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Ripple, the company behind the cryptocurrency XRP, is gaining momentum in the United States. It has now secured crucial licenses in New York and Texas, allowing it to expand its payment services in these states. This positive development is already reflected in XRP’s price movement.
Ripple Continues Its U.S. Expansion
Ripple announced that it has obtained Money Transmitting Licenses (MTLs) in New York and Texas. These licenses enable the company to expand its Ripple Payments service, which facilitates fast, cost-effective, and transparent cross-border transactions between financial institutions.
These licenses are mandatory for any U.S. company engaged in money transmission or value transfer, including cryptocurrencies. Ripple, which connects banks and financial institutions using XRP as a bridge currency, now has the regulatory approval to take its cross-border payment solutions to new heights.
With these newly acquired licenses, Ripple and its subsidiaries now hold over 55 global MTLs, including approvals in 33 U.S. states. These include the New York BitLicense and the Limited Purpose Trust Company Charter. Additionally, Ripple has secured regulatory approvals in Ireland, Singapore, and the United Arab Emirates, as stated on the company’s website.
A New Era for Ripple in a Pro-Crypto U.S. Market
Ripple’s influence in the U.S. is growing, just as the country, under Donald Trump’s leadership, is entering a pro-crypto era.
Ripple has faced significant challenges in recent years, particularly due to the lawsuit filed by the U.S. Securities and Exchange Commission (SEC). However, a turning point now seems to have been reached. The regulatory landscape is shifting, and efforts are being made to finally establish clear rules for the crypto industry.
XRP Price Analysis & Trading Tips
XRP is currently trading at $3.11, consolidating near resistance levels after a strong rally. The price is hovering just below key resistance at $3.20-$3.40, struggling to break higher. Support levels at $2.80 and $2.60 have held well, providing a strong base for the uptrend.
RSI & Momentum:
- The RSI is at 52, showing neutral momentum.
- A move above 60 on the RSI could confirm renewed bullish momentum.
- A drop below 40 would indicate weakening buying pressure.
A breakout above $3.20 would signal a continuation of the bullish trend, likely pushing XRP towards $3.50-$3.70. However, if the resistance holds, XRP could retrace back to the $2.80-$2.60 support zone, where buyers have previously stepped in. Volume confirmation will be key to determining the next move.
Trading Tips:
✅ Long Entry: If XRP breaks above $3.20 with volume, target $3.40-$3.50.
✅ Short Entry: If XRP gets rejected at $3.20, short towards $2.80 support.
✅ Risk Management: Set stop-loss below $3.00 for longs and above $3.25 for shorts.
Breakout watch: If XRP reclaims $3.40, expect an aggressive move towards $3.70+!
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