Over the past week, news surrounding Ripple and XRP has mainly focused on institutional adoption, progress in the UK market, and transaction activity. These developments are reflected in areas such as collateral, regulatory cooperation, ecosystem construction, and liquidity in the secondary market, indicating that XRP is simultaneously expanding into both institutional finance and trading markets.
XRP Entering More Collateral Scenarios
XRP is being used in more institutional credit scenarios. With the launch of the XLS-65 /66 lending protocol on XRP Ledger, XRP can now serve as one of the collateral assets for institutional credit lines. Ripple Prime has currently listed XRP as a qualified collateral, on par with Bitcoin, RLUSD, fiat currencies, gold, and U.S. Treasury bonds.
Another development that has attracted more attention from the market comes from the traditional financial sector. A document from the U.S. Securities and Exchange Commission dated September 8th shows that Charles Schwab has been using XRP ETF as collateral for repurchase transactions, and the volume of such usage is said to be increasing rapidly. This indicates that XRP related products are entering a more mature financing and liquidity system.
Ripple Participates in UK Tokenization Projects
Ripple has also been mentioned as part of a tokenization initiative promoted by the City of London. Reports indicate that the City of London has included Ripple in a list of 54 institutions that will collaborate over the next 12 months to participate in the UK wholesale digital market project, with the aim of advancing tokenization applications and improving regulatory, legal, and tax frameworks.
Ripple has not just recently established a connection with the British market. The company completed a proof-of-concept project with the Bank of England as early as 2017 and has since continued to participate in local discussions regarding digital asset regulation. It is also mentioned in the text that Ripple obtained a electronic money institution license in 2026 and was approved by the Financial Conduct Authority (FCA) of the UK, thereby enabling it to conduct business in the country.
Binance's daily turnover reaches a nearly six-month high
In terms of the secondary market, on September 11th, XRP experienced its largest daily two-way turnover in nearly six months on Binance.
- Single-day inflow of approximately $91.2 million
- Approximately $113.9 million flowed out in a single day.
- Relatively limited changes in exchange reserves
Market analysts believe that this is more akin to a reallocation of existing supply among different accounts, rather than a clear one-way trend. During the same period, funding rates cooled down, and liquidations occurred on both the long and short sides, indicating that short-term trading competition remains intense.
At the same time, Ripple has newly appointed Brian Beck to be responsible for developer relations and ecosystem growth of RippleX. Evernorth is expected to hold at least 473 million XRP after listing on NASDAQ, which further increases market attention to the institutional narrative around XRP.
As of press time, the trading price of XRP is close to $1.36. The article mentions that its price previously completed a round of liquidity sweeping around $1.34, and some analysts believe that this trend is similar to that of August.
