Ripple has partnered with Securitize to enable holders of BlackRock’s BUIDL and VanEck’s VBILL tokenized funds to exchange their shares for Ripple’s stablecoin RLUSD via a new smart contract. Separately, analyst Ali Martinez reported that XRP whales accumulated over 470 million tokens (worth approximately $724 million) in five days, coinciding with the announcement. The buying spree follows a prior accumulation of 1.5 billion XRP in 96 hours. XRP’s price recently spiked to $1.65 before falling below $1.50, then recovering to around $1.55. Martinez indicated a bullish breakout may be approaching if XRP clears resistance at $1.60.
Ripple and tokenization platform Securitize announced a joint venture to add a smart contract for BlackRock’s BUIDL and VanEck’s VBILL tokenized funds. According to a joint statement, the contract allows holders to exchange their shares for Ripple’s native stablecoin RLUSD instantly, 24/7.
Ripple’s SVP of Stablecoins, Jack McDonald, commented: “RLUSD is for institutional use, offering regulatory clarity, stability, and real utility. As adoption grows, partnerships with trusted platforms like Securitize are key to unlocking new liquidity and enterprise-grade use cases.” The integration is the first of its kind on Securitize’s platform, with plans for future collaboration on the XRP Ledger.
Analyst Ali Martinez noted that XRP whales have been buying heavily amid price volatility. In five days, whales accumulated more than 470 million XRP, worth around $724 million, as stated by Martinez. This follows a report from a week ago that whales purchased over 1.5 billion tokens in 96 hours.
XRP’s price has experienced sharp swings. The token surged to $1.65 a few days ago, then dropped below $1.50, before recovering to $1.56 on Friday. Currently trading near $1.55, Martinez believes XRP has completed the right shoulder of an inverse head-and-shoulders pattern on the daily chart.
He noted that the asset still needs to overcome the crucial resistance at $1.60 to target $2.00. No further details on the pattern’s timeline were provided.
