The clock is ticking for Ripple as the blockchain platform inches closer to a crucial decision on its National Trust Bank application. With the 120-day deadline looming large, investors, XRP holders, and the broader crypto community are abuzz with anticipation, wondering what the future holds for Ripple and its native token.
The journey to this point has been marked by meticulous preparation and strategic planning. As the countdown begins, the community is keenly focused on the potential implications of this development and what it could mean for the future of financial services.
Ripple’s Trust Bank Application Decision Looms
On June 30, 2025, Ripple CLO Stuart Alderoty and Timothy Keaney, a senior regulatory executive, officially signed key documents to establish the Ripple National Trust Bank. “Ripple Labs acting as a sponsor proposes to form Ripple National Trust Bank, a de novo national trust bank to be chartered by the Office of the Comptroller of the Currency (the OCC,” read the document. This sets the stage for a pivotal moment in 2025, as the company is racing against the clock to meet the 120-day deadline on October 28, 2025. In an X post, John Squire shed light on the matter, drawing insights into the deadline.
Notably, Ripple’s National Trust Bank seeks to bridge the gap between traditional finance and cryptocurrency, leveraging XRP to facilitate seamless payments, custody solutions, and other financial services within a regulated framework. This integration is poised to revolutionize cross-border transactions, making them faster, more affordable, and secure.
The institution, if approved, will have its headquarters in New York, under the ownership of Ripple Labs. Once approved, it is expected to “conduct activities that complement Ripple’s stablecoin (RLUSD) and other payments businesses, including management of stablecoin reserves and related fiduciary services.” The five-member director board involves five organizers, including Stuart Alderoty.
The June 30 signing marked the beginning of the 120-day countdown, putting Ripple on a tight deadline to meet all requirements by October 2025. With investors and the crypto community watching closely, a successful milestone will demonstrate Ripple’s operational readiness and reinforce confidence, while any delays could raise concerns about the project’s timeline and XRP’s integration into banking services.
It is noteworthy that this comes amid the speculations surrounding Ripple’s XRP ETF launch and SWIFT integration.
XRP Flips BlackRock in Market Cap
Amid the ongoing buzz surrounding the Ripple banking license application and its potential decision, the XRP token is gaining significant traction. Reportedly, the cryptocurrency’s market cap has surpassed that of investment giant BlackRock. While XRP’s market cap was recorded at around $183.4 billion, BlackRock’s figure lagged at $180 billion as of October 5. As the bank application decision day approaches, the token is likely to show more solid performances, overpowering BlackRock and other industry giants.
XRP Price Soars: Is a Bull Run Ahead?
Currently, the XRP token is experiencing a positive rally, driven by the buzz surrounding the Ripple bank. As of press time, XRP is valued at $2.99, up by 5.11% in a day and 6.68% in a week, but down by 0.24% in a day. Despite this bullish trend, traders and investors are showing a cautious approach. This is explicitly shown by the 10% decline in the 24-hour trading volume, which is currently marked at $4.79 billion.
However, experts and analysts are highly optimistic about the token. For instance, STEPH IS CRYPTO is overwhelmingly bullish about XRP. In a series of separate X posts, he shared multiple aspects of the Ripple coin, which indicate its potential uptrend. In a three-day chart, he identified the formation of a bullish flag pattern, which hints at a possible explosion.
Another analyst shared a more bullish prediction, with the target held at $37 or even $180. The analyst noted that XRP’s technicals are looking bullish after the November 2024 breakout from its long-standing 7.5-year descending channel and the crucial 50EMA resistance level. With accumulation above this level, the conditions are ripe for a significant price surge, repeating historical gains.
