Ripple Nears Banking License Review Deadline
XRP traders are closely monitoring Ripple’s U.S. banking license review by the Office of the Comptroller of the Currency, with the 120-day decision window concluding on November first. The outcome could redefine Ripple’s market integration into traditional finance, determining whether XRP achieves a new level of legitimacy within regulated banking systems and payment networks.
OCC Review Continues Despite Government Shutdown
Unlike many agencies affected by the ongoing U.S. government shutdown, the OCC remains operational due to its independent funding structure. This ensures that Ripple’s charter application remains under active consideration, avoiding procedural delays and maintaining the scheduled timeline for potential approval or extended assessment.
Potential for Mainstream Banking Integration
Approval would position Ripple as a bridge between cryptocurrency and conventional banking, enhancing institutional use of XRP in cross-border payments, settlements, and liquidity operations.
Analysts argue that such a development could drive broader adoption by financial institutions seeking efficient blockchain-based solutions for remittances and treasury management.
Recommended Article: XRP Blockchain Powers the Next Era of Institutional Payments
Political Factors Could Influence Market Outlook
Although the OCC operates independently, President Trump’s appointment of Comptroller Jonathan Gould is viewed by market participants as signaling a more favorable stance toward digital asset firms.
Some experts believe this political environment increases Ripple’s chances of securing approval, which could act as a significant bullish catalyst for XRP heading into year-end trading sessions.
Senate Progress Revives ETF Approval Hopes
Meanwhile, gradual progress toward ending the government shutdown has reignited optimism around pending XRP-spot ETF applications delayed by reduced SEC staffing. Traders expect that once the government reopens, the SEC could approve these filings swiftly, sparking renewed institutional inflows similar to the momentum seen with Bitcoin ETF launches.
Technical Landscape Highlights Critical Price Zones
XRP continues trading below its key moving averages, with resistance forming near $2.62 and deeper support at $2.35 and $2.20 levels.
Analysts caution that volatility will remain elevated as markets digest regulatory updates, though potential ETF approval or banking license confirmation could trigger a breakout above psychological thresholds.
Year-End Outlook Remains Cautiously Bullish
Market observers see multiple tailwinds for XRP, including macro risk stabilization, improving policy sentiment, and strategic partnerships enhancing utility across financial ecosystems.
If Ripple secures its banking license and ETFs gain approval, traders foresee renewed momentum pushing XRP toward the $3 region, reestablishing confidence in its long-term institutional narrative.
