XRP Price Rises 1% As Ripple Secures Conditional OCC Approval For National Trust Bank

The XRP price edged up over 1% in the past 24 hours to trade at $2.02 as of 12:00 a.m. EST on trading volume that dropped 3% to $3.9 billion.

The increase in the Ripple token price comes as the company secured conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) to operate as a national trust bank, marking a major milestone for the crypto firm. The approval places Ripple among five companies granted conditional clearance and, once finalized, it will join nearly 60 national trust banks overseen by the OCC.

This development comes about five months after Ripple applied for a national banking license for its planned “Ripple National Trust Bank.” The OCC said it used the same standards applied to all charter applications and will grant final approval once Ripple meets all pre-opening requirements. Other firms receiving similar conditional approvals include USDC issuer Circle, BitGo, Fidelity, and Paxos.

Ripple CEO Brad Garlinghouse called the approval “huge,” emphasizing its importance for the company’s RLUSD stablecoin. He said the move brings stronger federal and state oversight, setting a high compliance standard and supporting wider adoption. Ripple also noted that this dual regulation makes RLUSD more attractive to traditional financial institutions seeking reliable, compliant stablecoins.

Once fully approved, Ripple will be able to offer payment, custody, and trade execution services, as well as hold reserves.

XRP Price Shows Early Bounce Signals Despite Ongoing Bearish Trend

XRP is trading near $2.02, showing signs that selling pressure is slowing down after a long decline. The price is still moving inside a bearish (downward) channel, which means the overall trend remains weak. However, XRP is now holding near the lower edge of this channel, an area where buyers often step in.

The 200-day moving average at around $2.59 is acting as strong resistance above the price. The 50-day moving average, currently near $2.24, is also above the current level and sloping downward, confirming that the broader trend remains bearish. Even so, price action suggests XRP is trying to form a base around the $1.95–$2.00 support zone.

XRPUSDT Chart Analysis Source: Tradingview

The RSI is around 42, which means XRP is not oversold but still weak. This suggests that selling momentum is fading. The MACD remains slightly negative, but it is flattening, a sign that bearish momentum is losing strength, and a possible reversal could form if buyers gain control.

For XRP to turn bullish in the short term, it needs to break out of the bearish channel and move above the $2.25–$2.30 resistance area, which lines up with the 50-day moving average. If that happens, the next targets could be $2.60 and later $3.00.

On the downside, if XRP fails to hold $1.95, the price could drop further toward $1.80. Overall, XRP is still bearish, but the chart shows early signs of a possible bounce if support holds.