XRP Recovery Stalls Below Key Resistance as Ripple Passes 75 Global Licenses

XRP’s short‑term recovery has stalled below a descending resistance trendline, according to market coverage, even as Ripple says it has secured more than 75 regulatory licenses and approvals worldwide ^[1].

Market indicators show XRP relinquished early‑year gains and was trading toward roughly $1.90 in recent coverage, while on‑chain data cited by analysts point to a roughly 57% decline in exchange‑held XRP balances to about 1.5 billion tokens, a development observers link to potential supply tightening ^[6].

Technical analysts and commentators have offered varied upside scenarios: one chart pattern was said to imply a potential move toward $4 if XRP breaks key resistance near $2.10 ^[5], other analysts have published $5 targets tied to on‑chain and market signals ^[6], and some commentary frames a multi‑year comeback that could see XRP challenge traditional stores of value ^[2][3].

Policy and licensing developments remain a focus for investors: industry figures have highlighted the Clarity Act and the possibility of a Ripple banking license as two milestones to watch, alongside the company’s expanding roster of global approvals ^[4][1].

In sum, Ripple’s growing regulatory reach coincides with mixed technical and on‑chain signals; the token’s recovery will likely depend on breaking the noted descending resistance and on broader market dynamics ^[1][6].