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XRP crypto bulls are targeting $3. Ripple, the issuer of RLUSD stablecoin, has submitted an application to the OCC for a national banking license. Yesterday, XRP crypto surged, closing above $2.20 and extending gains initiated on June 23. At this pace, XRP ▼-1.84% not only solidified its position as one of the best cryptos to buy, adding a solid 5% in the last day, but also erased losses from the past week, returning to positive territory. DISCOVER: 20+ Next Crypto to Explode in 2025 XRP Crypto Bulls Targeting $3 Based on the XRPUSDT price formation on the daily chart, there is a high probability that the coin will break above its June 2025 highs of around $2.5. If this happens, XRP could race toward $3 in a bullish trend that might set the stage for the coin to flip Ethereum. XRPPriceMarket CapXRP$131.33B24h7d30d1yAll time While technical candlestick formations may influence momentum and provide direction, fundamental developments play a key role in determining the pace of this expansion and whether bulls will breach $3, outperforming some of the best Solana meme coins. $XRP jumped 3.6% after reports that Ripple has applied for a national banking license from the OCC, signaling a push for federally regulated crypto services. Follows Circle’s lead amid growing legislative clarity for stablecoins. Institutions are trusting and adopting! pic.twitter.com/kZyaUdnam4 — Tom Tucker (@WhatzTheTicker) July 2, 2025 Ripple Applies for a National Banking License After Circle rejected the $5 billion offer ahead of its highly anticipated IPO on the NYSE, Ripple, the private company offering multiple payment solutions, submitted an application on July 2 to the United States Comptroller of the Currency (OCC) for a national banking license. The move was unexpected. Ripple aims to disrupt traditional banks by providing payment processors and other firms with a rail to transfer value cheaply, instantly, and globally via the blockchain, specifically the XRP Ledger. Ripple is also aggressively pursuing a parallel application for a Federal Reserve master account through its subsidiary, Standard Custody and Trust Company. These applications position Ripple as a frontrunner in bridging the divide between crypto and traditional finance (TradFi). If the OCC approves the application and issues a license, Ripple could operate as a federally regulated bank in the United States. This would allow Ripple to issue its RLUSD stablecoin for institutions under the OCC’s supervision while complying with regulations set by the strict New York Department of Financial Services (NYDFS). Brad Garlinghouse, the CEO of Ripple, said any approval would establish a “new and unique benchmark of trust in the stablecoin market.” The United States-based payment platform could also hold RLUSD reserves directly with the Federal Reserve, providing what the CEO calls “an additional layer of security to future-proof trust.” True to our long-standing compliance roots, @Ripple is applying for a national bank charter from the OCC. If approved, we would have both state (via NYDFS) and federal oversight, a new (and unique!) benchmark for trust in the stablecoin market. Earlier in the week via… https://t.co/IdiR7x3eWZ — Brad Garlinghouse (@bgarlinghouse) July 2, 2025 DISCOVER: Best Meme Coin ICOs to Invest in 2025 Crypto Firms Rushing for Banking Licenses Ripple’s move is part of a broader trend among crypto firms to secure banking licenses as Congress and the Senate push for clearer industry regulations in a market valued at over $3.4 trillion. This shift is unexpected, given crypto’s anti-establishment roots. Ripple now joins Circle, which applied for a national trust bank charter with the OCC in late June. If approved as a national bank complying with Federal Reserve laws, Circle could act as a reserve custodian and directly offer institutional crypto asset custody. In 2021, Paxos received preliminary approval to operate as a federal bank but continues to navigate the regulatory process to expand its custodial and payment services. Anchorage Digital remains the only crypto firm to secure a national banking license, acquired in 2021. The rush for banking licenses is driven by the need for stability. Following the collapse of Silvergate and Signature Bank, crypto firms reliant on USD infrastructure faced significant challenges. At one point, USDC depegged because Circle couldn’t access cash over a weekend. If leading stablecoin issuers gain direct access to financial infrastructure, their operations would be more robust, avoiding challenges faced in March 2023. This also aligns with Donald Trump’s push to make the United States a hub for crypto operations. DISCOVER: Next 1000x Crypto – 11 Coins That Could 1000x in 2025 XRP Crypto Bulls Target $3, Ripple Applies for National Banking License
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A fresh burst of verbal shrapnel from on-chain investigator ZachXBT has reignited the long-running feud between the sleuth and the XRP community, with Ripple again cast as the outlier among major stable-asset ecosystems. The exchange began after WatcherGuru reported on X + that Circle, the issuer of USD Coin (USDC), has applied to become a federally regulated national trust bank in the United States. Within minutes, ZachXBT—whose meticulous wallet-tracking has underpinned investigations into more than $100 million in blockchain thefts—accused Circle of turning a blind eye to sanctioned North Korean activity. “Circle / USDC is the primary infra used by DPRK IT workers to facilitate payments. They currently do NOTHING to detect / freeze the activity while boasting about compliance… I can point out high 8 figs in recent volume,” he wrote, adding that the indifference is symptomatic of “the crime super cycle.” Tether, Circle, Paxos All More Trustworthy Than Ripple? An XRP supporter swiftly attempted to redirect the criticism: “So you’re saying we should be using RLUSD instead, eh?”—a reference to Ripple’s yet-to-launch, asset-backed stablecoin. ZachXBT’s reply was unambiguous: “I trust Circle, Paxos, or Tether infinitely more than Ripple.” Pressed to justify preferring Tether—whose opaque reserves have drawn scrutiny from US and EU regulators—over Ripple, he gave a terse rationale: “They all at least have organic users whereas Ripple does not and theirs comes from misrepresenting paid partnerships to make it appear like adoption.” The XRP advocate denounced that assessment as “lazy,” citing integrations with AeonPay, Alchemy Pay and “millions of merchants,” and argued that paying for partnerships is an industry-wide growth tactic. ZachXBT did not further elaborate, but the latest salvo is consistent with a trail of earlier broadsides. In March 2025 he asserted that a legitimate layer-1 chain can be gauged by the presence of native stablecoins from the “big three” issuers—Circle, Tether and Paxos. “Both ADA and XRP have zero from major stablecoin issuers…” he wrote at the time. In January 2025 he highlighted what he characterized as opaque treasury flows, noting that more than $109 million in XRP had moved from wallet rhREXVHV938ToGkdJQ9NCYEY4x8kSEtjna, activated by Ripple co-founder Chris Larsen, to exchanges including Coinbase, Bitstamp and Bybit in a single month. “Well I guess it’s a good thing no one stalks XRP transfers from wallets tied to the founders/foundation,” he remarked sarcastically. Responding to a February 2024 plea to investigate an alleged XRP scam address, he quipped that the wallet in question could not have “scammed more than the XRP founders constantly dumping 9 figs on bag-holders.” Taken together, the remarks sketch a researcher who, while frequently critical of compliance practices at the stablecoin heavyweights, nevertheless views Ripple as uniquely untrustworthy—chiefly for what he deems manufactured network adoption and persistent insider selling. At press time Ripple Labs, Circle, Paxos and Tether had not publicly responded to the latest remarks. XRP traded at $2.1978.
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Circle, the issuer of the USDC stablecoin, has firmly denied reports suggesting it is engaged in informal discussions regarding a potential sale to either US-based crypto exchange Coinbase or blockchain payment company Ripple. This denial comes in light of a report from PYMNTS, which highlighted that Circle remains focused on its initial public offering (IPO), initially filed in April. Circle Focuses On IPO Despite Ongoing Acquisition Interest A spokesperson for Circle stated to the news outlet, “Circle is not for sale. Our long-term goals remain the same.” This statement follows claims made by Seeking Alpha, which referenced a paywalled article from Fortune indicating that Circle was seeking a valuation of at least $5 billion in its negotiations with Coinbase and Ripple as well as in its upcoming IPO. Earlier reports had indicated that Circle rejected a takeover bid from Ripple, which ranged between $4 billion and $5 billion, citing the offer as too low. While Ripple has expressed ongoing interest in acquiring Circle, it has not made a decision regarding a new offer, as Circle continues to pursue its IPO. Circle’s IPO plans have seen a resurgence after a previous delay in December 2022. The company announced on April 1, 2024, that it had engaged investment banks to underwrite the IPO, although the exact timing for the public offering has yet to be determined. The renewed interest in public offerings within the cryptocurrency sector is partly attributed to a wave of digital asset megadeals propelled by a crypto-friendly administration under President Donald Trump and a more relaxed regulatory environment in the US. Ripple, Coinbase, Pursue Major Growth Strategies In recent weeks, Ripple made headlines by acquiring prime brokerage Hidden Road for $1.25 billion, a move that positions it as the first cryptocurrency firm to own and operate a multi-asset prime broker. Coinbase, on the other hand, has also been active in expanding its reach. On May 9, the company announced plans to acquire Dubai-based crypto derivatives exchange Deribit for $2.9 billion, aiming to strengthen its position in the global derivatives market. In addition to its IPO endeavors, Circle has also been pursuing strategic acquisitions. On January 21, the company announced its acquisition of Hashnote, the issuer of the USYC stablecoin, which is incubated by Cumberland Labs, the largest tokenized treasury and money market fund globally. The stablecoin issuer’s CEO Jeremy Allaire remarked that this acquisition would unlock significant potential in a market increasingly driven by institutional adoption, where participants expect market structures akin to traditional finance. When writing, XRP, the fourth largest cryptocurrency in terms of market cap, trades at $2.31, failing to seize Bitcoin’s (BTC) momentum after reaching a new all-time high, with the altcoin registering losses of 9% in the past fourteen days. Featured image from DALL-E, chart from TradingView.com
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