Ripple Eyes Wall Street 2.0 As Prime Brokerage Revenue Triples - Bitwise XRP ETF (ARCA:XRP)

Ripple launched Ripple Mint, a platform for institutions to mint, redeem, and manage Ripple USD (RLUSD) via console or APIs, with real-time transaction tracking and webhook alerts. Ripple also invested in Notabene to add identity checks and transaction authorization. Standard Custody & Trust issues RLUSD under New York regulation. XRP traded near $1.11.

Stripe offered to acquire PayPal for $53 billion on July 15, according to the companies. PayPal had not accepted the offer as of July 22, and its board chose on July 20 to seek a higher price. The article says a deal could affect crypto stablecoin flows and may be bearish for XRP and Solana, while discussing Stripe’s Tempo and PayPal USD.

Ripple said on July 6 that Luxembourg’s CSSF granted it full MiCA Crypto Asset Service Provider (CASP) authorization, following a June 23 “Green Light Letter.” The license passports across the EEA, enabling regulated crypto payment services. Ripple also holds a Luxembourg EMI license. The article notes RLUSD stablecoin still lacks EU EMT authorization and discusses potential implications for XRP.

XRP fell about 7% to $1.24 over three days, with its market cap down as broader crypto weakened. The article cites short positions outnumbering longs 9-to-1 and says a “violent short squeeze” could occur if the CLARITY Act clears the Senate floor. A 10,000-path Monte Carlo model forecasts $1.26–$1.46 as the base range, with a $1.56 median if the bill advances. It also notes 25M XRP moved off exchanges and whale addresses hit 332,230.

XRP broke below $1.28 support on June 1 and fell to about $1.15, with a low near $1.14, amid a broader crypto selloff. Bitcoin dropped to around $61,351 and spot BTC ETFs saw about $3 billion in 13 days of outflows. The move followed Strategy’s disclosure of selling 32 BTC. Technicals show XRP below key averages and RSI near 27.55, while CME launched 24/7 XRP futures and the CLARITY Act was placed on the Senate calendar.

Hyperliquid said its RWA open interest hit a new all-time high of $3B. Securitize launched on TRON with Hamilton Lane’s Credit Fund. Ethena partnered with Coinbase to expand on-chain finance and savings. Ripple expanded RLUSD to Türkiye via BiLira. Coinbase invested in ProShares’ IQMM; MoneyGram launched MGUSD on Stellar; MoonPay partnered with Franklin Templeton.