Ripple announced a partnership with CSD BR to tokenize Brazilian capital markets on the XRP Ledger, starting with shares of the BTG Pactual fund via Ripple Custody. XRP faces significant resistance between $1.50 and $1.70, having traded sideways around this level for over four weeks, with its Binance Scarcity Index at its lowest since January 2025, signaling growing selling pressure. XRP’s more than 70% gain since late August has been accompanied by average monthly Open Interest growth of nearly 1.3%, its strongest increase since August 2025, suggesting a rally increasingly driven by leverage. Stablecoin supply on the XRP Ledger hit a record $1.2 billion this week, with over 90% being RLUSD, itself at a record $2.5 billion.
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