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XRP Price Consolidates in Long-Term Wedge as Ripple Pursues U.S. Banking License, July–August Breakout Possible

2025-07-06 02:38:04

XRP Price Consolidates in Long-Term Wedge as Ripple Pursues U.S. Banking License, July–August Breakout Possible

Main Idea

XRP's price is consolidating in a long-term wedge pattern, with a potential breakout expected between July and August 2025, while Ripple's pursuit of a U.S. banking license could enhance its credibility and influence XRP's market perception.

Key Points

1. XRP has been trading within a falling wedge pattern since early 2023, with support near $0.46 and resistance near $0.60, indicating potential for a bullish reversal.

2. Ripple's application for a U.S. banking license with the OCC could improve its regulatory standing and attract new capital inflows, mitigating historical regulatory risks.

3. The projected breakout window for XRP is July–August 2025, with key support levels at $0.4200, $0.3250, and $0.1993 providing stability amid volatility.

4. XRP's current 6th place ranking on CoinMarketCap reflects its investor confidence and potential for upside, especially if the banking license is approved.

5. The convergence of technical patterns and regulatory progress highlights XRP's evolving role in the crypto ecosystem and potential for renewed momentum.

Description

XRP remains in a critical multi-month wedge pattern as Ripple advances its application for a U.S. banking license, signaling potential major price movement in the coming months. The token’s price

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Analysis News Ripple XRP
$XRP
$2.2617
+1.95%

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