XRP Surges Past $2.28 Amid Ripple’s Bank Charter Move

XRP is displaying renewed bullish momentum as it surged past a significant resistance level at $2.28, driven by increasing investor enthusiasm toward Ripple‘s efforts to secure a national bank charter. The price move comes with an uptick in trading volume, signaling strong market confidence surrounding Ripple’s deepening integration with traditional financial institutions.

From July 6 at 03:00 to July 7 at 02:00, XRP climbed 2.36% — rising from $2.21 to $2.26. The most notable surge occurred as trading volume topped 67 million in a single hour, pushing the cryptocurrency decisively through the $2.28 barrier. The volume-led breakout is reinforcing positive sentiment and setting the stage for potential continued growth in the near term.

Ripple’s Bank Charter Filing Sparks Investor Optimism

Ripple Labs’ formal application for a national bank charter with the U.S. Office of the Comptroller of the Currency (OCC), filed on July 2, has acted as a catalyst for XRP’s recent strength. If granted, this federal trust bank license would enable Ripple to operate under national banking regulations — a substantial shift toward legitimizing cryptocurrencies in the mainstream banking system.

Industry experts suggest that regulatory approval could unlock greater institutional demand for XRP. This development may enhance Ripple’s infrastructure to support tokenized banking, cross-border remittances, and potentially play a role in stablecoin issuance frameworks. The news also stokes expectations around a potential U.S.-listed XRP spot ETF and Ripple obtaining access to a master account within the Federal Reserve system — moves that would further entrench XRP into core financial operations.

Technical Analysis Indicates Breakout Potential

XRP’s trading behavior over the past 24 hours underscores growing bullish sentiment:

• The asset added 2.36% in value, moving from $2.21 to $2.26 across a trading band of $0.08, equating to a 3.62% range.
• The most significant technical breakout occurred around 10:00, when XRP decisively moved through the $2.28 resistance amid volume exceeding 67 million.
• A solid support zone has established between $2.24 and $2.25 — an area where bullish buyers repeatedly stepped in during brief dips, with strong accumulation noted around 18:00.
• In XRP’s final hour of trading (01:05 to 02:04 on July 7), the token grew another 2.29%, breaching $2.26 and closing at $2.27. The rally gained traction at 01:30 and again at 02:01, supported by sharp volume spikes — this signals resilient buyer interest amid the breakout.
• Looking ahead, traders are eyeing resistance at $2.29–$2.30. Should XRP sustain momentum beyond the $2.38 level, bullish targets range between $2.60 and $3.40, aligning with medium- to long-term projections.

Technical patterns suggest that the market is currently stacking positions in response to Ripple’s expanding regulatory ambitions. The convergence of key macro developments — such as Ripple’s quest for an OCC license and potential financial system integration — bolsters demand for the asset and forms the basis for a sustained move higher.

What’s Next For XRP?

With Ripple’s bank charter application now public and enthusiasm building across both retail and institutional segments, the market is closely watching for the OCC’s decision. If favorable, the move could significantly enhance XRP’s role in tokenized finance, adding a layer of legitimacy that few blockchain platforms currently enjoy.

Related: Expert Advice: Sell XRP If You’re Confused

In tandem, the price action demonstrates that XRP buyers are willing to absorb short-term corrections in anticipation of future gains. As trading activity continues to align with fundamental tailwinds, the pathway for XRP to challenge higher resistance levels becomes increasingly viable.