On July 7, 2025, Ripple's XRP traded at $2.25, hitting an intraday high of $2.35. This follows Ripple's application for a national banking license from the U.S. Office of the Comptroller of the Currency (OCC).
The application aims to expand crypto services under federal regulation. XRP's price rose by 3% after the announcement, reflecting market optimism. Ripple also applied for a Federal Reserve master account through its subsidiary.
This move allows Ripple to hold stablecoin reserves directly with the central bank. It provides an additional layer of security for its stablecoin, RLUSD. These developments underscore Ripple's commitment to integrating into the traditional financial system.