- Ripple has secured key licenses in New York and Texas, boosting U.S expansion plans
- XRP saw an 8.15% uptick, with 88% community confidence for growth in 2025
2025 has proven to be a pivotal year for the cryptocurrency sector’s landscape, with Donald Trump’s second term as U.S President aligning favourably.
Alongside the likes of Bitcoin, Ripple and XRP have also gained much-needed significant momentum.
Ripple gains money transmitter licenses in two major U.S states
In fact, Ripple recently acquired Money Transmitter Licenses (MTLs) in New York and Texas, marking a key milestone in its U.S expansion plans.
These licenses would enhance Ripple’s ability to offer compliant cross-border payment solutions, further solidifying its position as a major player in streamlining financial transactions for both institutions and crypto businesses.
As expected, these licenses are particularly valuable in regions with strict regulatory frameworks, allowing Ripple to offer a fully compliant, end-to-end cross-border payment solution.
As demand for real-time payments continues to grow among banks and crypto companies, Ripple’s global expansion will strengthen its position as a trusted provider in the digital payments space. Right now, it has over 60 licenses under its name.
Remarking on the same, Joanie Xie, the company’s Managing Director for North America added,
“We are witnessing growing attention from financial organizations and crypto businesses willing to reap the rewards of blockchain and digital assets.”
This coincides with…
Interestingly, Ripple’s recent licensing milestones come amid a positive shift in U.S regulatory sentiment toward cryptocurrencies, with the new Trump administration signaling support for blockchain technologies.
In a significant move, the SEC repealed SAB 121, easing restrictions on banks offering digital asset custody services. This marks a step towards deeper integration of blockchain within traditional finance.
Hence, despite being caught up in a legal battle with the SEC over the classification of XRP sales, the company remains optimistic. Particularly with the possibility of a more favorable SEC Chair under the current administration.
XRP’s price action
At the time of writing, XRP was trading at $3.15, following a notable 8.15% hike in the last 24 hours. Its positive sentiment was further reinforced by the community’s confidence, with 88% of its participants expressing a bullish outlook.
Additionally, XRP’s strong fundamentals seemed to be evident, with a healthy RSI, consistent whale buying, and FOMO driving active addresses to new levels.
Thus, while the ongoing HODLing sentiment could propel XRP toward the $5-mark, any shifts in confidence among stakeholders might pose a major challenge.
