XRP (CRYPTO: XRP) surged 3.5% as Teucrium CEO Sal Gilbertie said Ripple could become a top 20 global bank by capitalization at $3 per XRP or a top 10 bank at $6 if the company secures a banking license and holds 40 billion XRP on its balance sheet.

The Banking License Math

Gilbertie on Sunday explained Ripple’s potential path to becoming one of the world’s largest banks by capitalization. 

“There’s one of the leading theories that they just hold that on their balance sheet, they get their banking license, and they become a top 20 capitalized bank in the world,” Gilbertie said on the Coin Stories podcast.

“That’s with XRP at $3. XRP goes to some multiple of $3, they become a top 10 bank, or even the top bank in terms of capitalization,” he added.

The math is straightforward. Ripple holds approximately 40 billion XRP. At $3 per token, that equals $120 billion in balance sheet value, catapulting the company into the top 20 global banks by market capitalization. 

At $6 per token, the valuation reaches $240 billion, potentially placing Ripple in the top 10 or even number one.

The Banking License Status

Ripple filed to become a bank, setting the stage for this scenario. If approved, the company could hold its massive XRP treasury on the balance sheet as a regulated banking institution rather than as a payments company.

“That would be insanely astounding, and I think a lot of people are sleeping on that idea,” Gilbertie said. 

The transformation would shift Ripple from payments infrastructure provider to a full-fledged financial powerhouse with banking credentials.

XRP Tests Critical Resistance

XRP is showing some life after weeks of selling. Price bounced off the $1.20 support zone and is attempting a recovery, but the overall structure demands caution.

The descending channel boundaries are clearly respected, and price currently hovers near the lower half of that channel.

All four EMAs remain stacked bearishly above price. The 20 EMA at $1.4106 is the only one near current price, while $1.5064, $1.7054, and $1.9606 sit as layered resistance walls above.

The Supertrend indicator sits at $1.5890, just above current price. Until XRP closes a daily candle above $1.5890, the trend remains officially bearish. That level is the most important number on the chart today.

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