🚨 XRP NEWS: US Bank Lobby Attacks Ripple’s Banking License — Price Still Under Pressure
Big development in the XRP ecosystem today 👇
The American Bankers Association (ABA) has openly criticized the U.S. Office of the Comptroller of the Currency (OCC) for granting Ripple Labs a banking charter.
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🏦 Why Are Banks Angry?
According to the ABA, allowing Ripple to operate under a trust banking charter could:
⚠️ Blur the definition of what a “bank” actually is
⚠️ Create regulatory loopholes (regulatory arbitrage)
⚠️ Increase competition from crypto-native firms
ABA president Rob Nichols warned that expanding banking charters to crypto companies could introduce systemic risk if oversight isn’t clearly defined.
The lobby has also opposed similar approvals for Circle and BitGo in the past.
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📌 What This Means for Ripple
With its own banking charter, Ripple can:
✔ Move RLUSD reserves from BNY Mellon to its own in-house bank
✔ Offer banking solutions to other crypto companies
✔ Integrate assets from recently acquired firms into its banking arm
This is a major structural win for Ripple, even if controversial.
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📉 XRP PRICE ACTION (Still Weak)
Despite the positive regulatory milestone:
XRP remains below $2.00
Price is under Super trend + all major moving averages
Risk remains for a drop toward $1.50 if support breaks
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📊 ETFs & Volume Reality Check
Spot XRP ETFs added $20M in a single day
Total inflows now near $974M
Net assets: $1.1B
But…
👉 24h XRP trading volume = $2.4B
ETF inflows are still too small to move price meaningfully.
This mirrors BTC price action, which also stayed weak despite massive institutional buying.
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🧠 TL;DR
Ripple winning on regulation & infrastructure
Banks are nervous about new competition
Price still needs technical confirmation
Fundamentals improving.
The market is still cautious.
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Do you think XRP breaks $2 again soon — or revisits $1.50 first?
Comment 👇
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