**XRP Whales Keep Buying as Ripple Makes Big BlackRock-Related Announcement** • Ripple and Securitize launched a smart contract enabling holders of BlackRock's BUIDL and VanEck's VBILL to exchange shares for Ripple's stablecoin RLUSD, enhancing liquidity and utility for tokenized assets. • XRP wh
Regulation & Gov ·
Ripple and Securitize deployed a smart contract that permits holders of BlackRock's BUIDL and VanEck's VBILL tokenized shares to exchange those assets for RLUSD, Ripple's stablecoin. The integration aims to improve market liquidity and expand use cases for institutional tokenized products.
Coinciding with the announcement, large XRP holders accumulated over 470 million tokens in a five-day period, representing approximately $724 million in acquisition value. The buying activity signals sustained whale interest in the asset amid broader market developments.
XRP has traded with material volatility recently, reaching $1.65 before retreating below $1.50. The token faces a technical threshold at $1.60; whether accumulation translates into sustained upside remains contingent on whether price action breaks through that resistance. The mechanics linking whale buying behavior to the Securitize partnership announcement remain unconfirmed.