XRP price outlook: Banking license, Solana expansion, $1 billion ETF inflows

Ripple’s US banking license: Regulatory progress, with conditions

Ripple has cleared a significant regulatory hurdle after receiving preliminary, conditional approval from the US Office of the Comptroller of the Currency (OCC) to form Ripple National Trust Bank, N.A. 

The proposed trust bank would focus on crypto custody, safekeeping and the management of reserves backing RLUSD, Ripple’s US dollar-denominated stablecoin. Importantly, Ripple must still meet capital, liquidity, compliance and operational requirements before the charter becomes fully effective.

XRP expands to Solana: wXRP and cross-chain liquidity

Another notable development is the launch of wXRP on Solana, issued by regulated custodian Hex Trust and enabled by LayerZero’s cross-chain infrastructure. Each unit of wXRP is backed 1:1 by XRP held in custody and can be redeemed back to the XRP Ledger at any time.

It allows XRP liquidity to be used across Solana’s decentralised exchanges and lending protocols, while maintaining exposure to the underlying asset.

While cross-chain expansion can increase utility and visibility, it also introduces custodial and bridge-related risks, a factor markets have become increasingly sensitive to following a series of high-profile bridge incidents in recent years.

Spot XRP ETFs cross $1 billion milestone

Perhaps the most immediate signal of demand comes from the ETF market. Following a rapid launch wave in November, US spot XRP ETFs have collectively surpassed $1 billion in assets, driven by strong early uptake across multiple issuers.

Products from Canary Capital, Franklin Templeton, Bitwise and others now provide regulated, exchange-traded access to XRP for institutional and traditional investors. Fee competition — particularly from low-cost offerings — has also helped accelerate adoption.

XRP price outlook

That said, ETF inflows have not translated into a sustained price breakout. This mirrors patterns first seen in BTC and ETH ETFs, where structural demand builds gradually rather than triggering immediate upside.

As of the time of writing, XRP trades near $1.88 to $2.00 — down roughly 5% over the past 24 hours — extending a broader pullback that has taken the token well off its Q3 2025 highs above $3.50. From that peak, XRP has now retraced close to 45%, placing it back in a corrective phase.

The Federal Reserve’s 25-basis-point rate cut on December 10, widely viewed as a potential tailwind for risk assets, ultimately turned into a ‘sell the news’ moment. Forward guidance pointing toward a more cautious stance for 2026 has kept financial conditions tight and enthusiasm suppressed.

Against these macro conditions and project developments, technical price levels provide a useful frame for understanding where XRP could stabilise or resume broader trends.

XRP technical levels

With XRP now trading below the $2 mark, the technical picture is increasingly fixated on where downside pressure might stabilise and what it would take to restore confidence.

On the downside, $1.85 to $1.90 has emerged as the most immediate support zone. This area corresponds with recent intraday lows and marks the level where buyers have so far stepped in to slow the latest selloff. A sustained hold here would suggest that selling pressure is easing in the short term.

If that zone gives way, attention would likely turn to the $1.75 to $1.80 range, which has acted as a secondary demand area during prior pullbacks this year. Below that, $1.60 to $1.70 represents a deeper support band tied to mid-2025 consolidation. This would likely only come into play if broader market conditions deteriorate further.

On the upside, the $2.00 resistance level remains a psychological hurdle, but the more consequential test sits slightly higher. The $2.15 to $2.22 zone has repeatedly acted as a pivot throughout recent months, serving as both support and resistance during periods of volatility. A clean reclaim of this range would be the first technical signal that downside momentum is losing control.

Beyond that, $2.33 to $2.40 marks the next resistance band, an area where previous rebounds have stalled and where sellers may again look to reduce exposure unless sentiment improves decisively.

This forms part of our ongoing coverage of how macro forces and protocol-level changes are shaping crypto markets.

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Although the term ‘stablecoin’ is commonly used, there is no guarantee that the asset will maintain a stable value in relation to the value of the reference asset when traded on secondary markets or that the reserve of assets, if there is one, will be adequate to satisfy all redemptions.