XRP Surges Past $2.30 as Ripple Targets Banking License and Institutional Flow
Legal clarity, volume spike, and tokenization catalysts could propel XRP toward $3.50 and possibly $18+ over the long term | That's TradingNEWS
XRP (XRP-USD) Approaches $2.30 as Legal Clarity, Banking Ambitions, and Technical Breakout Fuel Momentum
Ripple's Regulatory Offensive Clears a Path for Institutional Entry
Ripple’s application for a U.S. national banking license and Fed master account signals a dramatic strategic pivot from defense to expansion. CEO Brad Garlinghouse’s declaration that Ripple now prioritizes building ecosystem infrastructure over litigation marks a defining moment. With the OCC application now public and the RLUSD stablecoin holding $469M in value, Ripple is rebranding itself as a regulated fintech juggernaut. If the Federal Reserve grants master account access, Ripple would join an elite group capable of directly settling USD reserves—a monumental leap for a crypto-native firm.
XRP Trading Volume and Open Interest Surge Amid Bullish Sentiment
The technical structure of XRP-USD reflects an energized bull phase. Price has broken out of a weekly pennant and now trades near $2.27, registering a 7.2% rally off a $2.15 base. Trading volume exploded 93% to $7.31 billion in 24 hours, while Open Interest (OI) climbed to $4.75 billion—an 11% spike in a day and 30% in ten days. Institutional positioning has returned, with the long/short ratio at 68% favoring bulls. These numbers signal growing derivative demand and mirror past price rallies, including the April 2025 move that took XRP from $1.61 to $2.65.
MACD Momentum and RSI Flash Bullish, Yet Overbought Risk Creeps In
MACD has flashed a buy signal since July 1, while the RSI has surged from 35 to 57. This upward RSI trajectory suggests ongoing bullish momentum, but a close watch is required as the index nears 70—often a reversal threshold. A failure to decisively clear $2.30 resistance may trigger a short-term correction to the 100-day EMA at $2.22 or even the 50-day EMA at $2.21, both critical support levels. Volume remains favorable, but overextension signals caution.
Bullish Price Targets Cluster Around $2.80 to $3.50, But Exuberance Spikes
Multiple analysts see the next breakout wave propelling XRP-USD toward $2.80 and eventually $3.20–$3.50. CryptoWzrd noted $2.2550 as a key resistance that has now turned support, calling for $2.80 as the next upside target. World of Charts expects $3.50 in the short term, citing a pennant confirmation. Others, like Maxi, envision a parabolic rally mimicking 2017’s 1,200% moonshot, with targets as high as $30. That scenario implies a $1.6 trillion market cap—currently unrealistic, given Bitcoin is the only crypto asset above that threshold.
XRPL Sidechain and Ethereum dApp Compatibility Expand Use Case
Ripple’s ecosystem is rapidly evolving beyond payment rails. With Peersyst Technologies now deploying Ethereum-compatible dApps via XRPLedger sidechains, XRP is gaining developer relevance. This is critical as Ripple repositions XRP as a Layer 1 settlement solution. The firm’s new partnerships, like OpenPayd, also integrate fiat-to-stablecoin pipelines in EUR and GBP, adding utility to RippleNet.
Tokenization Mega-Trend Fuels Long-Term XRP Valuation Models
The global tokenization thesis is gaining institutional momentum. BlackRock, Fidelity, and Goldman Sachs now run live tokenized asset pilots. If XRP captures just 1% of a projected $100 trillion tokenized economy, its price could land between $18 and $55 depending on settlement velocity. At a 3-day turnover model, a $3 trillion settlement float would imply a $54.54 XRP price. As a reserve asset holding 5% of tokenized value, XRP might reach $90.90. These valuations rest on real-world demand, not speculation.
Legal Clarity and ETF Momentum Unlock Bullish Structural Thesis
Ripple’s dropped appeal signals the SEC saga is nearing its final chapter. With Grayscale’s GDLC ETF conversion approved, and rising buzz around an XRP-based spot ETF, regulatory risk is diminishing fast. The market is already pricing in favorable outcomes. If XRP futures launch on CME, institutional access would surge. Current long/short metrics support this case: 68% long interest and rising OI show trader conviction.
Insider Behavior and Whale Accumulation Add Confidence
While insider sales have not been disclosed in the same way as with equities, on-chain data shows persistent wallet accumulation at the $2.10 to $2.25 range. Whale clusters are building—signaling confidence. This zone also aligns with key moving average support levels, making it a technical stronghold. Historically, such clustering precedes 20–40% price surges.
Risk Factors: Overheated RSI, Overcrowded Longs, Regulatory Delays
Despite the bullish tilt, caution is warranted. The RSI hovering near 70 poses a short-term correction risk. The long/short ratio skew exposes XRP to liquidation-driven volatility if sentiment turns. A delay in ETF approval or rejection of the bank charter application could stall momentum. XRP is also sensitive to broader crypto market weakness, especially Bitcoin and ETH volatility.
BUY/SELL/HOLD VERDICT: BUY — With Caution Below $2.30, Aggressive Above $2.50
XRP (XRP-USD) is executing on multiple bullish catalysts simultaneously: legal clarity, banking infrastructure, tokenization tailwinds, and expanding institutional demand. While RSI and positioning suggest short-term pullback risk, the broader structure supports upside to $3.20 and beyond. Long-term targets tied to global tokenization offer asymmetric upside. Accumulation below $2.30 remains compelling. A break and hold above $2.50 could accelerate the next breakout leg toward $3.50.
Short-Term Rating: BUY (with tight stop at $2.21)
Breakout Trigger: Close above $2.50
Pullback Zone: $2.21 – $2.25
24-Month Target: $8.50 – $18.00
Extreme Upside Scenario: $55+ if tokenization reaches $100T and XRP captures 1%
