XRP Price Rises Following Ripple Banking Approval – Technical Analysis Shows Consolidation

Ripple Receives Preliminary Banking Approval

Ripple Labs has achieved a significant regulatory milestone. According to CEO Brad Garlinghouse, the company received preliminary approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish Ripple National Trust Bank ^[1]. The RLUSD stablecoin will be subject to both federal oversight and New York State supervision ^[1].

Garlinghouse emphasized that Ripple deliberately seeks to follow the same stringent regulations as traditional financial institutions and firmly rejected criticism from the banking lobby ^[1]. In parallel, Ripple is advancing its application for a national banking charter and access to the Federal Reserve's payment system ^[1].

Strategic Advantages for Payment Processing

Access to the Federal Reserve's payment system would enable Ripple to process dollar transactions directly and become more independent from third-party banks ^[1]. Observers view this as a strategic advantage for global payment processing ^[1]. For XRP, this could strengthen real-world utility and increase long-term confidence ^[1].

Current Price Development

Over the past 24 hours, XRP's price has moved within a range from $2.0482 USD (intraday high) to $1.9692 USD (low of the last 6 4h-candles) ^[1]. The current closing price stands at $2.0363 USD, approximately 2.92 percent above the closing price from 24 hours ago ($1.9785 USD) ^[1]. The market capitalization is approximately $122.866 billion USD ^[1].

Technical Analysis Shows Neutral Trend

The short-term outlook remains neutral with a slight upward bias ^[1]. Key support levels are at $2.0226 USD and $1.9785 USD, with immediate resistance at $2.0482 USD and around $2.0831 USD (upper Bollinger Band) ^[1]. Above that follows the Fibonacci level at $2.1236 USD ^[1].

A sustained breakout above $2.083 USD with volume would activate the bullish scenario, while a break below $1.978 USD would increase short-term volatility ^[1]. The price is trading just above the EMA-20 ($2.0312 USD) and has recently formed a sequence of higher highs and higher lows since the low at $1.9692 USD ^[1].

The 14-period RSI stands at approximately 43.5, trading below the neutral 50 mark ^[1]. The histogram shows slight positive acceleration, indicating diminishing downward pressure and stabilization of momentum ^[1]. The Bollinger Bands width currently measures around $0.1089 USD, indicating moderate but not extreme fluctuations ^[1].

Controversy Over Alleged "Smartest Person in the World"

In parallel, an announcement by YoungHoon Kim caused a stir on social media. Kim, who describes himself as "World's highest IQ record holder by World Memory Championships" with an alleged IQ score of 276, announced: "From now on, I am buying XRP" ^[2].

Reactions on X (formerly Twitter) range from admiration to mockery ^[2]. "I'm literally losing IQ points from this action," writes one user ^[2]. Whether Kim is actually the smartest person in the world remains doubtful ^[2]. The allegedly achieved score is significantly higher than historical figures such as Einstein or Hawking ^[2].

In recent years, the cryptocurrency has gone through many hype cycles and has shown massive returns ^[2]. However, this has often been followed by significant price crashes in which many investors have lost money ^[2].