XRP News Today: Ripple Seeks U.S. Banking License XRP Could Surge 35,000%

A prominent crypto analyst, Ripple Pundit, has made a bold prediction that XRP, the digital asset associated with Ripple, could surge by over 35,000% once Ripple secures a U.S. national banking license. This prediction comes on the heels of Ripple's formal application for such a license with the U.S. Office of the Comptroller of the Currency (OCC). The analyst also anticipates that an announcement from the U.S. Securities and Exchange Commission (SEC) ending its appeal in the ongoing legal battle with Ripple could further boost XRP's value.

Ripple's application for a national banking license represents a significant strategic move, aiming to position the company under federal oversight and integrate its crypto operations into the broader banking infrastructure. If approved, this charter would enable Ripple to operate a federally regulated bank, potentially streamlining its operations, particularly for XRP and its stablecoin RLUSD, which was launched in December.

In addition to the banking license, Ripple is also seeking a Federal Reserve master account through its affiliate, Standard Custody. The combination of these regulatory developments could substantially enhance Ripple's operational efficiency and market position. These applications, though still under review, have already begun to influence market expectations around XRP's role in the financial ecosystem.

Despite facing regulatory scrutiny, particularly from the SEC, Ripple's latest moves indicate confidence in its long-term strategy. Some industry observers view the banking license application as more than just a compliance measure; they see it as a structural shift toward becoming a pivotal player in the crypto-banking sector.

XRP has shown positive market reactions in recent days, with gains attributed to renewed optimism among retail traders. This optimism is fueled by social media commentary and price projections, such as those made by Ripple Pundit. Currently trading at $2.25, a 35,000% rise would place XRP at approximately $789.8. While this target is ambitious, increased adoption and integration into financial infrastructure could potentially drive XRP towards this level.

It is important to note that the prediction of a 35,000% surge in XRP's value is highly speculative and should be considered with caution. The underlying events driving this forecast are rooted in significant regulatory developments, but the actual outcome remains uncertain. Investors are advised to conduct thorough research and consider all potential risks before making any investment decisions.