XRP surged this week after Ripple announced plans to pursue a full banking charter, and trading volume increased by 111 percent to a record $10.28 billion. The price even curled over the stubborn $2.28 resistance, touching $2.29 before pulling back and finding fresh support around $2.24-$2.25. That snap upward proves there is genuine interest, but it still lacks the steady push traders want to see before waving at a $5 goal. On the charts, XRP moved above the neckline of an inverted head-and-shoulders pattern, a setup many see as an open door to bigger gains. The problem is that the classical signal has yet to build the momentum needed to clear the even-taller walls looming overhead. Additionally, the funding rate, currently hovering at -0.004 percent, indicates that shorts are effectively paying to hold their positions — a classic sign of market wariness. When this negative mood is paired with XRP’s struggle against key resistance, the case for an explosive rally toward $5 dims.
