XRP Surges Past $2.28 Amid Breakout Trading, Targets $2.30 as Ripple Advances Banking Charter Plans

XRP Breaks Above $2.28 as Ripple’s U.S. Banking Ambitions Fuel Bullish Momentum

Ripple’s renewed pursuit of a U.S. banking license has reignited investor optimism, pushing XRP above the critical $2.28 level on heavy volume. The token is now eyeing a potential move toward $2.38 — a breakout point that could open the door to even higher targets.

Catalyst: Ripple’s Charter Ambitions

Ripple’s application for a national trust bank charter with the U.S. Office of the Comptroller of the Currency (OCC) has emerged as a key bullish driver. The effort reflects Ripple’s deeper integration into the regulated financial sector and strengthens the case for institutional adoption of XRP.

With shifting regulatory winds and increased clarity around XRP’s legal status, the asset stands out among altcoins as one of the few with both compliance confidence and growing institutional interest.

Price Performance Overview

XRP climbed 2.36% over the 24-hour period from 6 July 03:00 to 7 July 02:00, advancing from $2.21 to $2.26 on strong buying interest.
Volume spiked significantly around 10:00, surpassing 67 million tokens traded as price surged past the $2.28 resistance level.
The rally peaked at a daily high of $2.29, followed by a minor pullback and consolidation above $2.24–$2.25 support.

Technical Breakdown

The session’s intraday range stretched $0.08 (3.62%), with major breakouts occurring at 08:00, 10:00, and 13:00, each supported by elevated volume.
Bulls successfully defended the $2.24–$2.25 support zone during a dip at 18:00, reaffirming it as a short-term floor.
The $2.28–$2.29 region now poses immediate resistance; clearing it with conviction could set up a run toward the $2.38 breakout level — a key threshold on many traders’ radars.
In the final hour of trading (7 July 01:05–02:04), XRP jumped from $2.26 to $2.27, with notable volume surges at 01:30 and 02:01, suggesting building momentum.

Outlook & Key Levels to Watch

A sustained close above $2.28 with strong volume could pave the way for upside targets at $2.38, and in extension, the $2.60–$3.40 range.
On the downside, a failure to hold the $2.25 level may lead to a retest of the $2.21–$2.22 demand zone.
Given Ripple’s regulatory progress and XRP’s legal clarity, the asset remains structurally bullish and continues to attract attention as one of the most compelling large-cap plays in the current market environment.