- Ripple stays firm after two-week rally, holding 200-bar SMA breakout to approach six-week trendline resistance.
- Ripple’s U.S. bank license bid, looming SEC appeal verdict, and ETF hopes fuel bullish bias.
- Technicals support upside toward $2.60 as long as XRP/USD holds above $2.18.
Ripple (XRP/USD) rises 1.5% intraday to $2.35 during Monday’s U.S. session, extending its two-week uptrend. Backed by strong technical and fundamental drivers, XRP eyes a further move toward the key $2.32 resistance.
Among the major drivers, Ripple Labs’ application for a U.S. national bank charter with the Office of the Comptroller of the Currency (OCC) has caught investor attention. If approved, Ripple could operate as a federally regulated trust bank with potential access to a Federal Reserve master account—setting the stage for long-term bullish momentum.
Also in focus is the legal drama with the U.S. Securities and Exchange Commission (SEC). After Judge Analisa Torres rejected a joint motion for an indicative ruling, Ripple dropped its cross-appeal, increasing pressure on the SEC to vote on withdrawing its appeal under agreed settlement terms. The agency has already voted to lift the injunction on XRP sales to institutional investors and to reduce Ripple’s fine from $125 million to $50 million. If finalized—possibly ahead of the SEC’s July 10 meeting—XRP could gain regulatory clarity, making future institutional sales legally compliant.
This would further validate ongoing speculation around a potential XRP Exchange Traded Fund (ETF) approval. Asset managers including Grayscale, Bitwise, 21Shares, CoinShares, WisdomTree, Canary, and Franklin have submitted applications for a Spot XRP ETF. While the SEC’s final decision is expected by October 17, 2025, TradingView puts the current approval odds at 95%, keeping bulls hopeful.
Adding to the momentum, traders are optimistic ahead of the “Crypto Week” starting July 14. There’s also buzz around Ripple’s 2024 partnership with the Saudi Central Bank, which could pave the way for XRP’s use in oil-related transactions—especially if regulatory clarity and ETF approval align.
Technical Analysis
Apart from the fundamentals, the XRP/USD pair’s late-June breakout of the 200-bar Simple Moving Average (SMA) joins upbeat signals from the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) indicators to keep buyers optimistic.
XRP/USD: Four-Hour chart signals bullish bias
Source: Tradingview
A decisive breakout above the 200-bar SMA, now near $2.1895, alongside bullish MACD signals and a neutral-but-positive RSI, keeps Ripple buyers focused on testing the downward-sloping resistance from May 24, around $2.32.
Further upside, however, depends on key fundamentals discussed above. If confirmed, XRP could extend its rally toward the late-May swing high near $2.4800, followed by the mid-2024 peak at $2.6585.
On the flip side, a break below $2.1895 may trigger a pullback toward the 23.6% Fibonacci retracement of the May–June rally, near $2.0880. A sustained drop below that could expose the June low near $1.9090, and eventually the April yearly low around $1.6100.
Conclusion
Ripple’s outlook remains bullish, driven by major fundamental catalysts like its U.S. bank charter bid, progress in the SEC case, and the potential for XRP ETF approval. These factors fuel strong institutional interest and adoption prospects, especially with global partnerships on the horizon. Technically, XRP’s hold above the 200-bar SMA and supportive momentum indicators reinforce this positive bias, with key resistance near $2.32.
