XRP Price Moves into $5 Breakout Range as Community Speculates on Ripple National Bank
The post XRP Price Moves into $5 Breakout Range as Community Speculates on Ripple National Bank appeared on BitcoinEthereumNews.com.
Key Notes XRP price rises above $3 as traders anticipate upside from Ripple’s OCC banking license application. Derivatives data show $8.9 billion open interest, signaling renewed institutional speculation despite weekend liquidity. Chart indicators reveal XRP entering a critical $3.10-$3.15 resistance zone, with potential for a $5 breakout in Q4. . The XRP price moved above $3 on Sunday, October 5, and held steady around its five-day average. Despite a modest 2% rise, XRP appeared to underperform Bitcoin and Ethereum, which rallied over 3% as BTC set fresh all-time highs. This divergence suggests XRP could be primed for delayed upside momentum, as liquidity from Bitcoin’s record-breaking surge spills over into large-cap altcoins. A major narrative driving XRP’s current price rally is Ripple’s ongoing application for a U.S. Office of the Comptroller of the Currency (OCC) banking license. If approved, Ripple would join Kraken and Circle as one of the few crypto-native entities with federal-level banking credentials, granting it direct access to U.S. financial infrastructure. Ripple Banking License Application Sparks Intense Speculation The license would allow Ripple to hold deposits, settle transactions, and offer custody services natively, with XRP backing on-chain liquidity operations. Discussions across social media platforms highlight growing optimism around the proposed Ripple National Bank. One user speculated that such reviews may take 5 to 6 months, placing XRP in good standing for a positive market reaction towards Christmas. OCC typically takes 5-6 months to review if all goes well, which would out approval around December. Merry Christmas to all of us! — The Foild (@TheFoild) October 5, 2025 While official confirmation remains pending, the majority of XRP futures traders appear to be positioning for a positive showing in the week ahead. CoinGlass data shows XRP open interest surged 4% in 24 hours to $8.9 billion, even as weekend spot…
