XRP on a Historic Rise: Bank Licenses Could Unlock the 10 USD Milestone?

Ripple's decision to apply for a national banking charter in the United States has sparked renewed interest in XRP's activities in the market. This move is seen as a significant step towards deeper involvement with traditional financial institutions. According to RipplePundit, this application could mark a turning point in Ripple's strategy. It shows the intention to create greater regulatory clarity for its services and enhance the use of XRP in the banking sector. Since its announcement, the price of XRP has risen from $2.26 to $2.80, an increase of over 26% in just one week. Trading volume has surged to over $14.8 billion, reflecting growing interest from both individual and institutional investors. XRP maintains a strong support level above $2.15 before breaking through the resistance level of $2.35. This development is seen as an important signal indicating the strength of the short-term trend of the asset. RipplePundit points out strong technical signals supporting this move. The 50-day simple moving average around the $2.25 level has provided stable support during this bullish phase. The Relative Strength Index is currently at 52, indicating that XRP still has room to rise before entering the overbought zone. Technical traders are closely monitoring the possibility of another breakout. The Demand of Institutions and the Accumulation of Whales Push XRP to Higher Targets RipplePundit has highlighted the emergence of a gradual "stair-step" channel on the price chart of XRP. This structure reflects steady growth, supported by accumulation phases and a stable floor price. On-chain data shows an increase in long positions and whale wallet activity. These signals are often associated with increasing confidence from large holders, expecting the next growth momentum. Ripple's request for a banking license may also create new demand for organizations. Financial companies may find XRP more attractive as it operates within the national legal framework. Analysts believe that XRP is on track to retest the previous high of $3.39. If other driving factors such as ETF approval emerge, XRP could advance towards the $10 mark in the medium term. Conclusion Ripple's application for a license has strengthened the market prospects of XRP. Supported by technical assistance and interest from institutions, XRP continues to grow strongly in a volatile financial landscape. $XRP {spot}(XRPUSDT)