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XRP Today News: Ripple collaborates with BlackRock to promote tokenization, XRP is expected to challenge new highs.
Ripple collaborates with BlackRock and VanEck to enter the DeFi tokenization space, providing institutional users with round-the-clock liquidity and cross-chain settlement. This integration not only adds utility to the XRP Ledger (XRPL) but may also serve as an important catalyst for driving the rise of XRP prices. However, the delays in the U.S. regulatory environment and the market structure bill add uncertainty to the future movement of XRP. This article will comprehensively interpret the future development of XRP from the perspectives of cooperation details, regulatory environment, ETF progress, price movement, and potential market scenarios.
Ripple partners with BlackRock: Tokenization enters the fast lane
On September 23, XRP became the market focus. BlackRock and VanEck announced the tokenization of fund shares. Ripple CEO Brad Garlinghouse stated that BlackRock's USD Institutional Digital Liquidity Fund (BUIDL) and VanEck's Treasury Fund (VBLL) holders can now exchange tokenized shares for RLUSD/ETH 24/7 through the Securitize platform, and support for RLUSD/XRPL will be available in the future. This means institutional users will directly benefit from enterprise-grade instant on-chain liquidity.
Ripple officially further pointed out that this is the first time RLUSD has been integrated into the Securitize platform, and in the future, it will expand to include more assets and application scenarios. Securitize will also deeply integrate with the XRP Ledger, bringing new utility and liquidity to the XRPL ecosystem.
Potential Impact of XRP on Holders
This collaboration provides strong institutional backing for XRP. As XRPL becomes an important infrastructure for tokenization of assets, more financial institutions may choose to utilize XRPL for asset tokenization and cross-border settlement in the future. This will not only enhance the market demand for XRP but also is expected to enable XRP to play a more crucial role in cross-asset trading, international remittances, and payment scenarios.
US Regulatory Delays: Uncertainty in Washington
Despite the continuous positive news, Ripple's regulatory outlook in the U.S. remains challenging. Crypto media reporter Eleanor Terrett reported that the Senate Banking Committee's review of the market structure bill, originally scheduled for September 30, has essentially been shelved. The Democratic Party has not provided feedback on the details of the bill, and the potential government shutdown crisis further complicates the process. The new target date may now be postponed to the week of October 20.
The latency of the market structure bill brings uncertainty to the crypto industry. The bill aims to clarify the classification of crypto assets as commodities and securities, and if it cannot be advanced for a long time, it will affect the compliance development of Ripple and the entire crypto market, as well as institutional investor confidence.
XRP Spot ETF Final Deadline Approaches
Coincidentally, the week of October 20 will also welcome the final ruling dates for multiple XRP spot ETFs, including products from Bitwise, Canary Capital, WisdomTree, and CoinShares, with deadlines concentrated between October 23 and 25.
Although the delay of the market structure bill is unlikely to affect the SEC's decision, there has been positive progress regarding the regulatory status of XRP. In 2023, U.S. Judge Analisa Torres ruled that Ripple's programmatic sales of XRP did not meet the third prong of the Howey Test, and the U.S. Court of Appeals also denied the SEC's appeal request this August, thereby confirming XRP's status as a non-security and opening the door for the spot ETF market.
XRP Technical Analysis: Support and Resistance Levels
(Source: TradingView)
On September 23, XRP fell by 0.97%, closing at 2.8264 dollars, continuing a six-day downward trend. The technical indicators show:
Support Level: 2.8 USD and 2.5 USD
Resistance Levels: $3, $3.2, $3.335, and the historical high of $3.66
In the short term, the following catalysts may dominate the price movement of XRP:
· The final ruling on the XRP spot ETF and market demand
· Has BlackRock submitted the iShares XRP Trust application?
· Will blue-chip companies use XRP as a reserve asset
· Has Ripple obtained a banking license in the United States?
· The competitive landscape of SWIFT and Ripple in the cross-border payment market.
Bearish Scenario
If the inflow of funds into the spot ETF is weak, the SEC refuses to approve it, the Ripple bank license application is delayed, or SWIFT continues to dominate cross-border payments, then XRP may fall below $2.8 and further test the $2.5 support.
Bullish Scenario
If ETF funds flow in strongly, BlackRock launches iShares XRP Trust, blue-chip companies purchase XRP reserves, Ripple obtains a banking license, and SWIFT's market share is taken, then XRP is expected to break through 3 dollars, further challenging 3.2 dollars and 3.335 dollars.
Conclusion
Ripple's collaboration with BlackRock opens a new chapter in the institutional tokenization of XRP, injecting unprecedented growth momentum into the XRPL ecosystem. Although regulatory latency and legislative uncertainty in the US remain risk factors, ETF decisions and institutional adoption could become key catalysts for price breakthroughs. Whether BlackRock will launch the iShares XRP Trust may determine if XRP can initiate a new round of pump.