XRP exceeds the price adjustment period after reaching its historical maximum (ATH) of $3.65 last week.
Despite this fall, Ripple Labs Cryptocurrency can maintain prices above $3. Integrate the support zones (blue lines) as seen in the next TradingView paragraph.
The fact that $3 served as support is important as it avoids a higher price drop and reflects interest on purchases by investors. Second, if the market causes impulses, it increases the chances of upward bounce.
Possibility of bullish rebound It is explained by the business expansion that Ripple Labs is running.
As Cryptonoticias reported on July 2, the company requested a national banking license. If it is approved, Ripple will always have his Stablecoin RLUSD under the direct supervision of Mint’s Office (OCC) and will increase trust in the assets.
Meanwhile, Ripple joined Ctrl Alt, tokenizing Dubai properties using XRP ledgers, and received support from the local land department. Additionally, he announced that BNY Mellon will become the main custodian of his Stablecoin reserve.
Second, there is no need to lose sight of the fact that the U.S. Securities and Exchange Commission (SEC) is expected to approve XRP Stock Citation Funds (ETFs) in the second semester of 2025.
The launch of these financial products, XRP provides greater visibility among institutional investors Increases the fluidity of the Ripple ecosystem.
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