XRP is moving deeper into institutional finance as collateral use expands and trading volumes spike. Ripple Prime already accepts the token for institutional credit lines, while a Charles Schwab filing shows XRP ETFs entering repo markets. The token trades near $1.36 after heavy two-way flows on Binance that experts called supply reshuffling rather than a directional move.
XRP collateral use accelerates
XRP is increasingly being used as collateral for institutional credit lines, enabled by the XLS-65/66 lending protocol now live on the XRP Ledger. Ripple Prime already accepts XRP as eligible collateral alongside Bitcoin, RLUSD, fiat currency, gold and treasuries.
Adding to that momentum, a September 8 SEC filing from Charles Schwab revealed that XRP ETFs are now being used as repo collateral, with usage reportedly growing quickly. The development comes barely a year after Ripple's SEC litigation concluded.
Ripple adds a role in UK tokenization push
The City of London has allegedly named Ripple among 54 firms partnering with the UK's Wholesale Digital Markets Champion over the next 12 months to help scale tokenization adoption and establish clearer regulatory, legal and tax frameworks. Ripple completed a proof-of-concept with the Bank of England back in 2017 and has since provided input on digital asset regulation in the region. The company also secured an EMI license and FCA approval in 2026, allowing it to operate across the UK.
Trading activity spikes on Binance
XRP recorded its largest single-day combined inflow and outflow on Binance in six months on September 11, with $91.2 million moving in and $113.9 million moving out, while exchange reserves barely shifted. Experts described the activity as supply being reshuffled rather than any clear directional move, with funding rates cooling and liquidations occurring on both sides of the market.
The token is trading near $1.36 after sweeping liquidity around the $1.34 level, a pattern some analysts say mirrors August's setup, when XRP swept liquidity near $1.00 shortly before rallying to $1.62.
Source: Coinpedia Fintech News
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