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XRP news update: Ripple bank license application, chart pattern fuel potential rally to $2.65

The Cointelegraph ​

Cryptocoins News / The Cointelegraph ​ 9 Views

XRP could rally to $2.65 as a bullish trading pattern, and investors’ excitement over Ripple Labs’ US banking license application boosts interest in the altcoin.

Key point:

Ripple Labs’ application for a US banking license has acted as a catalyst for XRP, paving the way for a potential rally to $2.65.

Ripple Labs CEO Brad Garlinghouse said in a post on X that the company “is applying for a national bank charter” from the Office of the Comptroller of the Currency (OCC). 

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