Ripple Labs Applies for Banking License as XRP Maintains $2.30 Level Amid Trump Administration Optimism

Ripple Labs' application for banking authorization from the Office of the Comptroller of the Currency (OCC) marks a significant turning point for XRP markets. As of July 10th, XRP is trading around the $2.30 level, showing a 1.27% increase over the past 24 hours.

Banking License Application Impact

Ripple Labs' OCC banking license application carries tremendous significance for the cryptocurrency industry. This move signals Ripple's serious commitment to integrating with traditional financial systems and establishes a strategic foundation for stablecoin business expansion.

Ripple announced plans to launch a USD-pegged stablecoin in April 2025. This stablecoin will operate on both XRP Ledger and Ethereum networks, with third-party auditing and monthly disclosures ensuring transparency.

Trump Administration Cryptocurrency Policy Changes

2025 is expected to be a highly positive year for Ripple. President Donald Trump's election victory has created powerful tailwinds for XRP. Trump promised to dismiss current SEC Chairman Gary Gensler, significantly increasing the likelihood of resolving Ripple-related litigation.

With SEC commissioners expected to be composed of Republican appointees, the probability of approval for Ripple-SEC settlement agreements has increased substantially. Since the Trump administration took office, the SEC has adopted a more cryptocurrency-friendly stance, withdrawing several crypto-related lawsuits including the Coinbase case.

SEC Litigation Current Status

The litigation between Ripple and the Securities and Exchange Commission began in 2020, with the SEC alleging that Ripple illegally raised $1.3 billion through unregistered securities offerings.

In summer 2023, the court ruled that Ripple's XRP sales to retail investors did not violate securities laws. However, in early 2024, institutional sales were deemed to violate regulations, resulting in a $125 million penalty. In March 2025, Ripple Labs agreed to pay a $50 million fine, but Judge Analisa Torres of the Southern District of New York rejected this settlement agreement in June.

Technical Analysis and Market Outlook

XRP is currently showing correction signals after entering overbought territory. XRP's daily Stochastic RSI previously declined over 45% after entering the overbought zone, and similar signals are appearing again in July 2025.

Liquidation data shows significant concentrations of buy liquidations in the $1.95-$2.00 range and sell liquidations in the $2.30-$2.40 range. The concentration of leveraged positions on both sides suggests potential increased price volatility.

Long-term Outlook and Investment Strategy

Experts maintain positive views on XRP's long-term prospects. According to CryptoNews analysis, XRP is expected to reach $2.16 by the end of 2025, with potential growth to $4.94 by the end of 2026.

By 2030, as appropriate cryptocurrency regulations are established globally, increased investment accessibility and merchant adoption of cryptocurrencies for payments could drive XRP to $71.40, according to some analyses.

Real World Asset (RWA) Tokenization Market Expansion

Brazil's Mercado Bitcoin announced $200 million in Real World Asset (RWA) tokenization on XRPL, expanding XRP Ledger's use cases. Tokenized real assets continue gaining attention as cryptocurrency companies demand clear regulations for on-chain financial products.

Global Adoption Expansion

XRP Ledger attracts global financial institutions with its fast payment processing and low transaction fees. XRP transactions process faster than Bitcoin, with block confirmations occurring within 3-5 seconds. Transaction fees typically cost only a fraction of 1 XRP, with fees being burned to gradually reduce XRP's total supply.

Market Perspective

While XRP faces short-term technical correction pressures, positive factors including the banking license application, Trump administration's pro-cryptocurrency policies, and expectations of SEC litigation resolution provide medium to long-term upward momentum.

Investors should remain vigilant about market volatility while paying attention to Ripple's financial infrastructure development efforts and regulatory environment improvements.

The combination of Ripple's strategic positioning in traditional finance and the evolving regulatory landscape under the Trump administration creates a compelling investment narrative for XRP's future growth prospects.

Original Korean article: https://trendy.storydot.kr/economy/ripple-xrp-banking-license-trump-administration-july2025