BlackRock, Morgan Stanley Toasts Ripple, But XRP Crash: SEC Delays or Sell-Off Sabotage?
The Ripple network's native token, XRP, experienced a sharp decline in late September 2025, dropping about 5% in a single, intense trading session
Quick overview
- XRP experienced a sharp decline of about 5% in late September 2025, with potential support at $2.75.
- Despite market volatility, XRP is up nearly 400% year-over-year, trading between $2.80 and $2.90 as of September 28.
- Major financial firms, including BlackRock, are showing strong interest in Ripple's ecosystem, potentially enhancing XRP's market position.
- BlackRock has partnered with Ripple to facilitate stablecoin redemptions and integrate DeFi facilities into the XRP ledger.
Live XRP/USD Chart
The Ripple network’s native token, XRP, experienced a sharp decline in late September 2025, dropping about 5% in a single, intense trading session. The next potential support level could be at $2.75. Despite broader market volatility, XRP is up nearly 400% YoY and is trading between $2.80 and $2.90 as of September 28.
A risk-off atmosphere has affected the cryptocurrency market, as evidenced by the 227 percent decline in the global market capitalization to $374 trillion as of September 26.
Ninety percent of the $17 billion in derivatives liquidations that followed a flash crash on September 22 came from long positions. Institutional liquidations totaling $15–$19 billion have increased selling pressure on altcoins, including XRP, since July.
s, XRP has been pulled lower by Bitcoin’s decline (down 4-5 percent). Altcoin RSIs average between 35 and 85 (oversold), reflecting the Fear and Greed Index at 32 (Fear).
Major financial firms have shown strong interest in Ripple’s ecosystem, which many believe could help XRP increase.
Morgan Stanley’s Research: The firm has examined Ripple’s ability to challenge SWIFT and similar systems. Opportunities to expand Ripple’s partnerships have led to forecasts that BlackRock will facilitate Ripple, allowing BlackRock to offer RLUSD. BlackRock will also be able to provide USDC redemptions and Snap Liquidity facilities.
New BlackRock Partnerships: BlackRock has teamed up with Ripple to enable redemptions of shares from BlackRock’s tokenized money market fund in exchange for Ripple’s RLUSD stablecoin through Securitize.
This partnership allows on-chain RLUSD stablecoin redemptions sourced from BlackRock’s USDC, providing access to Snap Liquidity facilities and RLUSD.
This new facility will be connected to the DeFi money market and later to the XRP ledger. BlackRock’s Director of Digital Assets, Maxwell Stein, will also speak at Ripple’s conference, Swell, in November. BlackRock has requested that Ripple integrate DeFi facilities into the XRP ledger and USDC. These developments fuel speculation about monetizing XRP through an ETF, since BlackRock asked Ripple to incorporate DeFi facilities into the XRP ledger.
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