XRP Price Nears $5 Breakout Amid Ripple National Bank Speculation

XRP's price moved above $3, showing a modest 2% rise, underperforming Bitcoin and Ethereum, which both increased by over 3%.
The rally in XRP is partly driven by Ripple's ongoing application for a U.S. OCC banking license.
If approved, Ripple would gain federal-level banking credentials, allowing it to hold deposits and offer custody services with XRP backing on-chain liquidity.
XRP open interest increased by 4% to $8.9 billion, while spot trading volumes dropped by 10.4% to around $5.9 million.
Bullish technical indicators suggest potential for XRP to reach the $5 mark if current support levels hold and favorable regulatory outcomes occur.
The price currently trades near $2.99, above support zones at $2.93 and $2.74.
A close above $3.15 could signal a breakout, targeting $5 if altcoin ETFs receive approval.
Failure to maintain above $2.93 may lead to a short-term correction towards $2.74.