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XRP Utility Rises as Ripple Files for National Trust Bank and Boosts Institutional Adoption
XRP Price Outlook – The utility of XRP is gaining fresh attention as market analyst Versan Aljarrah, founder of Black Swan Capitalist, sheds light on Ripple’s ambitious plans to reshape the global financial system using XRP. In a recent post on X, Aljarrah emphasized Ripple’s intention to leverage XRP to reimagine global finance, positioning it as a preferred asset for seamless liquidity movement.
Ripple’s Institutional Ambitions and Trust Bank Filing
Aljarrah highlights Ripple’s strategic move to file for a national trust bank, aiming to establish a robust trust layer. This initiative will help Ripple build essential credibility, regulatory ties, and infrastructure crucial for operating at scale. With over 13 years of experience in the financial sector, Ripple is poised to instill confidence in XRP, transforming it into a globally recognized settlement asset. According to Aljarrah, “One builds the rails, the other holds the value. One establishes confidence, the other enables settlement, and solves the problem of value.” While Ripple creates the payment infrastructure, including partnerships with banks, XRP is set to function as the settlement asset — enabling fast, cost-effective cross-border fund transfers by converting currencies effortlessly.
Beyond Payments: A Complete Financial Transformation
Aljarrah envisions Ripple’s role extending beyond mere faster payments to a full transformation of global finance—covering liquidity, settlement, value transfer, and fund security. Adding to XRP’s utility, the activation of the Multi-Purpose Token (MPT) Standard on the XRP Ledger stands out as a significant upgrade. Since every transaction requires payment of gas fees in XRP and the issuance of new MPTs locks XRP reserves, this mechanism may reduce circulating supply and potentially support price appreciation.
Institutional Privacy and XRP Price Outlook
Ripple CEO Brad Garlinghouse also underscores privacy enhancements as key to boosting institutional adoption. Features like zero-knowledge proofs (zK proof) will ensure confidentiality of transfers and balances, allowing institutions to use tokenized real-world assets as collateral securely.
On the technical front, XRP has recently experienced volatility, slipping below the $3 support level after peaking at $3.05. Currently trading at around $2.98 with a 2.43% decline and a slight drop in trading volume, XRP has completed a short-term golden cross—a bullish signal that could ignite upward momentum in the near future. XRP holders and market watchers are eagerly waiting to see if this technical indicator will catalyze a price rally.
