XRP Price & Bank Charter Push Dey Test Di Key $2.25 Support
Ripple don file for national bank charter with U.S. Office of the Comptroller of the Currency and CEO Brad Garlinghouse testify before Senate Banking Committee to clarify crypto regulation. Dis bank charter bid fit grant Ripple access to Fed master account and open road for XRP spot ETF, wey go boost institutional adoption.
For charts, XRP price spike reach $2.32 before e slip back to critical $2.25 support level. Technical indicators don turn bearish, with daily death cross, negative MACD and head-and-shoulders pattern dey form. Volume don reduce and 200-day SMA near $2.36 now block upside.
But XRP price don set higher lows since $1.91 bottom and short-term EMAs still dey bullish. Big holders still dey accumulate inside stable market.
Traders suppose watch $2.25 support well. If e break well, e fit push XRP price down to $2.20 or lower, but if e bounce, e fit make price test $2.35–$2.40 range again. Regulatory progress and bank charter approval still be key catalysts for long-term rally.
Neutral
Short-term technical wahala on top XRP dey bearish, wit death cross, negative MACD and head-and-shoulders pattern weh fit make am drop below di $2.25 support. But di medium to long-term tings still strong: Ripple bank charter bid fit secure Fed master account access and open door for XRP spot ETF, plus di ongoing regulatory hearings dey try clear rules and make institutional confidence strong. Dis mixed wahala balance di immediate risk to go down wit di longer-term upside potential, make market outlook remain neutral.