XRP’s Pivotal Battle at the $2 Threshold

The digital asset XRP finds itself in a curious predicament. Despite Ripple securing significant regulatory approvals and aggressively expanding its business operations, the token’s market price has failed to reflect these positive developments. Currently trading near $2.04, XRP has shed nearly 15% over the past month, clinging to a crucial support level. This disconnect between strong fundamentals and price stagnation appears largely driven by mounting resistance from the traditional banking sector.

A renewed clash with established financial institutions is emerging as a primary factor behind the subdued price action. This week, Ripple received conditional approval from the Office of the Comptroller of the Currency (OCC) to establish the “Ripple National Trust Bank.” Read more...