Ripple secured conditional approval for a national trust bank charter in December 2025, with a Federal Reserve master account still pending.

In December 2025, Ripple obtained conditional approval from the Office of the Comptroller of the Currency (OCC) for a national trust bank charter. The company has separately applied for a Federal Reserve master account, which is still pending.

A trust charter covers custody, fiduciary services, and federal oversight of Ripple's RLUSD stablecoin, but does not permit customer deposits or FDIC insurance. A Fed master account would allow Ripple to settle payments directly through Fedwire and FedNow (the central bank's payment systems) instead of relying on commercial banks as intermediaries.

XRP has historically rallied on regulatory clarity: it rose roughly 72% within 24 hours after a U.S. judge ruled on July 13, 2023 that XRP was not a security on public exchanges. The token rallied to $3.65 on July 18, 2025 ahead of the SEC lawsuit dismissal on August 7, 2025.

XRP traded at around $1.28 as of the article date. For a sustained bullish run, the CLARITY Act must become law and provide regulatory certainty, and XRP ETF inflows would need to stay consistent and push above $100 million a month.