XRP Price Surges Amid Ripple’s Regulatory Push & Institutional Backing

Key Points

1. Ripple applied for a national banking charter through the U.S. Office of the Comptroller of the Currency (OCC), signaling a move toward regulatory compliance and traditional finance integration.

2. The announcement of a USD-backed stablecoin supported by a major custody provider has further driven XRP's price movement and market optimism.

3. CEO Brad Garlinghouse's Senate testimony reinforced XRP's classification as not a security, enhancing investor confidence amid the settled SEC lawsuit.

4. XRP's technical analysis shows a bullish continuation pattern, with key resistance levels broken and momentum indicators supporting upward trends.

5. Fibonacci extension levels project potential upside targets for XRP at $2.60 and $2.85, with immediate support at $2.25 and $2.05.