Ripple 
$0.00000000000000 and 4 companies received the approval they were waiting for for their cryptocurrency businesses. Trillion-dollar asset manager Fidelity was among the companies that received the same approval as Ripple today. As the article was being prepared, Sacks, Trump’s crypto policy chief, was making statements. Now let’s look at why today is historic for Ripple and others.
Historic Day for Ripple
With the official announcement of the OCC, Circle, Ripple, Paxos, Fidelity and BitGo gave the good news that they received banking licenses. Approval was not expected so soon, but things change when President Trump becomes President. Trump’s cryptocurrency-friendly policies enable all government institutions to embrace crypto, unlike in the Biden era.
Today is a historic day for Ripple because the greatest representative of innovation, which was once wanted to be stifled by the SEC, today received banking permission from the Office of the Comptroller of the Currency (OCC). The federally regulated Ripple National Trust Bank (RNTB) will pave the way for the company to offer its cryptocurrency-based services to institutions on a larger scale.
RNTB, which will be a national trust bank managing RLUSD reserves, will be under the supervision of the New York Department of Financial Services (NYDFS) and the OCC, allowing for the expansion of operations in a completely legal manner. Ripple CEO Brad Garlinghouse said the following about the great good news:
“The conditional approval of our charter is a major step forward, setting the highest standard for stablecoin compliance with federal and state oversight.
Although bank lobbyists opposed to innovation claim otherwise, of RLUSD “We ensure it is the most transparent and responsibly managed stablecoin on the market today.”
The company, which also started new businesses such as Ripple Prime, spent this year extremely productive. XRP Coin Although it does not produce great results for the company, Ripple is in an extremely advantageous position compared to last year in terms of growing its corporate business in the long term.
Ripple is a financial technology company that offers crypto solutions for businesses, and they focus on enterprise blockchain-based banking transactions rather than being a layer1 solution like Solana. To date, $95 billion worth of cross-border transactions have been made with Ripple Payments. Asset custody services are provided to companies with Ripple Custody. RLUSD They have a large stablecoin business with a circulating supply exceeding $1 billion. They also offer a global, multi-asset prime brokerage service for institutional clients through Ripple Prime.
XRP Coin Predictions
Ripple This year, it spent nearly $1.5 billion on three companies and expanded its business. He finished the case and now also got a banking license. It would be ridiculous to be hopeless when Trump directly or indirectly explains that he will pave the way for faster growth of cryptocurrency companies in his country by making their business easier.
Currently hovering around $2 XRP Coin price It is in good shape compared to many altcoins that have experienced destruction. Moreover, investors who bought last year are still extremely profitable, so things are not going bad for investors. Although the price, which lingers under the resistances of $ 2.21 and $ 2.55, expects a recovery in the general market sentiment, the reasonable scenario for January and February is that the negativity will continue. At least, MSCI delist decisions and the possibility of the Fed to skip the interest rate cut show this. In addition, the Supreme Court tariff cancellation is a bad surprise that awaits us in the first quarter.
While there may be short-term fluctuations, it is difficult to target the ATH zone above $2.66 without seeing convincing closes above $2.85. XRP Coin The plausible scenario for oversold lower wicks extending between $1.62 and $1.22 and resistance tests above.
