Ripple officially requested a national banking license in the United States. If it is approved, this decision would ripple one of the few cryptographic companies to keep surveillance of the state and the federal government, by taking a step in consumer finance.
The CEO of Ripple, Brad Garlinghouse, announced the news, saying: “True to our long -standing compliance roots, Ripple requests a charter from the National Bank of the OCC.” He said that obtaining state approval (via the New York financial regulator) and a national charter would establish a new reference for trust in the Stablecoin and Digital asset market.
What it means for the price of XRP
Looking at the action of XRP prices, the token has evolved on the side in recent weeks. On the 12 -hour table, XRP was stuck between a support level of around $ 2.10 to $ 2.25 and a resistance area between $ 2.31 and $ 2.35. There is no strong momentum in both directions, with small bull and lowering movements that kept the bouncing price in this tight range.
This model could continue in the coming days or even weeks unless an event or a larger announcement is shaking the market.
Analyst Casi Trades said that XRP still has a significant level of support at 0.382. The price continues to react here, showing how high this area is.
If XRP exceeds $ 2.25 and holds it as a support, it could quickly evolve around $ 2.69, with a stop nearly $ 2.45. Casi has said that the RSI will be essential to monitor signs of strength or weakness.
The banking license process could take time
Although Ripple’s demand for an American national bank license is a big title, the approval process is long. It is generally necessary at least a year or more to finish, because regulators carefully examine business plans, management teams, history checks and public comments. The process implies the office of the currency controller (OCC) for the Charter and the FDIC for Deposit Insurance.
