Ripple has just applied for a national banking license in the United States; if approved, this will be a significant step in solidifying Ripple's prestigious position in the traditional finance sector.
MAIN CONTENT
Ripple is applying for a national banking license, with dual oversight from state and federal authorities.
XRP is currently trading in a stable price range, lacking strong breakthroughs in the short term.
The banking license approval process can take over a year.
What does Ripple's application for a national banking license in the U.S. mean?
According to CEO Brad Garlinghouse, Ripple's application for a national banking license from the OCC demonstrates a commitment to strict compliance with regulations, while setting a new standard of trust for the stablecoin and digital asset market.
Ripple CEO Brad Garlinghouse stated on July 2, 2025: “In line with our traditional compliance, Ripple is applying for a national banking license from the OCC. If successful, Ripple will be one of the few cryptocurrency companies to be under dual supervision from the state (through NYDFS) and federal authorities, marking a new milestone of trust in the stablecoin market.”
Brad Garlinghouse, CEO of Ripple, stated on July 2, 2025
This license will enhance Ripple's reputation, paving the way for legal banking operations alongside existing cryptocurrency services, thereby promoting widespread acceptance and increasing investor confidence.
What is the XRP price movement after the banking license application news?
XRP price analysis shows that this token is in a narrow range from $2.10 to $2.35 on the 12-hour chart, with no clear signs of a breakout in the trend.
Analyst Casi Trades notes that the 0.382 Fibonacci support level is holding steady, which is an important price area for stabilizing XRP.
“If XRP exceeds $2.25 and maintains this level as support, the price could very well rise to $2.69, with a stop-loss near $2.45. The RSI will be an important tool to monitor the strength of the trend.” – Casi Trades, financial analyst, July 2025.
Casi Trades, independent analyst, July 2025
The price trend is expected to continue moving sideways while waiting for additional market events that could create new momentum in the coming weeks.
How long is the national banking license approval process expected to take?
Obtaining a national banking license in the United States is a complex process, often taking at least a year as federal regulators such as the OCC and FDIC must conduct thorough assessments of the business plan, management team, background, and gather public input.
Mr. Brad Garlinghouse emphasized that this is an important step that requires time and high transparency to achieve final approval.
Frequently Asked Questions
What agencies will oversee Ripple if licensed? Ripple will be subject to parallel oversight from the New York state DFS and the federal OCC. How does the national banking license affect confidence in the cryptocurrency market? This license sets a new milestone of trust, helping Ripple and stablecoins become more legitimate and widely accepted. How long does the licensing process take? It typically takes at least a year, due to the need for comprehensive assessments of various legal and business factors. What is the current price movement of XRP? XRP is currently moving sideways in the price range of $2.10 to $2.35, with no clear breakout signs. Who is the main spokesperson regarding Ripple's license application? Brad Garlinghouse, CEO of Ripple, is the official spokesperson for this information.
Source: https://tintucbitcoin.com/xrp-tang-manh-nho-ripple-xin-phep-ngan-hang/
Thank you for reading this article!
Please Like, Comment, and Follow TinTucBitcoin to stay updated with the latest news about the cryptocurrency market and not miss any important information!
