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Ripple has officially applied for a national banking license in the United States. If approved, this move would make Ripple one of the few crypto firms to hold both state and federal oversight, taking a step into mainstream finance.
If XRP breaks above $2.25 and holds it as support, it could quickly move towards $2.69, with a stop near $2.45. Casi said that the RSI will be key to watch for signs of strength or weakness.
Bank License Process Could Take Time
While Ripple’s application for a U.S. national bank license is a big headline, the approval process is lengthy. It usually takes at least a year or more to complete, as regulators carefully review business plans, management teams, background checks, and public feedback. The process involves the Office of the Comptroller of the Currency (OCC) for the charter and the FDIC for deposit insurance.