Ripple has received conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish Ripple National Trust Bank. This development allows Ripple to manage non-fiduciary activities and brings it closer to operating within the U.S. banking system. The approval is expected to enhance Ripple's RLUSD stablecoin management and expand its cross-border payments services. The OCC's ruling, effective April 1, permits national bank charter applicants to engage in custody and safekeeping activities. Ripple President Monica Long highlighted the significance of this charter, emphasizing its potential to transform XRP and global payments. The approval is seen as a boost for Ripple, with XRP's price rising nearly 5% to $1.35 following the announcement. However, the OCC's decision has faced criticism from banking groups, including the Bank Policy Institute, which represents major banks like JPMorgan and Goldman Sachs. They argue that the ruling creates an uneven playing field and are considering legal action against the OCC.