Two asset management giants, BlackRock and VanEck, have officially partnered with Ripple to enable redemptions from their tokenized Treasury funds using RLUSD, Ripple’s native stablecoin – a landmark move that supports a bullish XRP price prediction targeting $1,000.
The two tokenized funds, BlackRock’s BUIDL and VanEck’s VBILL, collectively manage over $2 billion and confirmed the RLUSD integration on Tuesday, marking a major step toward real-world utility and institutional adoption of the XRP ecosystem.
With the help of Securitize, BlackRock and VanEck were the first to tokenize access to Treasury Bills – and now, they’ve chosen Ripple to power redemptions using Ripple USD (RLUSD).
The goal is to boost liquidity across both ecosystems by letting investors redeem their fund shares for RLUSD, a U.S. dollar-pegged stablecoin that already boasts a $700 million market cap.
While redemptions will begin on Ethereum, Ripple CEO Brad Garlinghouse confirmed that they’ll soon transition to the XRP Ledger, bringing even more real-world utility to the network.
This unlocks a key catalyst for a bullish XRP price prediction, potentially accelerating transaction volumes and supporting the case for long-term targets as high as $1,000.
XRP Price Prediction: Key Levels to Watch As Consolidation Continues
XRP has been consolidating for a while after it hit its latest swing high at $3.65. The token is still on an uptrend and the key area of support to watch is the $2.60 level.
Hence, while XRP may see short-term pullbacks in the coming days, its long-term trajectory remains bullish thanks to major project developments and improving market conditions.
A strong rebound from the $2.60 level could set the stage for a breakout to a new all-time high, with $10 firmly in sight this cycle – representing a 230% upside.
And while the $1,000 mark may sound ambitious, the rapid pace of institutional adoption and integration of Ripple’s technology points to a long-term trajectory where such a valuation becomes increasingly plausible over time.
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The post XRP Price Prediction: Ripple Joins BlackRock in $700M Off-Ramp Deal – $1,000 XRP Possible? appeared first on Cryptonews.