<ul data-eligibleForWebStory="false">XRP is applying to become a bank in the latest Ripple SEC news.Despite recent weakness, the broader trend still favors the bulls, with higher lows seen since XRP bottomed.Technical indicators signal bearish pressure, including a 'death cross' and a negative MACD.XRP's price is in a crucial position around $2.25, with potential for a breakdown if support at $2.25 is breached.