Ripple Secures Conditional Approval from OCC to Establish Ripple National Trust Bank
OCC Approval for Ripple National Trust Bank: Ripple has received conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) to charter Ripple National Trust Bank, allowing it to operate under federal oversight alongside other digital asset firms.
Regulatory Compliance and Services: The approval supports Ripple's stablecoin, RLUSD, which will be supervised at both state and federal levels, and once conditions are met, the bank will offer custody and payment services.
Industry Context and Partnerships: Ripple's approval comes amid ongoing discussions in Washington regarding stablecoin regulations and digital asset market structure, and the company has also partnered with European bank AMINA for cross-border payments.
Future Plans and Federal Reserve Access: Ripple is seeking a Federal Reserve master account to enable direct settlement through U.S. payment systems, further integrating its services into the traditional banking framework.
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Technical Analysis for BANK
Technical Sentiment Analysis for Lorenzo Protocol (BANK) As of , Lorenzo Protocol (BANK) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 11 technical signals, shows that 5 indicators are flashing buy, while 6 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BANK stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, BANK is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Lorenzo Protocol (BANK) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00255 | 0.0161 | 0.0263 | 0.0399 | 0.0501 | 0.0637 | 0.0739 |
| Fibonacci | 0.0161 | 0.0252 | 0.0308 | 0.0399 | 0.049 | 0.0546 | 0.0637 |
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