TLDR

XRP price rises to $3.07 with a 4.75% increase in just 24 hours.
Ripple announces a $200 million acquisition to boost XRP’s utility.
Ripple’s banking license application is now public, signaling future growth.
Analyst Crypto King predicts a potential 156% rally, aiming for $7.
XRP price could reach $7 if it maintains above the key level of $2.95.

The XRP price surged to $3.07 on August 7, marking a 4.75% increase in 24 hours. This rise follows Ripple’s announcement of a banking license application and a new $200 million acquisition. As Ripple’s position strengthens, an analyst predicts a potential surge to $7 if the XRP price maintains key levels.

Ripple’s New Developments Spark XRP Surge

XRP price experienced a significant uptick after Ripple revealed a $200 million acquisition of Rail. This acquisition is expected to boost XRP’s utility, particularly with the RLUSD stablecoin. Additionally, Ripple’s banking license application, although not directly referencing XRP, indicates ongoing efforts to solidify the company’s position in the financial sector.

Ripple’s push to diversify its offerings aligns with growing institutional interest in XRP. The recent $200 million acquisition deal adds to Ripple’s strategic moves list. As Ripple enhances its operational capabilities, XRP price stands to benefit from heightened demand for its utility in various financial sectors.

The recently made public banking license application adds another layer of optimism to XRP’s future. Although XRP was not explicitly mentioned in the application, it signals Ripple’s commitment to expanding its global footprint. Ripple’s continued push for expansion may prove vital in sustaining XRP price momentum.

Analyst Predicts XRP Price Could Hit $7

Crypto King, a well-known market analyst, suggests XRP price could see a 156% rally, potentially reaching $7. He emphasizes the importance of XRP holding above the $2.95 mark for this forecast to be valid. According to the analyst, the price breakout in July indicates that XRP could be on the verge of a major bull run.

$XRP has been proving its place in the market for a long time.

It stayed in a downtrend from July 2024 to November, but after that, it broke out and gave a strong return of about 585 percent.

The first two quarters of 2025 were again slow, but after the July breakout, $XRP has… pic.twitter.com/r8dqNuHDUp

— Crypto King (@CryptoKing4Ever) August 6, 2025

Crypto King draws parallels between this year’s market conditions and the 2024 performance of XRP. He highlights that the recent rally resembles the breakout seen last year, signaling the start of a larger move. With the downtrend finally breaking, the analyst believes the future is bullish for XRP.

The analyst’s confidence in XRP’s price surge is grounded in technical analysis. The potential for a $7 price target hinges on continued upward momentum and Ripple’s ongoing developments. As XRP price holds above key levels, the possibility of reaching new highs remains a strong expectation.

Ripple’s Banking License Application Faces Resistance

Despite the optimistic outlook, Ripple’s banking license application has encountered some hurdles. Last month, US banks voiced concerns regarding potential risks and the submission’s lack of transparency. These issues have created some uncertainty about the speed at which Ripple can secure regulatory approval.

Nevertheless, Ripple’s persistence in securing the banking license demonstrates its determination to expand its financial services. The company aims to offer more regulated services, which could help increase XRP’s adoption in global markets.

The post Analyst Predicts XRP Price to Reach $7 Amid Ripple’s Growing Plans appeared first on CoinCentral.

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Filed under: News - @ August 7, 2025 5:32 pm