Saad Ullah
Ripple has reached a critical regulatory milestone as its application for a U.S. national trust bank charter becomes publicly visible. If approved, this move could fundamentally alter how Ripple operates within the financial sector and spark renewed institutional interest in XRP.
Ripple's Banking License Goes Public
Market analyst STEPH IS CRYPTO pointed out that Ripple's request for a banking license, submitted under Ripple National Trust Bank, has now moved into the formal review stage with the Office of the Comptroller of the Currency.
Regulators are assessing whether Ripple qualifies for federal trust bank status, which would let the company hold digital assets directly, offer banking services, and scale its cross-border payment infrastructure without relying on external partners.
Chart Signals and Key Price Levels
XRP's recent price behavior shows consolidation following an upward push. Support has formed around $2.75–$2.90, indicating solid demand from buyers. Resistance is sitting between $3.10 and $3.20, a zone that's held back rallies in recent sessions. Breaking above this area could open the door to $3.50 and higher, with some speculative projections reaching $10 if the OCC green-lights the application. The current market structure suggests traders are already positioning for potential swings tied to regulatory news.
What This Means for XRP
Securing OCC approval would represent a major shift in how blockchain technology intersects with traditional finance. The implications are significant: institutions would gain more confidence using XRP for settlements, Ripple wouldn't need to depend on third-party custodians, and the company's standing in global payment systems would strengthen considerably. Federal recognition would validate Ripple's place in the U.S. financial framework and give XRP a compelling growth story for the years ahead.
Saad Ullah
