“The ripple-reaced token slips afterrady Sell-Off Despite Growing Optimism AROUND US BANKING LICENSE AND ETF PETENTIAL”, – WRITE: www.coindesk.com
(Coindesk Data)
- XRP HAS SHOWN SIGNS OF CONSOLIDATION, PULLING BACK 1.07% AMID GLOBAL ECONOMIC UNCERTAINTY WHILE MAINTAINING KEY SUPPORT ABOVE $ 2.20.
- Ripple’s Application for a US Bank License and Etf Speculation Are Bolstering Xrp’s Long-Term Sentiment Despite Macroeconomic Pressures.
- Analysts Suggest Xrp Could Reach $ 10 with Sustaned Institutional Adoptation and Regulatory Advansements, As It Is IncreASIling CONSIDERED FOR CBDC Bridge InfrastRUCTURE.
Despite the Dip, Price Action Remains Constructive with Higher Lows Forming Above $ 2.20-A Level That Has Emerged As Key Short-Term Support.
While Macro Headwinds Continue to Pressure Digital Assets Broadly, Xrp’s Bullish Structure and Rising Institutional Narrative Sentiment intact.
News Background
- The Cryptocurrency Market Remains on Edge As Geopolitic and Trade Tensions Between Majoor Economies Continue to Cloud Investor Confidentnce.
- However, Xrp’s Long-Term Outlook Is Bolstered by Ripple’s Ongoing Push for Regulatory Clarity and Deeper Financial Integration.
- The FIRM RECENT APPLICATION FOR A US National Banking License With The OCC, Alongside A Separate Bid for a Federal Reserve Master Account, Could Unlock Direct Access to The Fed’s Payement. For a Crypto-Native Firm.
- Analysts Also Point to Structural Bullish Signals, With XRP Forming Highher Highs and Higher Lows Across Multiple TimeFrams.
- Momentum Could Further Accelerate if Ripple Secures etf Approval or Regulatory BreakthRUGHS, PARTICULARLY AS XRP IS INCREASINGly Eyed for CBDC Bridge Infrast.
- A Potential Move to $ 10 – or Even Higher – is Being Discussed by Market Observers, CONTINGENT ON Sustaned Institutional Adoption and Market Alignment.
Technical Analysis?
• The Asset Encounted Strong Selling Pressure During the 07:00 and 14:00 Hours, With Volume Spikes Exceeding 56 Million Units, Establishing Key Support at $ 2.209 WHERE BUYERS CONSISTENTIENT.
• A TEMPORARY RECOVY ATCCURRED BETWEEN 21: 00-22: 00 with Price Climbing to $ 2.230 On Above-Average Volume, But The Momentum Failed to Sustain, Suggering Con.
• In the Last 60 minutes from 5 July 01:06 to 02:05, XRP ExperienCed A Notable Decline of 0.35%, Droping from $ 2.225 to $ 2.217.
• A Significant Sell-Off Occurred at 01:12 WHERE PRICE FELL TO $ 2.221 On Volume Exceeding 418,000 UNITS.
• The Asset Found Temporarium Support at $ 2.216 AROUND 01:29 Before Staging A Recovery At 01:59 With The Highest Volume Spike of Nearly
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