XRP Targets $3 as Ripple Seeks National Banking Authorization
Ripple, known for its RLUSD stablecoin, is making waves as XRP bulls set sights on a price of $3 amid a significant banking license application.
XRP bulls are eyeing $3 as Ripple has aimed for a national banking license application with the OCC. This comes after XRP showed a strong performance, closing at over $2.20 recently and gaining momentum from June 23. With a gain of 5% in the last day, XRP is positioned as a top cryptocurrency to invest in.
XRP Bulls Targeting $3
Recent price trends indicate a potential breakout above June 2025 highs of approximately $2.50 for XRP, with the possibility of reaching $3. The success of this bullish trend could position XRP to exceed Ethereum’s market capitalization, showing promise for robust future growth.
“XRP jumped 3.6% following the news of Ripple’s application for a national banking license, indicating a move towards federally regulated cryptocurrency services,” says an industry expert.
Image depicting XRP Trends
The CEO of Ripple, Brad Garlinghouse, suggests that the approval of their application could redefine trust in the stablecoin sector. Ripple’s ambition includes creating a strong foothold in traditional banking through cryptocurrency.
Ripple’s National Banking License Application
In a strategic move, Ripple has submitted an application on July 2 to the OCC, aiming to become a federally regulated bank. This initiative follows a notable rejection from Circle regarding a $5 billion offer, yet anticipates a strong foothold in the financial landscape.
Ripple seeks to innovate by providing substantial payment solutions worldwide via blockchain utilizing XRP Ledger, which emphasizes seamless and cost-effective transaction processing.
“With our long-standing commitment to compliance, obtaining a national bank charter from the OCC would usher in a unique standard for trust in the stablecoin market,” asserts Garlinghouse.
Further developments in Ripple’s application could allow it to directly manage reserves with the Federal Reserve, enhancing security in its operations.
The Broader Trend of Crypto Firms Seeking Banking Licenses
Ripple joins a growing number of cryptocurrency entities pursuing banking licenses to establish clearer regulatory frameworks. As regulatory clarity increases, firms like Circle are positioning themselves for stability and growth in the shifting economic landscape.
With crypto’s market value exceeding $3.4 trillion, the move reflects a significant evolution in traditional banking and cryptocurrency relations.
