XRP has surged past the $2.28 resistance level, gaining 2.36% within a 24-hour period due to heightened trading volume. This rally follows Ripple's July 2 application for a national bank charter with the U.S. Office of the Comptroller of the Currency (OCC), which has bolstered investor confidence and could facilitate greater institutional adoption of XRP for global payments and stablecoin issuance. Trading volume peaked at over 67 million during this upward movement, particularly noticeable at 10:00, when XRP broke through the critical resistance level. The established support range for XRP is now between $2.24 and $2.25, with potential upside targets reaching between $2.60 and $3.40 if momentum is sustained through the next breakout zone at $2.38. Analysts view this development as pivotal in positioning XRP for long-term growth amidst the evolving relationship between cryptocurrency and traditional banking systems.

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