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.