XRP Price Surges Amid Ripple’s Regulatory Push & Institutional Backing
2025-07-09 19:23:44
Main Idea
Ripple's application for a U.S. banking charter, the announcement of a USD-backed stablecoin, and CEO Brad Garlinghouse's Senate testimony have boosted investor confidence in XRP, contributing to its recent price appreciation and bullish market trends.
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.
Description
The post XRP Price Surges Amid Ripple’s Regulatory Push & Institutional Backing appeared first on Coinpedia Fintech News XRP price has witnessed a sharp upward movement in recent sessions, driven primarily by a series of impactful developments surrounding Ripple’s broader regulatory and institutional strategy. The recent filing for a U.S. banking license, the announcement of a USD-backed stablecoin supported by a major custody provider, and CEO Brad Garlinghouse’s appearance before the U.S. Sena...
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