Ripple’s recent bid for a U.S. banking charter and a Federal Reserve master account has captivated the cryptocurrency community, with Vincent Van Code, a software engineer and long-time XRP advocate, leading the charge. Announced just two days ago, this significant move could transform Ripple into a pioneering crypto bank, bridging the gap between digital assets and traditional finance.
Ripple’s Bold Move into Banking
On July 2, Ripple confirmed its ambitious pursuit of a U.S. banking charter and a Federal Reserve master account. Such regulatory achievements would enable Ripple to establish itself as a full-service financial institution. The implications are profound: Ripple could potentially hold reserves directly with the Fed, bypass commercial banks, and offer FDIC-insured deposit accounts—even for certain crypto assets, to the tune of $250,000. This move aligns with the broader trend of crypto companies seeking legitimacy, as discussed in our recent article on Ripple’s banking license application.
Van Code’s insights, shared on social media platform X, depict a potentially revolutionary shift. “With Ripple announcing they are seeking a banking charter as well as a Fed master account, this means they will be the very first crypto bank,” he enthused. The move could allow Ripple to operate as a conduit between fiat and crypto, lending against assets like XRP and fully integrating insured crypto banking with cross-border remittances.
The XRP Price Conundrum
In a rare move, Van Code ventured into price prediction territory, suggesting XRP could soar to a range of $30–$50. “I usually don’t predict XRP price but often get asked, so here it is FINALLY,” he wrote. His prediction, he insists, is not baseless. Instead, it’s rooted in unfolding macroeconomic trends and market catalysts, including the potential for an XRP spot ETF approval and massive institutional capital inflows.
Van Code’s optimism is further bolstered by RippleNet’s potential to capture a substantial portion of the $1 trillion cross-border payments market. The anticipated global adoption of XRP as a bridge asset for central bank digital currency (CBDC) corridors in over 50 countries adds weight to his forecast. Even the notion of XRP being used in Saudi oil settlements, linked to Ripple’s collaboration with the Saudi central bank, is on the table.
Skepticism and Optimism
The XRP community has responded with enthusiasm—and skepticism. The prospect of XRP reaching a market cap in the trillions, implied by Van Code’s price targets, is viewed as overly optimistic by some. However, for those who see Ripple’s regulatory pathway as a roadmap to legitimacy, the convergence of a Fed master account, bank charter, ETF inflows, and global adoption isn’t just a dream—it’s an achievable goal. For a contrasting perspective, see our analysis on whether XRP’s price might fall below $2.
Van Code acknowledges the spectrum of opinions within the community. “People weighed in on XRP price… Lots of interesting opinions. But common across all is everyone expecting price to at least 5x. This is a great sign,” he noted, highlighting the sentiment among XRP enthusiasts.
The Future of Ripple and XRP
As of today, XRP is trading at $2.27. While it remains to be seen whether Van Code’s predictions will materialize, the buzz around Ripple’s regulatory ambitions—and their potential impact on XRP—has certainly injected excitement into the market. For now, the crypto world watches closely, waiting to see if 2025 will indeed mark the beginning of a new era in the intersection of digital and traditional finance.
Ripple’s journey is far from over, raising questions about whether this trend can continue and what it means for the future of crypto banking. For investors and enthusiasts alike, the unfolding developments offer a tantalizing glimpse into what may lie ahead in the ever-evolving landscape of digital currency.
Source
This article is based on: XRP Could Hit $50 If Ripple Gets Bank License, Claims Crypto Pundit
Further Reading
Deepen your understanding with these related articles:
- Why is XRP Up Today? Trio of Catalysts Sees Token Outperform Wider Crypto Market
- Swiss Bank AMINA Introduces Custody, Trading With Ripple’s RLUSD Stablecoin
- Ripple (XRP) Price Predictions, Recent Binance Changes, and More: Bits Recap July 4th
Steve Gregory is a lawyer in the United States who specializes in licensing for cryptocurrency companies and products. Steve began his career as an attorney in 2015 but made the switch to working in cryptocurrency full time shortly after joining the original team at Gemini Trust Company, an early cryptocurrency exchange based in New York City. Steve then joined CEX.io and was able to launch their regulated US-based cryptocurrency. Steve then went on to become the CEO at currency.com when he ran for four years and was able to lead currency.com to being fully acquired in 2025.
