XRP Price & Bank Charter Push Tests Key $2.25 Support
Ripple filed for a national bank charter with the U.S. Office of the Comptroller of the Currency and CEO Brad Garlinghouse testified before the Senate Banking Committee to clarify crypto regulation. This bank charter bid could grant Ripple Fed master account access and pave the way for an XRP spot ETF, boosting institutional adoption.
On the charts, XRP price spiked to $2.32 before slipping back to a critical $2.25 support level. Technical indicators have turned bearish, with a daily death cross, negative MACD and a head-and-shoulders pattern forming. Volume has contracted and the 200-day SMA near $2.36 now caps upside.
However, XRP price has set higher lows since the $1.91 bottom and short-term EMAs remain bullish. Large holders continue accumulating amid a stable market.
Traders should watch the $2.25 support closely. A decisive break could drive XRP price down toward $2.20 or lower, while a rebound may trigger a retest of the $2.35–$2.40 range. Regulatory progress and bank charter approval remain key catalysts for a longer-term rally.
Neutral
Short-term technical signals on XRP are bearish, with a death cross, negative MACD and head-and-shoulders pattern threatening a break below the $2.25 support. However, medium- to long-term catalysts remain strong: Ripple’s bank charter bid could secure Fed master account access and open the door to an XRP spot ETF, while ongoing regulatory hearings aim to clarify rules and boost institutional confidence. These mixed factors balance immediate downside risk against longer-term upside potential, resulting in a neutral market outlook.