XRP News Today: BlackRock Catalyst vs. Senate Delays Influence Outlook

On September 23, 2025, XRP took the spotlight in the broader crypto market, as BlackRock (BLK) and VanEck stepped into Ripple’s DeFi space, tokenizing fund holders. According to Brad Garlinghouse, CEO of Ripple, tokenized fund holders of BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) and VanEck’s Treasury Fund (VBLL) can redeem shares for RLUSD/ETH 24/7/365 through Securitize, and soon-to-be-released RLUSD/XRPL.

Ripple’s BLK reported that on September 23, 2025, RLUSD has been integrated into Securitize’s platform, with further use cases and assets planned. Securitize is also expected to integrate XRP Ledger (XRPL), expanding access and bringing new utility to the XRPL ecosystem.

These integrations could boost Institutional adoption of the XRPL infrastructure and provide institutional validation. If the integration process happens, it might lead to XRPL being used as a tokenized payment method for financial institutions, since XRP is widely used for cross-asset trading and cross-border payments.

Washington is Acting as a Barricade for Cloud XRP Momentum

Reports suggest that Ripple is facing chaos in Washington by veiling the tokenization news, giving XRP a negative shade. According to Journalist Eleanor Terrett, sources on Capitol Hill suggest that the crypto market structure markup planned for September 30th by Senate Banking Republicans is unlikely.

Democrats have not responded to the legislation, citing the need for a process agreement before discussing details. Furthermore, the potential government shutdown would prevent a markup on the 30th.

🚨NEW: Consensus among a handful of Capitol Hill sources is that the Sept. 30 market structure markup that Senate Banking Republicans were targeting is now effectively off the table. Democrats have yet to offer feedback on the legislation, saying they want an agreement on process…

— Eleanor Terrett (@EleanorTerrett) September 23, 2025

As per recent reports, the new date for the market structure markup is expected to be October 20. Terret also reported that the delay will not affect the chances of the bill reaching the Senate Floor by the end of 2025, if there are no setbacks.

However, the more it gets delayed, the higher the level of market uncertainty, mostly relying on sentiment analysis. The main objective of the Market Structure Bill is to offer crypto firms, crypto exchanges, and investors regulatory clarity.

XRP-Spot ETF Final Deadline Decisions

The expected date of the Market Structure Bill coincidentally aligns with the final decision deadlines for several spot Exchange Traded Funds (ETFs). Several sources suggest that XRP is expecting spot ETFs from Bitwise, Canary Capital, WisdomTree, and CoinShares from October 23 to 25.

However, the delay in the Market Structure Bill’s progress is anticipated not to influence the SEC’s decision. Additionally, BLK has addressed XRP as a non-security, making way for the XRP-spot ETF market.

In 2023, Judge Analise Torres ruled that the sale of XRP coins through secondary exchanges did not constitute a securities offering, delivering a crucial legal victory for Ripple against the SEC. In 2025, the US Court of Appeals approved the SEC’s request to withdraw its appeal against the ruling after the regulator settled with Ripple.

Price Action and Technical Analysis: Holding $2.8 or Breaking $3

Data analysis of XRP shows that the token fell 0.97% on September 23, 2025, following the previous session’s 4.06% shift, reaching $2.826. The token was left hovering near the key support levels during a six-day losing streak. To understand the market trend, traders are closely watching these technical levels:

• Support: $2.8 and $2.5.
• Resistance: $3, $3.3, and the all-time high $3.66.

In the near term, these key price catalysts could drive price action:

• XRP ETF demand.
• Spot ETFs: Approval or delays of XRP-spot ETFs and BlackRock’s plan for an iShares XRP.
• Blue-chip companies integrate XRP as a treasury reserve asset.
• Regulatory milestones: Ripple’s US-chartered bank license application, the Market Structure Bill, and SWIFT headlines may also affect demand.

Catalysts and Scenarios

Whether or not XRP tests lower support levels or breaks higher resistance will be determined by the balance of inflows, regulatory developments, and institutional demand.

Bearish Scenarios

• GDLC, BITW, and XRPR ETFs report dull inflows, and BlackRock avoids the plans for an iShares XRP Trust filing.
• SEC declines XRP-spot ETF applications.
• Legislative blocks or slow the progress on crypto-friendly regulations.
• Blue-chip companies dismiss the utilization of XRP as a treasury reserve asset.
• OCC delays or rejects Ripple’s US-chartered bank license.

Bullish Scenario

• BITW, GDLC, and XRPR report strong inflows.
• BlackRock files for an iShares XRP Trust, and the SEC approves spot ETFs.
• Blue-chip companies use XRP as a treasury reserve asset.
• OCC accepts Ripple’s US-chartered bank license without any delay.
• Legislation passes crypto-friendly regulations.

Also Read: XRP Price Prediction 2025-2030: Short Term and Long-Term Predictions

Final Thoughts

Delays in the Market Structure Bill’s progress shift investor focus to the spot ETF filings. Although the Bill’s approval may boost institutional demand, BlackRock’s presence on the Ripple platform is crucial, as it could send the token’s value to new heights if it files for an iShares XRP Trust. However, as the spot ETF approvals are delayed, the prices rely on investors’ sentiment.