Bears Pin XRP at RSI 38, 12% Short of the $1.40 Target

Quick Take Ripple won final U.S. approval for a federal bank charter, yet the XRP price has barely reacted. XRP trades under both its key moving averages, and momentum still favors sellers. Clearing nearby resistance would give buyers their first real opening in weeks. Ripple cleared its last federal hurdle this week to open a trust bank. The win came as spot XRP funds drew little fresh money and the token kept sliding. A banking charter builds the long-term case. Fearful markets set the short-term price. Traders want to know whether buyers can halt the slow bleed before the summer low comes back into play. A Federal Bank Charter Lands While ETF Money Drifts Away Ripple received final U.S. approval on Oct 27 to set up a national trust bank.

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