Daily Crypto Signals: Bitcoin Surges Past $109K, XRP Gains on Ripple’s Banking License Push

Quick overview

Bitcoin BTC/USD approaches all-time highs amid derivatives caution, while XRP XRP/USD rallies 3.2% following Ripple’s application for US banking charter and Federal Reserve master account access.

Crypto Market Developments

This week, the Bitcoin market saw big changes as more institutions started using it and the rules became clearer. Donald Trump’s cryptocurrency investments have apparently made him $620 million richer, showing how digital assets are becoming more popular with the general public. In the meantime, Coinbase, a major exchange, maintained its buying binge in 2025 by buying Liquifi, a token management platform. This was its fourth purchase this year, following the $2.9 billion Deribit deal in May.

Security is still the most important thing, as blockchain security firm SlowMist found five new ways for hackers to attack cryptocurrencies in the second quarter of 2025. Hackers are using more and more advanced psychological manipulation techniques. These assaults have changed from being only on-chain to also using off-chain entry points, such as fraudulent browser extensions, hacked hardware wallets, and social engineering techniques that target how users behave and how they log in.

Bitcoin Rallies to $109,000

Bitcoin went up to above $109,000 on Wednesday, only 2% behind its all-time high. Earlier in the day, it briefly tested the $105,200 support level again. The rise happened at the same time as statistics indicated that the eurozone’s money supply was growing and that the US job market was sluggish, with ADP data showing that private payrolls decreased by 33,000 in June. The eurozone’s broad money supply (M2) grew by 2.7% year-over-year in April, which was the highest level ever. This certainly helped Bitcoin’s bullish momentum, which was in line with the US monetary base’s expansionary path.

Even though Bitcoin is close to record highs, derivatives measures show that traders are being careful and don’t want to go all-in on the positive side. The Bitcoin futures premium stayed below the 5% neutral level on Wednesday. This is part of a pattern that started on June 11, when the indicator last got close to bullish territory. Professional traders don’t seem to be sure if the rally will last, as the 25% delta skew in options markets is at 0%, which means that there are equal risks for price changes in either direction. Demand for cryptocurrencies in China has also dropped drastically. Tether is now 1% cheaper than the official US dollar exchange rate, which is the lowest level since mid-May. This shows that people are less confident in Bitcoin’s recent advances.

XRP Rallies on Ripple’s US Banking License Application

XRP (XRP) went up 3.2% to $2.24 after Ripple Labs said it was applying for a US banking license with the Office of the Comptroller of the Currency (OCC). Brad Garlinghouse, the CEO, said that the company is trying to get a national bank charter. He said that this would set “a new (and unique!) benchmark for trust in the stablecoin market” because the company would be regulated by both the federal and state governments. The New York Department of Financial Services currently oversees Ripple’s RLUSD stablecoin, which adds another level of compliance with the law.

Ripple wants to be a bank more than just getting an OCC license. The business has also applied for a Master Account with the Federal Reserve through its custody service, Standard Custody. Ripple would be able to hold RLUSD reserves directly with the Fed if it got this access. This would make its stablecoin operations safer and more trustworthy. This comes after Circle’s similar application and after the US Senate enacted the GENIUS Act, which sets rules for stablecoin issuers and gives the OCC the job of overseeing larger stablecoin providers. XRP started to rise late on Wednesday, reaching a 24-hour high of $2.27 just before Garlinghouse’s announcement. After that, it cooled down a bit.

Litecoin Buying Opportunity Under $90?

Litecoin LTC/USD has dropped below $90 and is now trading at $87.31. However, some fundamental and on-chain signs imply that the price may soon go back up. The 90-day Spot Cumulative Volume Delta (CVD) turned positive for the first time since December 2024. This means that the market is going back to a “taker buy dominant” period, where people are aggressively buying LTC at the current price levels. This change in how people feel about the market suggests that the recent drop in prices may be a chance to buy more rather than a sign that prices will keep going down.

Bloomberg ETF analysts give a 95% chance that the SEC will approve LTC, SOL, and XRP ETFs by October 2. This adds to the optimistic story. Historical seasonality trends imply a comeback in Q4 because August and September have been LTC’s worst months since 2012, with average negative returns of 6.99% and 5.06%, respectively. But after this downturn, the fourth quarter usually does well, with November historically giving average returns of 94.79%. The way LTC’s price is right now is similar to how it will be in 2024. It has retested a high-conviction daily demand zone that was a base for the breakout in Q4 2024. A prolonged breakout above the downward trendline and the return of the 50-day and 200-day moving averages would be a technical sign that the market would continue to rise until the fourth quarter of 2025.

ABOUT THE AUTHOR See More

Arslan Butt

Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

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