rewrite this content using a minimum of 1000 words and keep HTML tags
The evolution of Web3 banking is starting. XRP is applying to become a bank in the latest Ripple SEC news. So should I sell my house to buy more XRP? Short answer: NO, but the price is in a crucial position.
After briefly spiking to $2.32, XRP has slipped toward the $2.25 range. Price action is tightening along the lower Bollinger Band, pointing to volatility compression.
That’s typically a precursor to a major move, and right now, the bias is leaning south. If we won’t moon today, when will we moon then?
The world’s new bank won’t look like a building.It will look like code.It will sound like silence.And it will settle in XRP. pic.twitter.com/cK4Mu9yU3p
— ᴍᴇʀʟɪɴ ᴛʜᴇ ᴡɪᴢᴀʀᴅ (@MerlinXRP) July 3, 2025
DISCOVER: 20+ Next Crypto to Explode in 2025
Death Cross and MACD Add Bearish Pressure
Ripple Labs is making a play for Wall Street legitimacy. A July 2 filing with the U.S. Office of the Comptroller of the Currency seeks a national bank charter that would let Ripple operate as a federally regulated trust bank.
If approved, it puts XRP in the running for institutional-grade use, from cross-border payments to potential stablecoin infrastructure.
99Bitcoins analysts see the move as a strategic end-run around slow-moving crypto regulation, potentially clearing a path for Ripple to secure Fed master account access and an eventual XRP spot ETF.
In short: bros, it’s only just beginning for us. Long-term, it could mean a solid tradfi-defi integration for XRP with more liquidity management and use cases for the token.
Conversely, technical indicators aren’t doing XRP bulls any favors. A “death cross” recently formed on the daily chart, with the 20-day moving average crossing below the 200-day. That’s historically a bearish signal, often followed by extended downside.
At the same time, the MACD has flipped negative, crossing beneath the signal line.
DISCOVER: Best Meme Coin ICOs to Invest in 2025
Head and Shoulders Pattern Raises Breakdown Risk
Adding to the short-term bear case, XRP is flashing a head-and-shoulders pattern on the daily chart. If $2.23 gives out, the next stop could be $2.20 or lower, with $2.15 waiting in the wings. Volume has also dried up since the last rally.
Lower timeframes show more of the same. XRP’s been boxed between $2.25 and $2.35 for hours now. A brief bounce off $2.26 got smothered at resistance, suggesting the bulls may be losing steam.
XRP pump did NOT die
she’s taking a breather, there’s a difference
— danny (@defiphvntom) July 7, 2025
Despite recent weakness, the broader trend still favors the bulls. The daily chart shows a series of higher lows since XRP bottomed at $1.908, and the 10 to 100-day EMAs continue to flash buy signals. However, the 200-day SMA now sits above current price at $2.36, acting as a lid on further upside.
XRP on the Edge: $2.25 or Bust
XRP keeps climbing out of its $1.90 bottom, marking higher lows and clinging to buy signals from short and mid-term EMAs. Yet the 200-day simple moving average, now at $2.36, isn’t budging.
If support at $2.25 breaks with conviction, the structure risks unwinding toward $2.20 or lower. On the other hand, a bounce with volume could reignite momentum and set up another test of the $2.35–$2.40 range.
Traders should watch $2.25 like a hawk because it’s the fulcrum for what happens next.
EXPLORE: Tether CEO Paolo Ardoino Hopes For Net Positive From US Elections, Says Bitcoin Strategic Reserve Is A Great Idea: 99Bitcoins Exclusive
Join The 99Bitcoins News Discord Here For The Latest Market Updates
Key Takeaways
TXRP is applying to become a bank in the latest Ripple SEC news.
Despite recent weakness, the broader trend still favors the bulls. The daily chart shows a series of higher lows since XRP bottomed
Why you can trust 99Bitcoins
Established in 2013, 99Bitcoin’s team members have been crypto experts since Bitcoin’s Early days.
90hr+
Weekly Research
100k+
Monthly readers
50+
Expert contributors
2000+
Crypto Projects Reviewed
Follow 99Bitcoins on your Google News Feed
Get the latest updates, trends, and insights delivered straight to your fingertips. Subscribe now!
Subscribe now 
and include conclusion section that’s entertaining to read. do not include the title. Add a hyperlink to this website [http://defi-daily.com] and label it “DeFi Daily News” for more trending news articles like this
Source link
