Ripple is in the spotlight because it is seeking a banking license in the United States , a move that would mark a significant evolution in the relationship between cryptocurrencies and the traditional financial system. The proposal to establish a federally regulated national trust bank has drawn opposition from several large financial institutions , which have expressed official concerns about Ripple's entry into the regulated banking sector.
In a joint letter – signed on July 17 – the American Bankers Association (ABA) , America's Credit Unions , the Consumer Bankers Association , the Independent Community Bankers of America , and the National Bankers Association filed a petition with the Office of the Comptroller of the Currency (OCC) requesting a regulatory stay.
The institutions have asked the OCC to postpone its review of the applications submitted by Ripple and Circle until all corporate details are fully disclosed and made available for public review.
The letter emphasizes that approving these requests without public comment could inadvertently open the door for non-banks to access privileges traditionally reserved for highly regulated institutions.
“Approving these applications could represent a fundamental shift from OCC precedent, and the associations strongly believe that such a change requires public input […] A delay would allow time and, hopefully, sufficient information for the public to meaningfully evaluate the applications and the innovative issues they present,” the official statement reads .
Ripple and Circle are among a growing number of crypto-native companies seeking official banking licenses in the United States. Circle—the issuer of the USDC stablecoin, which went public in May—has applied to operate as a trust bank to manage USDC reserves and institutional digital asset flows. Ripple followed suit shortly thereafter, applying to offer stablecoin and custody services under the name Ripple National Trust Bank .
Neither Ripple Labs nor its CEO Brad Garlinghouse have yet released an official response to the coordinated lobbying campaign. However, initial market signals suggest investors don't appear particularly shaken. XRP has held a solid position above $3.50 for two consecutive days, while daily trading volumes have remained above $10 billion , according to CoinMarketCap data .
XRP Price Prediction: Bulls Eye Breakout Above $4
XRP is showing strong bullish technical signals and is aiming for a clean breakout above the $4 mark , a level not seen since the 2017 bull cycle.
Technical charts show XRP at $3.47 sitting well within the upper Bollinger Band , with solid support above the 20-day moving average ($3.25) . The RSI has held above 72 for over 48 hours, suggesting strong bullish momentum, although traders should watch out for signs of short-term exhaustion.
An upside break above the $3.75 to $3.80 resistance range could quickly trigger a supply squeeze , especially given that short interest remains elevated on major derivatives platforms. If the bulls maintain pressure and trading volumes remain above $10 billion , the $4.00 level becomes the next psychological target.
Conversely, a rejection at $3.75 could lead XRP to retest the supports at $ 3.22 or $3.05 . Barring any major regulatory setbacks, however, XRP's technical landscape continues to show a clear bullish bias.
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