Ripple Banking License Puts RLUSD in Focus As XRP Price Stays Cautious

Ripple is expanding its presence in U.S. finance. The company has filed for a national trust, or rather, banking license with the Office of the Comptroller of the Currency (OCC), aiming to shift its RLUSD stablecoin from state to federal regulation.

The stablecoin, launched in May, currently operates under New York’s DFS. A federal charter would bring it closer to Circle’s model and possibly into more institutional hands.

What’s Happening

Ripple is one of the oldest blockchain firms in the U.S., known for its XRP token and cross-border payment network.

Its subsidiary, Standard Custody & Trust, which Ripple acquired last year, submitted a related application for a Federal Reserve master account on July 1.

A master account would allow Ripple to custody RLUSD reserves directly with the Fed. This structure mirrors that of Anchorage Digital, the only crypto-native firm with a federal bank charter.

The account could offer round-the-clock issuance and redemption of stablecoins, bypassing commercial banks.

Jack McDonald, Ripple’s SVP of Stablecoins, said this dual-regulation model could “set a new bar for transparency” in the stablecoin space.

What Was The Market Impact

The market’s reaction was muted. This suggests that the announcement was slightly priced in. At the time of writing, XRP price trades at $2.23, losing 2.28% on the day.

Volume rose modestly to $3.1 billion. Analysts remain focused on whether XRP can flip $2.25 into support.

Developer activity around RLUSD has increased slightly since May, as per Santiment, but whale activity hasn’t seen a major bump.

Funding rates on derivatives platforms remain mostly neutral. This suggests no major Long or Short dominance in the market.

There’s one thing most agree on: if the Ripple banking license is approved, it would make RLUSD one of the few stablecoins backed directly by a Fed-connected trust. A move reducing counterparty risks tied to private banks.

Technical View of XRP Price

XRP’s price action reveals a breakout from a long-form symmetrical triangle on the daily timeframe. The breakout appears valid, with the price testing the $2.25–$2.35 resistance zone.

A clean move above $2.35 could open the door to the next band between $2.65 and $2.78. If bulls maintain momentum, the $3.20–$3.40 zone from April could come back into play.

The failure to hold $2.25 might invalidate the breakout structure. The lower support levels sit at $2.12 and then $2.08.

A fall below those could shift sentiment rapidly. It is worth noting that the XRP price has been testing the $212 levels for a while now.

The RSI is at 59.3, just below the overbought level, suggesting room for an upside move. Chaikin Money Flow (CMF) remains positive at 0.13, indicating net inflows into the asset.

It would be safe to assume that smart money is taking an interest. Analyst opinions remain mixed across the board, but with conviction. Crypto trader CasiTrades stated that a decisive breakout could happen if XRP flips $2.25 into support.

Finder’s Q3 panel forecast estimates XRP could reach $3.06 by the end of 2025, with long-term projections as high as $6.45 by 2030.

Despite the differences, most agree that regulatory clarity can become a turning point. The Ripple banking license is not just a technicality; it is (or might be) Ripple’s golden ticket into institutional-grade finance.