XRP crypto bulls are focusing on $3. Ripple, the issuer of RLUSD stablecoin, has submitted an utility to the OCC for a nationwide banking license.
Yesterday, XRP crypto surged, closing above $2.20 and lengthening good points initiated on June 23. At this tempo, not solely solidified its place as one of many finest cryptos to purchase, including a strong 5% within the final day, but additionally erased losses from the previous week, returning to optimistic territory.
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XRP Crypto Bulls Concentrating on $3
Based mostly on the XRPUSDT value formation on the each day chart, there’s a excessive chance that the coin will break above its June 2025 highs of round $2.5.
If this occurs, XRP might race towards $3 in a bullish development that may set the stage for the coin to flip Ethereum.
Whereas technical candlestick formations could affect momentum and supply course, basic developments play a key position in figuring out the tempo of this growth and whether or not bulls will breach $3, outperforming a few of the finest Solana meme cash.
$XRP jumped 3.6% after studies 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 non-public firm providing a number of fee options, submitted an utility on July 2 to america Comptroller of the Forex (OCC) for a nationwide banking license.
The transfer was surprising. Ripple goals to disrupt conventional banks by offering fee processors and different companies 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 utility for a Federal Reserve grasp account by its subsidiary, Normal Custody and Belief Firm.
These functions place Ripple as a frontrunner in bridging the divide between crypto and conventional finance (TradFi).
If the OCC approves the appliance and points a license, Ripple might function as a federally regulated financial institution in america. This might permit Ripple to difficulty its RLUSD stablecoin for establishments beneath the OCC’s supervision whereas complying with laws set by the strict New York Division of Monetary Companies (NYDFS).
Brad Garlinghouse, the CEO of Ripple, stated any approval would set up a “new and distinctive benchmark of belief within the stablecoin market.” The USA-based fee platform might additionally maintain RLUSD reserves instantly 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 permitted, 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 companies to safe banking licenses as Congress and the Senate push for clearer business laws in a market valued at over $3.4 trillion. This shift is surprising, 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 permitted as a nationwide financial institution complying with Federal Reserve legal guidelines, Circle might act as a reserve custodian and instantly 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 increase its custodial and fee providers. Anchorage Digital stays the one crypto agency to safe a nationwide banking license, acquired in 2021.
The frenzy for banking licenses is pushed by the necessity for stability. Following the collapse of Silvergate and Signature Financial institution, crypto companies 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 achieve direct entry to monetary infrastructure, their operations could be extra sturdy, avoiding challenges confronted in March 2023. This additionally aligns with Donald Trump’s push to make america 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 spanking 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 enhance belief in crypto
The publish XRP Crypto on Course to Break $3 as Ripple Applies for a Nationwide Banking License appeared first on 99Bitcoins.
