistically test the $2.65 area soon—and possibly even challenge $3.00 if broader sentiment remains positive. However, a pullback under $2.21 would weaken the case for continuation.
