Ripple Pursues Banking License Amid Dogecoin Price Increase

Ripple is actively applying for a US banking license as Dogecoin experiences a price increase, with no official confirmation from Ripple’s CEO or any regulatory body as of July 2025.

The potential Ripple banking license could enable US dollar clearing and enhanced crypto-banking integration, while Dogecoin’s price rally sparks market curiosity without clear institutional backing or endorsements.

Ripple Targets US National Banking License

Ripple is seeking a US national banking license, a move that could significantly enhance its capabilities for crypto-to-bank bridging. Despite circulating reports, no official confirmation is available from Ripple or regulatory authorities as of July.

Brad Garlinghouse, CEO, Ripple, has not issued an official tweet or blog post confirming a US banking license grant as of this date.

Concurrently, Dogecoin’s price surged past $0.16, gaining investor attention. This increase in price appears driven by retail momentum rather than institutional or strategic developments from Dogecoin’s core contributors or its prominent figure, Elon Musk.

Dogecoin Price Hits $0.16, Sparking Debate

Ripple’s potential banking license would facilitate direct dollar clearing and custodial banking mechanisms in the US market. However, Ripple has made no public confirmations regarding this application process or its anticipated completion.

Dogecoin’s price increase to $0.16 triggered speculative discussions about hitting higher targets if retail support remains. Yet, there is no concrete evidence of new institutional investments or regulatory developments backing this rally.

Ripple’s Banking Ambitions Versus Dogecoin’s Retail Surge

Dogecoin rallies have previously seen significant spikes, with 2021 and 2023 meme rallies leading to substantial price movements followed by corrections. Ripple’s regulatory milestones have impacted XRP volatility in the past.

Kanalcoin experts note that while the potential banking license represents a milestone for Ripple, DOGE’s price movement seems retail-driven, echoing meme rally characteristics without new institutional or regulatory backing as of July 2025.

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