XRP Price Analysis: Traders Eye $10 As Ripple's US Bank Application Bolsters Market Optimism
XRP Traders Predict $10 As Ripple's US Bank Application Boosts Market Optimism
Ripple token declines after intraday selloff despite growing optimism around US banking license, ETF potential
By Shaurya Malwa, CD Analytics Updated July 5, 2025, 5:29 AM Published July 5, 2025, 5:29 AM
Key points:
- XRP is showing signs of consolidation, falling 1.07% amid global economic uncertainty, while holding onto important support above $2.20.
- Ripple's application for a US banking license and ETF speculation are fueling positive long-term sentiment for XRP despite macroeconomic pressures.
- Experts believe that XRP has the potential to reach $10 with sustained institutional adoption and improved regulatory conditions, as it is increasingly seen as a bridge infrastructure for CBDCs.
XRP has shown signs of consolidation over the past 24 hours, with the cryptocurrency pulling back slightly from recent peaks, losing 1.07% amid ongoing global economic uncertainty.
Despite the decline, price momentum remains positive, with higher lows forming above $2.20, a level that has emerged as key short-term support.
While macroeconomic factors continue to weigh on digital assets overall, XRP's positive structure and growing institutional activity, including Ripple's application for a US banking license and ETF speculation, support long-term bullish sentiment.
Background information
- The cryptocurrency market remains under pressure as geopolitical and trade tensions between major economies continue to undermine investor confidence.
- However, XRP's long-term prospects are supported by Ripple's ongoing efforts to achieve regulatory clarity and deeper financial inclusion.
- The company's recent filing for a national banking license with the OCC and a separate request for a master account with the Federal Reserve could provide direct access to the Fed's payment systems — a significant breakthrough for the cryptocurrency firm.
- Analysts also point to bullish signals with XRP making higher highs and higher lows on various time frames.
- The momentum could accelerate further if Ripple receives approval for an ETF or regulatory breakthroughs occur, especially given that over 50 countries are increasingly looking to XRP as a bridge infrastructure for CBDCs.
- Market participants are discussing the possibility of reaching the $10 mark or even higher, subject to sustained institutional adoption and market stabilization.
Technical analysis
• Over the past 24 hours, from 03:00 on July 4 to 02:00 on July 5, XRP has shown a noticeable downtrend, falling from $2,243 to $2,219, representing a drop of 1.07% in a trading range of $0.052 (2.32%).
