XRP Crypto on Course to Break $3 as Ripple Applies for a National Banking License

XRP crypto bulls are concentrating 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 features initiated on June 23. At this tempo, XRP ▲4.42% not solely solidified its place as one of many greatest cryptos to purchase, including a stable 5% within the final day, but additionally 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 worth formation on the day by 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 may race towards $3 in a bullish pattern that may set the stage for the coin to flip Ethereum.

XRP

Worth

Market Cap

XRP

$134.81B

24h7d30d1yAll time

Whereas technical candlestick formations could affect momentum and supply course, elementary developments play a key function in figuring out the tempo of this enlargement and whether or not bulls will breach $3, outperforming a few of the greatest Solana meme cash.

$XRP jumped 3.6% after stories that Ripple has utilized for a nationwide banking license from the OCC, signaling a push for federally regulated crypto companies.

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 National Banking License

After Circle rejected the $5 billion supply forward of its extremely anticipated IPO on the NYSE, Ripple, the personal firm providing a number of cost options, submitted an utility on July 2 to america Comptroller of the Foreign money (OCC) for a nationwide banking license.

The transfer was surprising. Ripple goals to disrupt conventional banks by offering cost processors and different companies with a rail to switch worth cheaply, immediately, and globally through the blockchain, particularly the XRP Ledger.

Ripple can be aggressively pursuing a parallel utility for a Federal Reserve grasp account via its subsidiary, Commonplace 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 applying and points a license, Ripple may function as a federally regulated financial institution in america. This might permit Ripple to situation 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 unique benchmark of trust in the stablecoin market.” The US-based cost platform may additionally maintain RLUSD reserves immediately with the Federal Reserve, offering what the CEO calls “an additional layer of security to future-proof trust.”

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…

— 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 pattern amongst crypto companies to safe banking licenses as Congress and the Senate push for clearer trade 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 authorised as a nationwide financial institution complying with Federal Reserve legal guidelines, Circle may act as a reserve custodian and immediately supply 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 cost companies. 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 important 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 can 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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