🗓️ Here’s your #XRP Report for the week:
🏛 Ripple Applies for U.S. Banking License
🔹 #Ripple is making bold regulatory moves with its application for a U.S. national bank charter.
🔹 A Fed master account application is also underway, aiming to cement Ripple’s role at the core of U.S. finance.
🔹 These moves could set a precedent for full federal oversight of crypto-native financial institutions.
🏦 BNY Mellon to Custody #RLUSD Reserves
🔹 Ripple selected BNY Mellon to custody cash and T-bills backing its stablecoin RLUSD.
🔹 BNY, America’s oldest bank, oversees $52T in assets and will manage RLUSD’s safekeeping and liquidity.
🔹 RLUSD surpassed $500M in circulation, just 7 months post-launch, adding blue-chip credibility to Ripple’s stablecoin strategy.
⚖️ Big Picture
🔹 Ripple continues to lean into U.S. regulation, not away from it.
🔹 Senate testimony from Brad Garlinghouse emphasized blockchain’s transparency-first design over legacy regulation.
🔹 Crypto isn’t resisting the system, it’s rebuilding it, on-chain.
📊 Market Watch: $XRP Breaks Out Above Resistance
🔹 XRP is trading at $2.82, with a weekly gain of 8.5%.
🔹 Broke out of a multi-month symmetrical triangle; resistance at $2.34 cleared.
🔹 Analysts now eye $2.60+ as the next major level.
🔹 Technicals: Positive TSI crossover + Parabolic SAR flip confirm bullish momentum.
🔹 XRP remains one of the most held altcoins among long-term investors.
đź’¬ Is Ripple setting the tone for the next era of U.S. crypto regulation?
👇 Drop your take below!
#XRPArmy #XRPCommunity #XRPHolders #XRPLedger #Altcoins #DeFi #Blockchain
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