Is XRP on the Brink of a Comeback? You Won’t Believe What Just Happened! 😱

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Key Takeaways

How will Ripple help BlackRock? 🤔

So, it turns out fund holders of BlackRock’s BUIDL can swap their shares for RLUSD. Yup, you heard that right! Instant liquidity on-chain, because who actually enjoys waiting for anything these days? 🙄

How will it benefit XRP? 💰

Well, the news didn’t exactly make XRP jump up and down like a kid in a candy store; it’s still playing nice with the mood swings of the entire market. So relatable!

In another riveting twist, Ripple [XRP] just dropped the bomb that they’re offering off-ramp support for BlackRock’s fancy tokenized money market fund, BUIDL. Hold onto your hats-fund holders can switch it up 1:1 with RLUSD stablecoins. Who saw that coming? 🙌

And wait for it… VanEck is getting in on the fun too! Their tokenized product, VBILL, is about to join the party. Ripple’s CEO Brad Garlinghouse is calling it a ‘real utility’-because if it doesn’t make your life easier, what’s the point?

And, hey, if you’re into Ethereum [ETH], good news! They’re bringing this swap feature there too, before eventually expanding into the XRPL ecosystem. Kind of a big deal! 🚀

Market reactions

Guess what? This off-ramping magic is thanks to a cozy partnership with Securitize-aka the fairy godmother of real-world asset tokenization behind VBILL and BUIDL. 💪

But let’s keep it real; normally, off-ramping involves awkward bank transfers and even worse, waiting. But who has time for that? Enter RLUSD for a super-fast exit strategy. 💨

Oh, and let’s not pretend RLUSD is the first to the party. Circle made headlines in April 2024, allowing BUIDL fund holders a smooth escape route via USDC. You know, keeping it competitive out there! 🎉

As we speak, RLUSD boasts a glamorous market cap of $742 million and has casually grown by 8% in the last month. Meanwhile, Circle’s USDC is sitting pretty with a $73.6B market cap. All the cool kids are there! 🤑

And don’t sleep on Ethena’s [ENA] USDe and PayPal’s PYUSD-they’re out here posting double-digit growth while being all flashy with partnerships and high yields. Is it getting steamy in here, or is it just crypto? 🔥

But let’s give RLUSD some credit; it burst onto the scene last December and is impressively trying to scale up its game. Gotta respect the hustle! 🚀

According to Jack McDonald, the SVP of stablecoins at Ripple, this partnership is just the next logical step to unite traditional finances and the unpredictable world of crypto. Hold on tight, folks!

And Carlos Domingo, CEO of Securitize, clarified that the integration is all about slicking up liquidity for tokenized assets. Because why wouldn’t you want as much liquidity as possible? 💧

But hold your horses-XRP is still hanging on by a thread after that dramatic liquidation scene. It’s down about 10% from its September high of $3.2. However, let’s keep hope alive as it’s defending the H2 support at $2.7. Fingers crossed! 🙌 On the downside, it’s flirting with a bearish descending triangle pattern that’s just waiting to drag it down if it gets validated.

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2025-09-25 09:16