XRP Price Jumps As Ripple Applies for Banking License, Is $3 Next?

Ripple’s $XRP is once again receiving attention from bullish traders after gaining by 3.75% today, July 3, to trade at $2.27 at press time. The gains follow reports that Ripple is seeking a banking license, which will likely drive $XRP price gains while boosting the adoption of the $RLUSD stablecoin. This development has also raised the question of whether $XRP can realistically bounce by another 32% and reach $3.