XRP adds $6 billion as Ripple confirms US banking license application

XRP added over $6 billion to its market capitalization following major regulatory news from Ripple

The XRP token climbed from $2.17 to $2.28, lifting its total market worth from $128.94 billion to $135.40 billion, according to data retrieved by Finbold from CoinMarketCap data

CoinMarketCapXRP 1-day market cap. Source: CoinMarketCapXRP 1-day market cap. Source: CoinMarketCapDaily trading volume also spiked to $4.17 billion, marking a 43.84% increase.

XRP rally sparked by Ripple’s latest announcement

The rally was sparked by an announcement from Ripple CEO Brad Garlinghouse, who confirmed the company has formally applied for a national banking license from the U.S. Office of the Comptroller of the Currency (OCC)

Ripple has also submitted an application for a Master Account with the Federal Reserve, a move that, if approved, would grant the company direct access to the U.S. banking system.

The strategic pivot positions Ripple to operate not just as a crypto payments company, but as a fully regulated financial institution. It could also cement RLUSD, Ripple’s forthcoming stablecoin, as a serious contender in the dollar-backed digital asset space, putting it in direct competition with heavyweights like USDC and USDT.

If successful, the license would allow Ripple to bypass third-party banking intermediaries, giving it tighter control over compliance, settlement, and issuance of RLUSD, potentially reshaping its role in the U.S. financial ecosystem.