XRP is trading near $1.31 after several weeks of weakness, with two developments capturing traders' attention: a TD Sequential buy signal on the three-day chart and final regulatory approval for Ripple to operate a national trust bank. On the morning of October 28, the token changed hands at $1.32, up 1.79% on the day, though intraday readings varied by data source, with daily gains ranging from roughly 0.4% to 1.8%.

TD Sequential Buy Signal Appears on the Three-Day Chart

Crypto analyst Ali Charts said on X that the TD Sequential indicator has flashed a buy signal on XRP's three-day chart. He noted that the three previous instances of the signal were followed by rebounds of 31%, 24%, and 18%. The TD Sequential, an exhaustion-based tool developed by technical analyst Tom DeMark, is widely used to identify potential turning points in price trends. Because such signals flag possible exhaustion of a prevailing trend rather than a confirmed reversal, they are typically read alongside clearly defined support and resistance levels rather than as standalone forecasts.

XRP FLASHES BUY SIGNAL The TD Sequential has flashed a buy signal on the $XRP 3-day chart. The last three similar signals triggered rebounds of 31%, 24%, and 18%. That makes the latest signal worth paying attention to. But everything depends on $1.25. Hold it, and XRP could… pic.twitter.com/fxVx9zzqof

— Ali Charts (@alicharts) October 27, 2026

OCC Grants Ripple a National Trust Bank Charter

Separately, Ripple received final approval from the Office of the Comptroller of the Currency (OCC) for a national trust bank, CEO Brad Garlinghouse announced on X. Garlinghouse said the charter gives Ripple "an even stronger foundation for RLUSD and the institutional products we're building." The OCC, an independent bureau of the U.S. Department of the Treasury, charters and supervises national banks and federal savings associations. A national trust charter is narrower than a full commercial banking license, centering on fiduciary and custody activities rather than deposit-taking — a scope that aligns with the reserve-management and custody roles attached to Ripple's new entity.

🇺🇸BREAKING: The OCC has officially given Ripple final approval for its own national trust bank, which will manage the reserves behind its RLUSD stablecoin. It completes a process that began with the OCC's conditional approval last December. Ripple National Trust Bank will also… pic.twitter.com/G3qzy9Os9w

— Coin Bureau (@coinbureau) October 26, 2026

The newly approved Ripple National Trust Bank will manage the reserves backing RLUSD, the company's dollar-pegged stablecoin. The decision completes a process that began with the OCC's conditional approval last December. The approval could help Ripple link banks with blockchain-based payments and allows the firm to offer custody services to enterprise clients. Reserve management is the mechanism that keeps a stablecoin redeemable at its dollar peg, which is why oversight of that function is often the focal point for institutional users of a stablecoin.

RLUSD carries a market capitalization of $2.5 billion, making it the ninth-largest dollar-pegged stablecoin. Its market cap grew 7% over the past week, a faster pace than its rivals. It is also a distinct asset from XRP: the stablecoin is designed to hold its dollar peg, while XRP trades at market-determined prices.

Ripple still faces hurdles, however. The United States lacks a full legal framework for crypto assets, and the company will have to compete hard for institutional volume. In the absence of comprehensive legislation, individual approvals such as this charter help define what crypto firms can do under existing banking law.

Analysts Point to a Resistance-to-Support Flip

Charting Guy, another market analyst, posted on X that XRP is "flipping resistance to support." His chart suggests the price is holding above a level that had previously capped gains.

$XRP flipping resistance to support higher. pic.twitter.com/j4qB9QmGPD

— Charting Guy (@ChartingGuy) October 27, 2026

What the Charts Show

On the daily chart, XRP trades below all four key moving averages: the 20-day EMA at $1.3419, the 50-day EMA at $1.3607, the 100-day EMA at $1.3335, and the 200-day EMA at $1.3710 — a resistance band spanning roughly $1.33 to $1.37. The MACD histogram reads about -0.0004, and the MACD line remains below its signal line, so no bullish crossover has been confirmed.

On the four-hour chart, a W-shaped pattern has formed. FXEmpire analyst Alejandro Arrieche said a breakout above the pattern's neckline could open the way toward $1.55, and he identified $1.31 as a pivotal level.

CoinGecko data show XRP's daily close fell from $1.37 on October 21 to $1.31 on October 26, a decline of about 4.4%. Trading volume reached roughly $1.98 billion on October 22 before easing to about $996.8 million by October 26. CoinGlass data show open interest remains below late-September levels.

Ali Charts named $1.25 as the level to watch. A hold above it could lead XRP toward $1.40, while a loss of that support could send the token toward $0.98. He described both outcomes as scenarios, not confirmed targets.

The Federal Reserve meets on October 28. Rate decisions can shift dollar liquidity and risk appetite across asset classes, which is why analysts track macro events alongside chart-specific levels. Arrieche noted that volatility may continue until the market gets a clearer view of the macro backdrop.

Based on reporting by CoinCentral.