- Ripple is applying for a US national bank charter after securing a New York banking license.
- RLUSD stablecoin gains federal oversight, enhancing its legitimacy.
- CEO Brad Garlinghouse hints at a Fed Master account for RLUSD reserves.
- Analysts project XRP could hit $100 this bull cycle, fueled by positive regulatory and market catalysts.
Ripple US Bank License Push Signals Major Financial Shift
Ripple Labs, the company behind XRP and the RLUSD stablecoin, has taken a bold step toward integrating deeper into the US financial system. It recently applied for a national banking license from the Office of the Comptroller of the Currency (OCC). If granted, Ripple would become one of the few crypto-native companies to operate under direct federal banking supervision.
This follows Ripple’s earlier success in obtaining a state banking license from the New York Department of Financial Services (NYDFS), positioning it as a regulated player on both state and federal levels. Ripple’s CEO Brad Garlinghouse also revealed plans for a Federal Reserve Master account, which would allow RLUSD reserves to be held directly at the Fed—boosting trust in the stablecoin’s liquidity.
RLUSD Stablecoin Wins Big Amid Growing Stablecoin Competition
Ripple’s dollar-pegged RLUSD stablecoin recently secured a significant legal victory, positioning it to compete with established stablecoins like USDC and USDT. With pending federal banking oversight, RLUSD could see increased adoption across crypto and traditional financial platforms alike.
As Ripple works to integrate RLUSD more broadly, the company’s dual licensing strategy highlights its commitment to regulatory compliance—an edge that few competitors have achieved.
XRP Price Outlook: Can It Reach $100 in This Cycle?
According to crypto analyst Amonyx, XRP’s long-term chart signals a double bottom pattern—a classic bullish indicator. With XRP currently trading around $2.28, there’s still significant room for growth toward the analyst’s $100 price target.
Also Read; Projected Timeline for XRP to Hit $200 to $400 Price Range
Additional catalysts fueling this potential rally include:
- A possible Ripple exchange-traded fund (ETF) launch in the US.
- The finalization of Ripple’s $125 million settlement with the SEC.
Combined with strong daily trading volumes between $5 billion and $6 billion, XRP is poised to challenge its all-time high of $3.40, last seen over seven years ago. Some even predict XRP could reclaim the #3 spot in the global crypto rankings, potentially overtaking USDT.
Ripple’s banking ambitions and RLUSD’s growing legal clarity could spark a new chapter for XRP. If regulatory tailwinds and market momentum align, XRP’s dream of reaching $100 may no longer be just speculation—it could become reality.
