Ripple secures OCC bank approval, XRP tests $1.30 ahead of Swell

XRP recorded a 0.62% gain over the past 24 hours, rising to $1.29 and slightly outpacing the broader cryptocurrency market, based on CoinMarketCap data. Ripple , a payment technology company known for its XRP-powered payment solutions, secured final approval from the Office of the Comptroller of the Currency (OCC) on October 26, 2026, for its new national trust bank. CEO Brad Garlinghouse stated that this authorization establishes a federally supervised trust platform designed to support RLUSD reserves and offer enterprise-grade digital asset custody. Ripple’s new federally chartered institution will operate under direct regulatory oversight, creating additional assurance for enterprise and institutional clients seeking compliant crypto solutions.

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