Ripple’s Bid for Banking Charter Could Transform XRP Market Dynamics

Vincent Van Code, a software engineer and XRP advocate, discussed Ripple’s pursuit of a US banking charter and a Federal Reserve master account. This development positions Ripple as a potential leader in crypto and traditional finance.

  • Ripple aims to become the first crypto bank, allowing it to hold reserves directly with the Fed.
  • The move could enable Ripple to offer FDIC-insured deposit accounts and lend against crypto collateral.
  • A master account would provide access to Fed payment systems like Fedwire and FedNow.
  • Ripple's integration into domestic and international payment flows is anticipated through its remittance infrastructure, RippleNet.

Impact On XRP Price

Van Code made a price prediction for XRP, estimating it could reach $30–$50, influenced by:

  • Potential spot ETF approval for XRP.
  • Institutional capital inflows of $20–$50 billion.
  • Approval of Ripple’s master account.
  • RippleNet aiming for 20–30% of the $1 trillion cross-border payments market.
  • Global adoption of XRP as a bridge asset for CBDCs in over 50 countries.
  • Increased demand for Ripple's stablecoin RLUSD.
  • Collaboration with the Saudi central bank for oil settlements.

At the time of reporting, XRP was trading at $2.27.

XRP price