XRP Traders Eye $10 as Ripple’s U.S. Banking Bid Builds Market Optimism
2025-07-05 06:27:59
Main Idea
XRP experienced a slight decline amid ongoing market optimism fueled by Ripple's potential U.S. banking license and ETF prospects, with key support levels holding despite sell-offs.
Key Points
1. XRP declined by 1.07% from $2.243 to $2.219 over 24 hours, with a trading range of $0.052 (2.32%).
2. Key support was established at $2.209, where buyers consistently emerged during sell-offs.
3. A temporary recovery attempt occurred between 21:00-22:00, reaching $2.230, but momentum failed to sustain.
4. A significant sell-off at 01:12 dropped the price to $2.221, with temporary support found at $2.216 before a recovery attempt.
5. Market optimism persists due to Ripple's potential U.S. banking license and ETF prospects, despite short-term price fluctuations.
Description
XRP showed signs of consolidation over the past 24 hours as the cryptocurrency pulled back slightly from recent highs, shedding 1.07% amid ongoing global economic uncertainty. Despite the dip, price action remains constructive with higher lows forming above $2.20 — a level that has emerged as key short-term support. While macro headwinds continue to pressure digital assets broadly, XRP’s bullish structure and rising institutional narrative, including Ripple’s U.S. bank license application and ET...
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