XRP Digital currency Set to Exceed $3 as Ripple Seeks Approval for a National Banking License

XRP crypto enthusiasts are setting their sights on $3. Ripple, the creator of the RLUSD stablecoin, has filed an application for a national banking license with the OCC.

XRP crypto experienced a significant rise yesterday, finishing over $2.20 and building on gains that started on June 23. If this trend continues, XRP ▲4.02% will not only reaffirm its status as one of the top cryptocurrencies to invest in, marking a solid 5% increase in the past day, but also recovering from prior losses, returning to the green.

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XRP Crypto Enthusiasts Aim for $3

Analyzing the XRPUSDT price trend on the daily chart shows a strong likelihood that the crypto token will surpass its June 2025 high of approximately $2.5.

Should this occur, XRP might surge toward $3 in a bullish rally that could position the crypto token to overtake ETH.

While the technical patterns of candlesticks may affect momentum and offer direction, essential developments are crucial in determining the speed of this growth and whether bulls will push past $3, outshining some of the leading Solana meme coins.

$XRP rose by 3.6% following update that Ripple has sought a national banking license from the OCC, indicating a move towards federally regulated crypto asset services.

Following Circle’s example amid increasing clarity in legislation for stablecoins.

Institutions are gaining confidence and adopting! pic.twitter.com/kZyaUdnam4

— Tom Tucker (@WhatzTheTicker) July 2, 2025

Ripple Pursues a National Banking License

Following Circle’s decline of the $5 billion offer before its much-anticipated IPO on the NYSE, Ripple, the private entity providing diverse payment solutions, has put forth an application on July 2 to seek a national banking license from the United States Comptroller of the Currency (OCC).

This decision took many by surprise. Ripple’s goal is to disrupt conventional banks by offering payment processors and other companies a system to transfer value affordably, instantaneously, and globally using distributed ledger technology, particularly the XRP Record.

Ripple is also aggressively seeking a simultaneous application for a Federal Reserve master account via its subsidiary, Standard Custody and Trust Company.

These applications place Ripple at the forefront of connecting crypto with traditional finance (TradFi).

If the OCC approves this request and grants a license, Ripple could function as a federally regulated bank in the U.S. This would empower Ripple to offer its RLUSD stablecoin to institutions under the OCC’s oversight while adhering to the stringent regulations set by the New York Department of Financial Services (NYDFS).

Brad Garlinghouse, Ripple’s CEO, stated that any endorsement would create a “new and unique standard of trust in the stablecoin space.” The U.S.-based payment protocol could also directly long-term holding RLUSD reserves with the Federal Reserve, which the CEO refers to as “an added layer of security for ensuring trust in the future.”

Staying true to our long-standing regulation foundations, @Ripple is seeking a national bank charter from the OCC. If we receive approval, we would be under both state (via NYDFS) and federal crypto law, establishing a new (and distinct!) standard for trust in the stablecoin sector.

Earlier in the week via… https://t.co/IdiR7x3eWZ

— Brad Garlinghouse (@bgarlinghouse) July 2, 2025

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Crypto Companies Accelerating Banking License Applications

Ripple’s actions are part of a larger movement among cryptocurrency companies seeking banking licenses as Congress and the Senate advocate for clearer regulations within an industry valued at over $3.4 trillion. This shift is surprising, considering crypto’s anti-establishment origins.

Ripple now joins Circle, which submitted an application for a national trust bank charter with the OCC at the end of June. If recognized as a national bank compliant with Federal Reserve regulations, Circle would have the ability to serve as a reserve custodian and provide institutional digital currency asset custody.

In 2021, Paxos gained initial approval to function as a federal bank but is still working through the regulatory maze to broaden its custodial and payment services. Anchorage Digital remains the sole crypto entity to have obtained a national banking license, granted in 2021.

The increasing quest for banking licenses is fueled by the necessity for stability. Following the collapses of Silvergate and Signature Bank, crypto firms that depended on USD-based systems encountered significant obstacles. At one instance, USDC lost its peg because Circle couldn’t access cash over a weekend.

If major stablecoin issuers secure direct access to financial systems, their operations would become more resilient, sidestepping the issues experienced in March 2023. This also aligns with Donald Trump’s effort to establish the U.S. as a center for crypto asset activities.

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