Well, look who’s moving up the ranks! XRP has officially climbed past $3 on Sunday, October 5, and is sticking around its five-day average like a cat lounging in the sun. It’s a modest 2% rise, but let’s not get too excited – Bitcoin and Ethereum are over there doing a 3% moonwalk while Bitcoin hits all-time highs like it’s auditioning for the SpaceX mission. 🚀
So, what’s going on with XRP? It seems like the little altcoin that could is waiting for its turn at the top, just biding its time, soaking up all that Bitcoin liquidity like a sponge at a water park. 🏄♂️
Now, let’s talk about Ripple’s juicy little secret-an application for a U.S. Office of the Comptroller of the Currency (OCC) banking license. If they get this, Ripple’s basically going to join Kraken and Circle, two other crypto big wigs, in the elite club of crypto-native entities with real-deal federal banking credentials. It’s like being invited to the VIP section of a club where all the financial infrastructure hangs out. 🏦✨
Ripple’s OCC Banking License: The Rumors Are Getting Wild
So, what does this OCC license mean? Ripple could officially start holding deposits, settling transactions, and even offer custody services with XRP backing the liquidity operations. I know, it’s like a crypto dream come true! 💭💸
The buzz across social media is getting louder than your aunt’s gossip at Thanksgiving. Everyone’s speculating that the Ripple National Bank is just around the corner. One hopeful user even says the review process could take 5 to 6 months. 🎄 So, buckle up for some Christmas cheer if that happens! 🎅🏼
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 we’re still waiting on that official green light, it seems like most XRP traders are betting on a holiday miracle. CoinGlass is showing XRP open interest has jumped 4% in just 24 hours to a whopping $8.9 billion, despite spot trading volumes taking a little nap over the weekend. 📉
Ripple (XRP) Derivatives Market Analysis, Sunday, October 5, 2025 | Source: Coinglass
If Ripple’s OCC application actually makes some headway, it could be like putting rocket fuel in the altcoin ETF verdicts. We might see XRP climbing toward that sweet $5 breakout range, like it’s trying to crash the party. 🎉💥
XRP Price Forecast: Will It Break $5 if $3 Holds Steady? 😎
According to the technical chart (aka the magic eight ball of crypto), XRP’s showing some solid bullish vibes. Right now, it’s hanging out around $2.99, comfortably above the 20-day Bollinger midpoint at $2.93, and the Parabolic SAR baseline’s got it covered at $2.74 like your favorite cozy blanket. 🛏️
Ripple (XRP) Technical Price Analysis | Source: TradingView
Volume Delta’s turned positive, +2.7 million, which is a big win after a week of negative vibes. Seems like the buyers are back in charge, shaking things up and looking for a breakout. 🔥
The next big challenge for XRP is hitting that $3.13 resistance zone. If it manages to close above $3.15, we could see the price start breaking out of its two-week consolidation like it’s ready to party at the $5 level. But if it slips below $2.93? Uh-oh, watch out for a short-term dip to $2.74, where the Parabolic SAR is like a safety net waiting to catch it. 🏚️
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2025-10-06 00:57