Key Insights
- XRP News: XRP broke out of a multi-month downtrend above $2.30 with price targets up to $4.80.
- Ripple’s RLUSD stablecoin won custody and trading support from Swiss-regulated AMINA Bank.
- Ripple is applying for a U.S. bank charter to offer crypto banking under OCC oversight.
According to XRP news, the Ripple cryptocurrency finally managed to escape a long downward trendline. At the same time, the XRP company was able to establish a record-breaking collaboration with the Swiss-based AMINA Bank.
This is a step that will incorporate the new stablecoin by Ripple, RLUSD, into the European financial sector through the formation of an institution controlled by FINMA. Technical indicators and further development of the global infrastructure have prompted analysts to identify XRP price target at $4.80 as institutional traction increases.
XRP News: Swiss Deal Anchors RLUSD in Regulated European Banking
According to the latest XRP news, Ripple onboarded AMINA Bank, formerly SEBA Bank, to offer custody and trading services for RLUSD. This marks the first time a traditional Swiss bank will support Ripple’s stablecoin.
RLUSD is pegged 1:1 to the U.S. dollar and backed by segregated reserves. With FINMA oversight, it now gained access to institutional and private banking clients across Europe.
In the XRP news, AMINA cited Ripple’s compliance-first structure as a key reason for the partnership. Myles Harrison, AMINA’s Chief Product Officer said,
“We are proud to be the first bank to support RLUSD and to provide our clients with access to one of the most anticipated digital assets in the market. Ripple’s commitment to transparency and compliance make them ideal collaborators.”
This aligns with the European MiCA regulatory regime, reinforcing Ripple’s positioning as a compliant digital finance player. The XRP news builds on RLUSD’s prior approvals from New York and Dubai regulators, and its integration into Ripple’s enterprise payments network.
XRP News: Ripple Expands Stablecoin Role
Swiss partnership is a greater plan of RLUSD strategy connected to the expansion of Ripple worldwide. Under this roadmap, Ripple implemented RLUSD in Hidden Road, a crypto-to-tradfi prime brokerage it bought off at a value of $1.25 billion. The action helps to promote XRP news and further solidified the Ripple financial infrastructure.
Furthermore, the stablecoin is already operational on Ripple Payments as enterprise customers iSend and BKK Forex use it to conduct cross-border transactions.
Ripple is also seeking a U.S. national bank chartering in the Office of the Comptroller of the Currency (OCC). This would enable Ripple to be in the full position of providing crypto banking capabilities on a regulatory umbrella of the American financial system.
In case it passed, RLUSD would be similar to regulated stablecoins such as USDC but with Ripple infrastructure. The XRP news showed that Ripple was keen to control the regulated liquidity networks of both digital and traditional assets settlements that will facilitate XRP utility.
XRP Price Shows Breakout With $4.80 Target
The daily XRP/USDT chart from Binance showed a clean breakout above a long-standing descending resistance line formed since February. The breakout occurred just above the $2.30 level. Since then, XRP price held above this line with strong momentum, a key technical confirmation.
In addition, the chart projected a parabolic move, indicating potential targets of $2.80, $3.60, and ultimately $4.80. This projection is consistent with historical XRP cycles where breakouts from descending channels triggered multi-leg rallies.
The current setup also includes a bullish pattern of higher lows from May through July, confirming upward momentum.
Analysts view this breakout as a potential shift from consolidation to an aggressive markup phase, especially as XRP news aligns with the price structure. If XRP price sustains above $2.50, the rally toward $3.60 and $4.80 could materialize by August.
Moreover, Switzerland’s DLT Act and AMINA’s connection to Deutsche Bank-backed Taurus, an issuer of tokenized securities, reinforce the regulatory clarity Ripple is leveraging.
Meanwhile, following the XRP news, the top altcoin showed renewed strength after reclaiming key support. XRP price is now predicted to hit $27 if it breaks the $2.35 resistance, which holds over 491 billion XRP in short positions.
