Ripple has made a significant move by applying for a national banking license in the U.S., reigniting interest in the XRP token and its long-term value.
Ripple Aiming for Regulated Bank Status
Ripple has formally applied for a national banking charter in the United States and for a Federal Reserve master account. This will grant the company direct access to essential payment systems such as Fedwire and FedNow.
XRP Holds Steady with Growth Potential
At the time of writing, XRP trades near $2.27. Traders are closely watching for a breakout above the $2.38 resistance level, which could lead to a price increase to $2.50 and even $3.50 by the end of 2025. A 'golden cross' on the daily chart indicates strengthening bullish momentum.
Ripple's Future in the Financial Market
Ripple's bold plan to become a regulated bank could redefine how cryptocurrency interacts with the U.S. financial system. If approved, Ripple could offer FDIC-insured deposit accounts.
Ripple continues to attract interest in the cryptocurrency market, and its attempt to become a registered bank may play a key role in XRP's future. The timing and outcome of this process will be crucial for shaping future forecasts.
