XRP Price Moves into $5 Breakout Range as Community Speculates on Ripple National Bank

Core Insights - XRP price has recently moved above $3, showing a modest 2% increase, but underperformed compared to Bitcoin and Ethereum, which both rose over 3% [1] - Ripple's application for a U.S. banking license is a significant factor driving XRP's price rally, potentially allowing Ripple to access U.S. financial infrastructure [2] - The anticipated approval of Ripple's banking license could lead to increased bullish momentum for XRP, especially with upcoming altcoin ETF verdicts [5] Price Movement and Technical Analysis - XRP's price is currently around $2.99, above the 20-day Bollinger midpoint of $2.93, with support from the Parabolic SAR at $2.74 [6] - The upper Bollinger band is near $3.13, indicating a key resistance zone, with a decisive close above $3.15 potentially leading to a breakout towards $5 [7] - Volume Delta has turned positive at +2.7 million, suggesting renewed buyer dominance despite lower weekend trading volumes [6] Market Sentiment and Speculation - There is growing optimism on social media regarding Ripple's potential national bank status, with speculation that the review process for the banking license may take 5 to 6 months [3] - XRP futures traders are positioning for a positive market reaction, as indicated by a 4% increase in open interest to $8.9 billion, despite a 10.4% drop in weekend spot trading volumes [4]