Ripple Labs has taken a significant step toward bridging cryptocurrency and traditional finance by applying for a U.S. national bank charter. This move could revolutionize how its RLUSD stablecoin operates while fueling speculation about XRP's price potential.
Ripple's Dual-License Strategy: State and Federal Ambitions
San Francisco-based Ripple Labs recently submitted documentation to the Office of the Comptroller of the Currency (OCC) seeking federal banking supervision for its dollar-pegged RLUSD stablecoin. This follows its earlier success in securing a state banking license through the New York Department of Financial Services (NYDFS).
CEO Brad Garlinghouse emphasized the company's compliance focus in a public statement:
"Obtaining both state and federal oversight would establish a new benchmark for trust in the stablecoin market."
Key developments include:
- Pending approval for OCC national bank charter
- Planned Federal Reserve Master account for RLUSD reserves
- Potential to hold reserves directly with the Federal Reserve
Technical and Fundamental Case for $100 XRP
Crypto analyst Amonyx identifies a double bottom neckline pattern in XRP's historical chart, suggesting $100 as a plausible target this market cycle. Several factors could drive this growth:
Price Catalysts:
- Potential U.S. XRP ETF approval
- Resolution of SEC's $125 million settlement case
- Increased institutional adoption through bank charter
Current Market Position:
- Trading at $2.28 (as of July 2025)
- $5-6 billion daily trading volume
- Previous all-time high: $3.40 (2018)
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FAQ: Your XRP Questions Answered
Why is XRP consolidating?
The market awaits regulatory clarity on Ripple's bank charter, creating a holding pattern among traders.
What makes $100 possible?
Combination of technical patterns, potential regulatory wins, and increased institutional adoption could create perfect conditions.
How would a bank license affect XRP?
Federal oversight would legitimize XRP Ledger technology, potentially increasing demand from financial institutions.
What's driving current XRP price action?
Regulatory developments and anticipation around Ripple's banking status are key market movers.
Is now a good time to buy XRP?
As with any cryptocurrency, conduct thorough research and consider market volatility before investing.
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The Road Ahead for Ripple and XRP
The coming months will prove critical as:
- OCC reviews Ripple's bank charter application
- RLUSD seeks Federal Reserve integration
- XRP community watches for SEC settlement resolution
With these developments, XRP could potentially challenge Tether's position as the third-largest cryptocurrency by market capitalization. The intersection of traditional banking and cryptocurrency innovation creates fascinating possibilities for XRP's future.