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

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.