XRP Price Consolidation Amid Rising Interest in Banking-Focused Altcoins

Source: Coindoo Original Title: XRP Stalls at $2.03 While Digitap ($TAP) Raises $2 Million in Its Early Rounds — Banking Degens Call It the Best Crypto to Buy Before Listings Original Link:

Market Analysis: XRP Faces Resistance While New Banking Solutions Gain Traction

XRP’s recent move from below $2 to $2.18 has given traders a quick profit, but the rally appears to be losing momentum.

Ripple’s XRP token faces stiff resistance just below $2.25, and the complete absence of any buying momentum since the summer months doesn’t bode well for XRP’s near-term outlook.

Shifting Market Dynamics

While XRP consolidates, investor attention is shifting toward banking-focused fintech projects in the crypto space. These emerging platforms are combining traditional banking features with cryptocurrency functionality.

Banking-Focused Solutions in Crypto

While XRP was created to help banks and payment providers move money across borders more efficiently, newer projects are taking a more direct approach to reinventing banking features for everyday users. These platforms offer fintech apps on iOS, Android, and web browsers that let users send, receive, store, save, swap, and invest in both fiat and crypto.

The approach combines traditional banking features, such as money transfers and prepaid payment cards, with cryptocurrency tools. By leveraging the strengths of crypto and fiat on a single platform, these solutions can undercut global remittance companies.

Notably, money remitters charge an average of 6.2% per transaction, while newer cross-border payment solutions power the same transfer for less than 1%.

Some platforms also offer no-KYC options for basic features, lowering barriers to onboarding for anyone worldwide. This addresses a significant gap, as more than 1 billion adults worldwide lack access to any banking features, many living in countries where access to identification is impossible.

Presale Activity and Market Sentiment

Investor enthusiasm for banking-focused crypto projects is evident in recent fundraising milestones. Despite the broader crypto market selloff, these projects have managed to raise substantial capital, reflecting investor appetite for real-world utility.

Tokens in this space have shown significant appreciation during presale phases, with early investors capturing substantial paper gains before exchange listings. The market pricing suggests considerable upside potential between presale prices and expected launch prices.

Deflationary tokenomics—including fixed supplies and profit-sharing buyback mechanisms—are particularly attractive to investors seeking value accrual properties.

XRP’s Technical Outlook

XRP has staged a rebound from below the $2.1 level but failed to pick up enough momentum to break above the $2.18–$2.20 resistance zone. Absent any groundbreaking development or signs of major new adoption, XRP is likely to continue trading in a range.

Buyers have shown willingness to pick up XRP below $2.1, suggesting the token could be range-bound between $1.80 and $2.18 for the near term.

Underlying metrics aren’t overly supportive of XRP’s near-term prospects. Futures open interest has plunged from around $8.5 billion to $3.8 billion, implying speculative appetite has diminished sharply. This drop is a classic sign of cooling trader enthusiasm and lack of conviction in near-term upside potential.

On-chain activity for XRP remains stagnant, with transaction volumes showing no meaningful growth. This stagnation, coupled with XRP’s long-standing complaints of large circulating supply and limited token utility, essentially places a ceiling on its short-term outlook.

Market Shift Toward Utility-Driven Projects

XRP’s struggle to advance past the $2.18–$2.20 level signals difficulty delivering near-term gains to investors. The era of exponential growth for legacy tokens appears to be moderating as market focus shifts toward projects offering tangible real-world utility.

The market’s appetite is prioritizing projects that are easy to understand and can actually be used in practical applications. Banking-focused crypto platforms with live functional apps, payment infrastructure, and addressable markets measured in billions of people are attracting significant investor interest.

This represents a maturation of the crypto market toward solutions addressing genuine financial inclusion challenges and cross-border payment inefficiencies.