XRP Bullish Pattern And Bank License Trigger Rally
Summary
Ripple Labs is applying for a national bank charter from the Office of the Comptroller of the Currency, which would subject it to federal and state oversight, enhancing trust in the stablecoin market. XRP recently rebounded off the 20-day EMA and broke above the 50-day SMA, indicating bullish momentum. The XRP/USDT pair could rise to $2.34, facing resistance. A break above $2.34 could lead to a rally toward $2.65, with potential for further gains if surpassed. A bullish inverse head-and-shoulders pattern suggests a target of $2.76 if the neckline is breached. A drop below $2.14 could lead to a decline to $2.07.
