XRP rebounded this week within the $1.34 to $1.35 range, rising to $1.40 on the 14th, with a 24-hour gain of 4.3%. As the price strengthened, Ripple’s ecosystem saw several new developments, including on-chain fund differentiation, RLUSD expansion, and progress in institutional business initiatives. The market is also closely watching the upcoming procedural vote in the U.S. Senate on the CLARITY bill.
On-chain funds are showing divergence.
On-chain data shows that retail and large holder activities continue to diverge. The article notes a wave of retail selling near $1.3459, while larger wallets accumulated positions at this level. A similar scenario occurred prior to XRP’s rise to $1.68 in August.
This data indicates that current XRP trading is no longer driven solely by retail sentiment, as institutional and large account participation is increasing.
The supply of RLUSD continues to expand.
The total supply of Ripple’s stablecoin RLUSD has risen to approximately $2.42 billion, representing over a 50% increase over the past 30 days. Of this, approximately $1.37 billion is on the Ethereum network and $1.05 billion is on the XRP Ledger.
Meanwhile, German logistics and manufacturing company TRATON has integrated Ripple’s funds management infrastructure, enabling the use of both XRP and RLUSD on the same platform. According to the article, RLUSD can be used to expedite cross-border transfers before converting to local currency, while XRP is incorporated into the company’s funds management system for real-time valuation and audit logging.
Institutional business continues to advance.
The article also mentions that a blockchain-based tokenized fund has received approval from European regulators. Its operational structure includes BNY Mellon as the custodian for the underlying assets, Komainu as the custodian for digital assets, and Licuido providing the tokenization infrastructure. The fund maintains the investment objectives, risk profiles, and regulatory protections of traditional share classes.
On the product level, Jazzi Cooper, Head of Products at Ripple, stated that institutional credit remains an underdeveloped area in on-chain finance and could become the next use case for XRP. The XRP Ledger’s lending protocol currently supports fixed-term loans funded from single-asset vaults, with borrower vetting conducted offline and the lending process running on XRPL. Related updates are expected to be released next week with XRPL 3.4.0.
The market is watching the U.S. legislative vote.
In addition to ecosystem developments, policy factors have become a key variable in XRP trading this week. Reports indicate that Senate Majority Leader John Thune is pushing for Democratic support to advance the CLARITY Act to a procedural vote on Tuesday, with further provisions still subject to negotiation.
Market commentators believe this cloture vote represents the closest approach yet to overcoming this procedural hurdle in cryptocurrency legislation. If the vote proceeds smoothly, it could further boost market expectations for clearer U.S. cryptocurrency regulation.
In addition, Ripple has recently expanded its team and assigned its Middle East and Africa policy lead, Abdallah Mukalled, to attend the Dubai Middle East Stablecoin Forum on September 17, demonstrating the company’s continued commitment to expanding its global market presence.