15.12.202511:16 Forex Analysis & Reviews: Ripple, Circle, and BitGo could become national trust banks in US

Last week, there were some intriguing developments regarding several cryptocurrency companies.

It was revealed that the US banking regulator (OCC) has conditionally approved applications from Ripple, Circle, BitGo, Paxos, and Fidelity Digital Assets to obtain the status of national trust banks. This decision could significantly alter the landscape of the crypto industry in the US. Achieving national trust bank status opens up a range of advantages for these companies, including the ability to interact directly with the Federal Reserve and reduced regulatory costs. Additionally, it greatly enhances their credibility with both institutional and retail investors.

One key aspect is that a national trust bank can hold client assets according to stricter standards set by the federal government. This entails a higher level of security and protection against potential risks such as hacking and fraud. For Ripple, whose activities are particularly linked to XRP transactions in the banking sector, this could be a crucial step toward legitimizing and integrating into the traditional financial system.

Circle, behind the USDC stablecoin, will strengthen its market position and expand opportunities for integrating USDC into various financial services. BitGo, specializing in the storage of digital assets, will have the chance to provide its services to a broader range of clients, including large institutional investors. Paxos, known for its PAX stablecoin, will also reinforce its position as a reliable provider of cryptocurrency solutions.

Fidelity Digital Assets, a division of the giant Fidelity Investments, will be able to offer its clients a broader array of services related to digital assets, including custody, trading, and management. This OCC decision could serve as a vital step toward increased acceptance of cryptocurrencies by institutional investors and traditional financial institutions.

Trading recommendations:

Regarding the technical outlook for Bitcoin, buyers are currently targeting a return to the $90,800 level, which opens a direct path to $93,000, and from there, it would not be far to $95,000. The ultimate target will be around the peak at $97,300, and surpassing this level would indicate attempts to return to a bullish market. Should Bitcoin decline, I anticipate buyers at the $88,100 level. A return of the trading instrument below this area could quickly push BTC down to around $85,800, with the further target being the $83,200 region.

For Ethereum, clear consolidation above the $3,126 level opens a direct path to $3,233. The ultimate target will be around the peak at $3,349, and exceeding this level would indicate a strengthening of bullish market sentiments and renewed buyer interest. If Ethereum declines, I expect buyers at the $3,023 level. A drop below this area could swiftly send ETH down to around $2,924, with the further target being the $2,858 region.

What we see on the chart:

- Red lines indicate support and resistance levels where either a price slowdown or active growth is expected;

- Green lines indicate the 50-day moving average;

- Blue lines indicate the 100-day moving average;

- Light green lines indicate the 200-day moving average.

Typically, a crossover or price test of these moving averages either halts market momentum or sets a new directional impulse.