XRP Slips After Intraday Selling Despite Optimism Around U.S. Banking License and ETF Prospects

XRP saw mild consolidation over the past 24 hours, easing slightly from recent highs with a 1.07% decline, as global economic uncertainties continue to cast a shadow over the broader crypto market.

Despite the pullback, the price structure remains positive, with higher lows consistently forming above the $2.20 mark—a critical short-term support level keeping bullish hopes intact.

While macroeconomic headwinds persist for digital assets overall, XRP’s underlying trend remains constructive. Optimism is fueled by Ripple’s regulatory ambitions, including its U.S. banking license application and speculation around a potential XRP-focused ETF. These developments are helping sustain longer-term market confidence.

---

News Context

• The crypto market remains unsettled amid ongoing geopolitical tensions and global trade uncertainties that continue to weigh on investor sentiment.
• XRP’s long-term narrative, however, is strengthened by Ripple’s efforts to achieve regulatory clarity and deeper ties with the traditional financial system.
• Ripple recently applied for a U.S. national banking charter through the Office of the Comptroller of the Currency (OCC) and is pursuing a Federal Reserve master account. These steps could grant direct access to Fed payment rails—a groundbreaking move for a crypto-native company.
• Technical analysts note XRP’s sustained pattern of higher highs and higher lows across various timeframes, signaling a solid bullish structure.
• Positive momentum could gain further traction if Ripple secures ETF approval or regulatory breakthroughs, especially as XRP is being considered as a bridge currency for central bank digital currencies (CBDCs) by over 50 nations.
• Analysts and traders increasingly discuss the possibility of XRP rallying to $10 or beyond, dependent on continued institutional interest and favorable market conditions.

---

Technical Analysis

• Over the past 24 hours (from July 4 at 03:00 to July 5 at 02:00), XRP fell from $2.243 to $2.219, representing a 1.07% decline, trading within a $0.052 range (2.32%).
• Significant selling pressure emerged during the 07:00 and 14:00 hours, with trading volumes exceeding 56 million units. Buyers stepped in to establish firm support around $2.209.
• A brief recovery attempt occurred between 21:00 and 22:00, pushing the price to $2.230 on above-average volume. However, momentum quickly faded, indicating persistent bearish undertones.
• In the final hour from 01:06 to 02:05 on July 5, XRP slid another 0.35%, dropping from $2.225 to $2.217.
• A sharp sell-off at 01:12 drove the price down to $2.221 on significant volume exceeding 418,000 units.
• Temporary support was found at $2.216 around 01:29, followed by a rebound attempt at 01:59 that saw the highest volume spike of nearly 249,000 units, lifting the price back to $2.219.

---