Ripple Labs inked a crucial deal with Securitize to introduce the tech company’s native RLUSD stablecoin. This represents a follow-up from the strategy disclosed last month, when Ripple announced that BlackRock’s BUIDL & VanEck’s VBILL tokenized U.S. Treasury holders will be able to cash out directly to RLUSD immediately.
BlackRock’s $30B Entrance Into RWA Via RLUSD
This puts Ripple’s freshly-launched stablecoin at a very favorable position in the $30 billion Real World Asset (RWA) market, enhancing XRP coin’s liquidity worldwide. This collaboration is bringing crypto mainstream, mostly thanks to the recent approval of Genius & Clarity Acts, two critical legislation bills focused on American-made stablecoins.
In spite of this bullish gesture, the OG altcoin tumbled below the $3 psychological threshold, now with $2.82 price levels acting as resistance. This puts XRP’s price 22.5% below the all-time high of $3.65, inked over three months ago. With the ongoing market sentiment turning from bullish to mixed, XRP’s Fear & Uncertainty (FUD) levels rise to long-unseen levels.
Bearish Social Sentiment Still Prevalent On XRP
The salty social sentiment on XRP might not necessarily be a bad thing. Per latest Santiment analysis, the social blockchain intelligence company unraveled a story seen many times before. According to them, Ripple coin (XRP) is definitely seeing the highest level of FUD, or negative social sentiment, since Donald Trump’s tariffs were originally imposed 6 months ago.
Within the past 3 days, bearish commentary on Ripple’s (XRP) price movement has outscored bullish comments, but that might just be the bullish impulse the XRP Army had been waiting for. Judging from historical price data, the “overly fearful” crypto crowd had pushed the Bullish vs. Bearish ratio to 0.86. Such behavior usually precedes a bullish breakout, Santiment said.
As of press time, the #4 ranked OG altcoin is changing hands at $2.82, stepping aside from the third largest crypto asset position due to BNB coin’s uprise to $1,330.
With multiple big legal wins, Ripple’s exponential growth could only be put on hold if the United States (USA) government shutdown is prolonged to the level where all of the exchange-traded fund (ETF) submissions are indefinitely paused.
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People Also Ask:
XRP hit $2.82 today, fluctuating after Securitize’s October 8 tweet highlighted RLUSD redemptions for BlackRock and VanEck funds, sparking optimism.
No official deal, but Securitize’s Forbes-backed RLUSD-onchain plan with Ripple hints at institutional play, fueling the price surge.
X sentiment leans bearish, with traders wary of hype over substance—RSI near 70 on TradingView flags overbought risks.
If RLUSD adoption via Securitize grows, it might stabilize—otherwise, bearish pressure could pull it back to $2.60.
A push to $3 is possible with bullish news, but a drop to $2.60 looms if bears capitalize on the wobble.
