Ripple has officially applied for a national banking license in the United States. If approved, this move would make Ripple one of the few crypto firms to hold both state and federal oversight, taking a step into mainstream finance.
Ripple CEO Brad Garlinghouse announced the news, saying, “True to our long-standing compliance roots, Ripple is applying for a national bank charter from the OCC.” He said that gaining both state approval (via New York’s financial regulator) and a national charter would set a new benchmark for trust in the stablecoin and digital asset market.
What This Means for XRP’s Price
Looking at XRP’s price action, the token has been moving sideways in recent weeks. On the 12-hour chart, XRP has been stuck between a support level of around $2.10 to $2.25 and a resistance zone between $2.31 to $2.35. There’s no strong momentum in either direction, with small bullish and bearish moves keeping the price bouncing within this tight range.
This pattern could continue for the next few days or even weeks unless a bigger event or announcement shakes up the market.
Analyst Casi Trades said XRP is still holding an important support level at 0.382. The price keeps reacting here, showing how strong this area is.
If XRP breaks above $2.25 and holds it as support, it could quickly move towards $2.69, with a stop near $2.45. Casi said that the RSI will be key to watch for signs of strength or weakness.
Bank License Process Could Take Time
While Ripple’s application for a U.S. national bank license is a big headline, the approval process is lengthy. It usually takes at least a year or more to complete, as regulators carefully review business plans, management teams, background checks, and public feedback. The process involves the Office of the Comptroller of the Currency (OCC) for the charter and the FDIC for deposit insurance.
