Important Ripple News and XRP Price Updates: September 10

Ripple News and XRP Price Outlook: Summary of Recent Important News

The reason why Ripple continues to be the focus of heated discussion in the cryptocurrency field is mainly due to its ecosystem changes, ETFs progress and XRP price performance. The following are the most important news and development developments worthy of attention in the near future.

Positive developments in the ETF field

Recently, institutional interest in Ripple native tokens remains strong, and capital inflows far exceed outflows. Spot XRP ETF has recorded net inflows for eight consecutive weeks, and the cumulative total net inflows have exceeded US$1.7 billion. Companies that currently offer such products include Bitwise, Franklin Templeton, Canary Capital, 21Shares and Grayscale. This lineup is expected to expand further as more institutions prepare to launch similar investment vehicles.

The account "BankXRPs" on social media platform X pointed out that T. Rowe Price has updated its crypto-asset ETF application document, which allows investors access to multiple digital assets. In this combination, the weight of XRP is 9.15%, which is significantly higher than that of Solana (SOL, 8.73%), Hyperliquid (HYPE, 4.94%) and Canton Network (CC, 1.60%). Bitcoin (BTC) ranked first with a weight of 39.54%, and Ethereum (ETH) accounted for 18.86%.

In addition,"BankXRP" also disclosed that the Exchange Listed Funds Trust has submitted an application titled "CYBER HORNER S&P 500® and XRP 75/25 Strategy ETF" with the U.S. Securities and Exchange Commission (SEC). If regulators approve the product, investors will be able to allocate both the stock market and Ripple's native cryptocurrency at a 75/25 ratio.

Development of stablecoin RLUSD

Ripple officially launched RLUSD, a stablecoin anchored to the US dollar, in December 2024, and its global influence has continued to expand since then. Earlier this year, the product received approval from the Japan Financial Services Agency (JFSA) for launch in the Japanese market. Later, Ripple revealed that it had committed to investing US$25 million in RLUSD to support U.S. small and medium-sized enterprises and military vocational training programs.

Over the years, the stablecoin has received support from many exchanges and well-known banking institutions, including BNY Mellon, the oldest bank in the United States. In July, Ripple Mint expanded the use of RLUSD beyond traditional platform-based workflows, allowing organizations to manage the asset through user interfaces or programmatic integration.

Currently, the market value of RLUSD is close to US$2.5 billion, making it the 42nd largest cryptocurrency and the 9th largest stablecoin. Although it has not shaken USDT's position as an absolute leader in the segment (market value of more than $183 billion), it is closely followed by Circle's USDC (market value of approximately $74 billion).

XRP Ledger critical vulnerability fixes

Recently, XRP Ledger fixed a vulnerability that affected its newly launched rights delegation feature (XLS-75). This feature allows one account to grant specific rights to another account to perform operations on its behalf. Previously, the vulnerability could have caused authorized parties to perform operations that exceeded the scope of the original authorization.

The development team resolved the issue before discovering any known use cases or financial losses. This incident did not endanger the security of XRP itself, and ordinary holders who did not use the privilege delegation feature were not affected by the vulnerability.

XRP Price Outlook Analysis

Ripple's cross-border payment tokens have been volatile recently, with their valuations hovering between US$1.36 and US$1.47 in the past week. As of writing, it was trading at approximately $1.38 due to a 4% intraday decline (Source: CoinGecko).

At the same time, potential developments surrounding the CLARITY Act (expected to be introduced on September 15) and the Federal Open Market Committee (FOMC) meeting (scheduled for next week) could further exacerbate price volatility.

Despite this, XRP is still largely favored by bullish forecasts. Analyst Ali Martinez recently set a target price of $60 for the asset in a bull market. "For nearly a decade, XRP has been forming a huge rising triangle on monthly charts. Resistance at $3.66 is a key barrier. If the monthly closing price breaks through this level, it will confirm the breakthrough trend and activate the technical target of close to $60." he said.

Another analyst, David Schwarz, expressed the view that Ripple's native tokens may eventually surpass Bitcoin. In his view, this situation does not stem from Bitcoin's shrinking, but because XRP is growing faster than the main cryptocurrency Bitcoin.