XRP crypto bulls are focusing on $3. Ripple, the issuer of RLUSD stablecoin, has submitted an software to the OCC for a nationwide banking license.
Yesterday, XRP crypto surged, closing above $2.20 and increasing features initiated on June 23. At this tempo, not solely solidified its place as one of many finest cryptos to purchase, including a stable 5% within the final day, but in addition erased losses from the previous week, returning to constructive territory.
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XRP Crypto Bulls Concentrating on $3
Based mostly on the XRPUSDT value formation on the every day chart, there’s a excessive likelihood that the coin will break above its June 2025 highs of round $2.5.
If this occurs, XRP may race towards $3 in a bullish development that may set the stage for the coin to flip Ethereum.
Whereas technical candlestick formations might affect momentum and supply path, elementary developments play a key function in figuring out the tempo of this growth and whether or not bulls will breach $3, outperforming a number of the finest Solana meme cash.
$XRP jumped 3.6% after experiences that Ripple has utilized for a nationwide banking license from the OCC, signaling a push for federally regulated crypto providers.
Follows Circle’s lead amid rising legislative readability for stablecoins.
Establishments are trusting and adopting! pic.twitter.com/kZyaUdnam4
— Tom Tucker (@WhatzTheTicker) July 2, 2025
Ripple Applies for a Nationwide Banking License
After Circle rejected the $5 billion provide forward of its extremely anticipated IPO on the NYSE, Ripple, the personal firm providing a number of fee options, submitted an software on July 2 to the US Comptroller of the Foreign money (OCC) for a nationwide banking license.
The transfer was sudden. Ripple goals to disrupt conventional banks by offering fee processors and different corporations with a rail to switch worth cheaply, immediately, and globally through the blockchain, particularly the XRP Ledger.
Ripple can also be aggressively pursuing a parallel software for a Federal Reserve grasp account by its subsidiary, Normal Custody and Belief Firm.
These purposes place Ripple as a frontrunner in bridging the divide between crypto and conventional finance (TradFi).
If the OCC approves the applying and points a license, Ripple may function as a federally regulated financial institution in the US. This could enable Ripple to difficulty its RLUSD stablecoin for establishments underneath the OCC’s supervision whereas complying with rules set by the strict New York Division of Monetary Providers (NYDFS).
Brad Garlinghouse, the CEO of Ripple, mentioned any approval would set up a “new and distinctive benchmark of belief within the stablecoin market.” The US-based fee platform may additionally maintain RLUSD reserves immediately with the Federal Reserve, offering what the CEO calls “a further layer of safety to future-proof belief.”
True to our long-standing compliance roots, @Ripple is making use of for a nationwide financial institution constitution from the OCC. If authorised, we might have each state (through NYDFS) and federal oversight, a brand new (and distinctive!) benchmark for belief within the stablecoin market.
Earlier within the week through… https://t.co/IdiR7x3eWZ
— Brad Garlinghouse (@bgarlinghouse) July 2, 2025
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Crypto Companies Dashing for Banking Licenses
Ripple’s transfer is a part of a broader development amongst crypto corporations to safe banking licenses as Congress and the Senate push for clearer trade rules in a market valued at over $3.4 trillion. This shift is sudden, given crypto’s anti-establishment roots.
Ripple now joins Circle, which utilized for a nationwide belief financial institution constitution with the OCC in late June. If authorised as a nationwide financial institution complying with Federal Reserve legal guidelines, Circle may act as a reserve custodian and immediately provide institutional crypto asset custody.
In 2021, Paxos acquired preliminary approval to function as a federal financial institution however continues to navigate the regulatory course of to broaden its custodial and fee providers. Anchorage Digital stays the one crypto agency to safe a nationwide banking license, acquired in 2021.
The push for banking licenses is pushed by the necessity for stability. Following the collapse of Silvergate and Signature Financial institution, crypto corporations reliant on USD infrastructure confronted vital challenges. At one level, USDC depegged as a result of Circle couldn’t entry money over a weekend.
If main stablecoin issuers acquire direct entry to monetary infrastructure, their operations could be extra strong, avoiding challenges confronted in March 2023. This additionally aligns with Donald Trump’s push to make the US a hub for crypto operations.
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XRP Crypto Bulls Goal $3, Ripple Applies for Nationwide Banking License
- XRP crypto regular, goals for brand new July 2025 highs
- XRP bulls focusing on $3 in H2 2025
- Ripple applies with the OCC for a nationwide banking license
- Brad Garlinghouse, the CEO of Ripple, thinks the approval will considerably increase belief in crypto
The publish XRP Crypto on Course to Break $3 as Ripple Applies for a Nationwide Banking License appeared first on 99Bitcoins.