Ripple partnered with Bahrain FinTech Bay to pilot stablecoin rails and digital-asset custody for regulated institutions in the kingdom. The company framed the work as proofs-of-concept and education programs that bring blockchain, stablecoins, and tokenization into Bahrain’s fintech stack. Ripple highlighted RLUSD as the settlement instrument across these pilots.
The announcement followed regional licensing steps in Dubai and reflects Ripple’s focus on institutional-grade infrastructure. As stated in the release, the parties will showcase solutions and run accelerator initiatives to build local capability. The scope covers cross-border payments, custody, and tokenized assets.
Moreover, Ripple amplified the Bahrain partnership on X, underscoring RLUSD’s role in connecting tokenized assets with payment flows. Independent coverage summarized the tie-up and noted the Middle East as a priority corridor for Ripple’s enterprise business.
DBS–Franklin Templeton–Ripple: tokenized MMFs on XRPL
DBS and Franklin Templeton signed an MoU with Ripple to launch trading and lending solutions that pair tokenized money-market funds with RLUSD. Under the plan, Franklin Templeton will issue sgBENJI tokens on the XRP Ledger, while DBS Digital Exchange lists both sgBENJI and RLUSD for eligible investors. The aim is to let clients move between a yield-bearing fund token and a settlement stablecoin.
Additionally, DBS is exploring the use of sgBENJI as credit collateral, either through bank-managed repos or third-party platforms where DBS acts as collateral custodian. This approach brings familiar TradFi mechanisms into a tokenized environment and places XRPL as the base network for issuance.
Media and industry trackers echoed the MoU, emphasizing operational workflows rather than price effects. Reporting placed the collaboration within the broader shift to tokenized funds and stablecoin-based settlement across regulated venues in Asia.
XRPL devnet: October reset completed; operator guidance live
RippleX scheduled—and completed—a reset of XRPL Devnet on Oct. 3 to prevent validators from becoming amendment-blocked around the forthcoming PermissionDelegation change. The reset restored a clean state and aligned Devnet with the next rippled release, where the amendment will be set to unsupported pending more development. Devnet is back online and fully operational.
PermissionDelegation is designed to let issuers delegate specific account actions without sharing primary keys, improving operational segregation and security. Developer notes detail how this helps token issuers meet internal controls while retaining on-chain auditability.
Ripple’s insights blog further situates PermissionDelegation within a broader institutional feature set on XRPL, alongside controls like clawback. Together, these elements target regulated issuance and post-trade workflows for tokenized assets.
Context: RLUSD strategy and institutional build-out
RLUSD launched in December 2024 and has since been positioned as Ripple’s settlement leg for institutional use cases. Early exchange support and subsequent ecosystem integrations laid the groundwork for today’s Bahrain pilots and DBS workflows. Public disclosures and coverage track RLUSD’s expansion into regulated venues.
Furthermore, Ripple’s 2025 strategy has included acquisitions and licensing efforts aimed at institutional rails, from prime brokerage to stablecoin infrastructure. While these items are not price news, they show a focus on market structure, custody, and compliant distribution.
In sum, today’s non-price developments cluster around three threads: Middle East deployment with Bahrain FinTech Bay, XRPL’s developer-facing reset to support institutional features, and the DBS–Franklin Templeton pathway for tokenized money-market activity using RLUSD.
XRP technician flags $2.73 support, eyes bounce toward $3.10
Analyst Ali (@ali_charts) says XRP sits near a key support at $2.73 on the 4-hour chart. He notes repeated reactions around this zone in recent weeks. Therefore, he frames $2.73 as the immediate level to watch for buyers.
He adds that, if $2.73 holds on closing bases, XRP could rebound toward $3.10. That target aligns with a prior supply area and recent swing highs. In turn, the path would mirror earlier range trades between support and resistance.
However, if price loses $2.73 with strong volume, downside risk grows. Then, traders would likely reassess nearer supports from late September. For now, the scenario hinges on whether $2.73 attracts sustained demand.
XRP daily chart (Oct 10, 2025): bullish flag points to ~62% upside toward $4.54–$4.55
XRP/USD has formed a bullish flag on the 1-day timeframe. A bullish flag is a short, downward-sloping consolidation that follows a sharp rally and often resolves with a breakout in the direction of the prior move. On today’s chart, the July surge created the “pole,” while August–October price action drifted lower inside a parallel channel that marks the “flag.”
First, price now trades around $2.81 while the Exponential Moving Average (EMA) 50 sits near $2.92. Therefore, the first confirmation step is a daily close back above the EMA 50 and the flag’s upper boundary, which currently runs around $3.00–$3.10. A break and hold above that band would signal that buyers have regained control and that the flag is likely resolving upward rather than extending.
Next, volume behavior matters. The consolidation phase showed lighter participation relative to the July advance, which fits a textbook flag. However, a convincing breakout typically arrives with expanding volume and longer real bodies on candles. If those conditions appear as price clears $3.00–$3.10, probabilities favor continuation toward the measured move.
If confirmed, the pattern implies roughly a 62% advance from the current price of about $2.81 to approximately $4.54–$4.55. That objective aligns with the charted extension level and the overhead line drawn near $4.54. Nevertheless, if XRP fails to reclaim the EMA 50 and instead loses the lower flag boundary (mid-$2.60s), the setup weakens and the bullish read defers until buyers reassert momentum.
XRP daily RSI (Oct 10, 2025): momentum sits below neutral; watch 50-line reclaim
XRP’s 14-day Relative Strength Index prints ~42.9, while its RSI moving average sits near ~48.7. Therefore, momentum leans weak and remains below the 50 neutral line. The July overbought spike above 70 has fully unwound, and the oscillator now tracks a mid-40s range.
Next, signals to confirm strength are clear. A daily close with RSI back above 50, followed by an RSI cross over its moving average, would indicate improving momentum. In that case, the momentum read would support the bullish-flag setup discussed earlier and favor attempts to clear the three-dollar band on price.
However, risks remain if momentum fades. If RSI loses the low-40s and trends toward 40–35, sellers keep control and the probability of a deeper test inside the flag increases. Only a move into the 30–35 zone would approach traditional “oversold,” where reflex bounces often appear.
In short, the oscillator is neutral-to-soft today: below 50 but not oversold. Consequently, the next directional tell is simple—reclaim 50 for a constructive bias; slip toward 40 for continued pressure.