TLDR
- XRP is trading above $3.00 with a market cap of $180 billion, making it the third-largest cryptocurrency by value
- A symmetrical triangle pattern has formed since July, with a breakout above $3.12 potentially targeting $3.38, $3.67, and $3.95
- Ripple has applied for a U.S. banking license from the Office of the Comptroller of the Currency, which could take 5 to 6 months to review
- XRP open interest jumped 4% to $8.9 billion in 24 hours while the RSI at 54 shows room for more upside
- Technical support sits at $2.93 with the 50-day moving average, while the Parabolic SAR provides additional support at $2.74
XRP is trading at $3.01, up 2.07% in the last 24 hours. The cryptocurrency has a market capitalization of almost $180 billion, making it the third-largest by value.
The price has formed a symmetrical triangle pattern since July. This pattern shows converging highs and higher lows.
The recent daily close above $3.00 suggests bullish momentum. Traders are watching for a confirmed breakout.
The 50-day simple moving average sits at $2.93 as a key support level. The 100-day moving average is at $2.63.
A daily close above $3.12 would confirm a breakout. This could push XRP to $3.38, $3.67, and eventually $3.95.
XRP printed a bullish engulfing candle near $2.93 earlier this week. The RSI stands at 54, leaving room for more upside before reaching overbought territory.
Ripple Pursues Federal Banking License
Ripple has applied for a banking license from the U.S. Office of the Comptroller of the Currency. If approved, Ripple would join Kraken and Circle as one of the few crypto companies with federal banking credentials.
šØ BREAKING: Rippleās application for a U.S. banking license from the OCC is now open for public review. š
Let that sink inā¦
RIPPLE IS BECOMING A BANK. š¦The same company the SEC fought for years is now positioning itself as the bank of banks built not on legacy rails, butā¦ pic.twitter.com/WPfON3YBsh
— Pumpius (@pumpius) October 5, 2025
The license would allow Ripple to hold deposits, settle transactions, and offer custody services. XRP would back on-chain liquidity operations.
Social media discussions show growing optimism about the proposed Ripple National Bank. One user estimated the review process may take 5 to 6 months.
XRP open interest surged 4% in 24 hours to $8.9 billion. Weekend spot trading volumes dropped 10.4% to around $5.9 million.
Price Action and Technical Outlook
The price trades near $2.99, above the 20-day Bollinger midpoint at $2.93. The Parabolic SAR baseline provides support at $2.74.
Volume Delta turned positive at +2.7 million. This follows a week of negative divergence.
The upper Bollinger band sits near $3.13. A decisive daily close above $3.15 could confirm a breakout from the two-week consolidation channel.
For traders, the setup involves going long on a confirmed daily close above $3.12. Stop losses should be placed below $2.92.
Failure to hold above the $2.93 support zone could lead to a correction toward $2.74. The tightening structure and increasing volume suggest a major move is approaching.
XRP appeared to underperform Bitcoin and Ethereum on Sunday, which rallied over 3% as Bitcoin set fresh all-time highs. This divergence suggests XRP could see delayed upside momentum as liquidity spills over into large-cap altcoins.
