U.S. regulators delayed the Franklin XRP ETF decision while Ripple advanced in Spain and broadened stablecoin access in Africa. The XRP Ledger also activated a compliance-focused “Credentials” upgrade, and developers discussed a Firewall amendment aimed at scam mitigation.
SEC delays Franklin XRP ETF decision
The Securities and Exchange Commission designated more time to rule on Cboe BZX’s proposal to list the Franklin XRP ETF. The September 10 order extends the review window under Exchange Act Section 19(b). The docket is SR-CboeBZX-2025-040, and the notice sets a mid-November action deadline.
The filing history shows prior extensions and public comment periods earlier this year. The Commission cited the need to consider issues raised during proceedings before making a final decision.
Ripple, BBVA sign Spain custody deal as MiCA clears the path
Ripple signed a new agreement with BBVA to provide digital-asset custody technology in Spain. BBVA will use Ripple Custody—Ripple’s institutional self-custody platform—to support its retail crypto service for Bitcoin and Ether. The move extends the firms’ earlier collaborations in Switzerland and Turkey and adds another regulated EU market to Ripple’s banking footprint.
Ripple said Europe’s MiCA rulebook is encouraging banks to launch customer-facing digital-asset products. “Now that MiCA is established, the region’s banks are emboldened to launch the digital asset offerings that their customers are asking for,” said Cassie Craddock, Ripple’s managing director for Europe.
BBVA framed the integration as a way to meet security and operational requirements while delivering an end-to-end custody service from inside the bank. “Ripple’s custody solution allows us to leverage proven and trusted technology that meets the highest security and operational standards,” said Francisco Maroto, BBVA’s head of digital assets.
Ripple added that it now holds more than 60 regulatory licenses and registrations globally and positions its stack to help institutions store, exchange, and move digital assets. The company emphasized that the Spain agreement supports BBVA’s recently announced crypto trading and custody service for retail customers.
RLUSD stablecoin reaches Africa through Chipper Cash, VALR, and Yellow Card
Ripple made its USD-backed stablecoin, RLUSD, available to institutions in Africa via Chipper Cash, VALR, and Yellow Card. The rollout targets payments, working capital, and settlement needs for enterprises that already use stablecoins in daily operations. Ripple also enabled RLUSD in Ripple Payments to widen stablecoin options for cross-border flows and treasury moves.
The company outlined use cases that include instant settlement for cross-border transfers, remittances, and liquidity management. It also cited on- and off-ramping between fiat and crypto, DeFi integrations, and collateral for trading tokenized real-world assets. The partners plan to surface RLUSD to institutional clients first, then expand access as integrations mature.
Ripple said African distribution sits alongside humanitarian pilots in Kenya with Mercy Corps Ventures. In those tests, RLUSD funds sit in escrow and release automatically when drought or rainfall triggers hit, based on satellite or weather data. The pilots aim to speed disaster-insurance payouts and reduce friction in relief disbursements.
Beyond Africa, RLUSD is accessible through several exchanges and fintechs, including Bitso, Bitstamp, Bullish, CoinMENA, Independent Reserve, Gemini, Kraken, LMAX, Mercado Bitcoin, and Uphold. Ripple framed the African launch as part of a broader global expansion of RLUSD across regulated venues and payment platforms.
XRPL activates “Credentials” compliance feature
The XRP Ledger activated the Credentials amendment on September 4 at roughly 03:51 UTC. The change adds native transactions—CredentialCreate, CredentialAccept, and CredentialDelete—to enable on-chain credential issuance and verification aligned with W3C concepts.
Documentation shows how credentialed accounts can meet policy requirements within standard XRPL flows. Explorer data confirms the amendment’s mainnet status following a supermajority vote.
XRPL community members highlighted the in-development XLS-86 Firewall amendment. The proposal aims to add account-level controls that could help contain losses from malicious transfers. It is not active on mainnet.
Commentary posts from developers and trackers describe the feature set and governance path. Formal listings of known amendments show how new changes progress before mainnet voting.
Bullish flag on XRP 4H points to ~60% move toward ~$4.91 if breakout confirms
The TradingView chart (XRPUSD, Bitstamp, 4-hour) was created on September 12, 2025 at 08:00 UTC. Price trades near $3.0666 and sits above the 50-EMA shown around $2.945. The structure on the chart forms a bullish flag: price sprinted higher to make the “pole,” then drifted lower inside a parallel channel before pushing back to the upper boundary.
A bullish flag is a continuation pattern in which a strong advance pauses in a downward-sloping channel and, if price breaks out, the trend often resumes. Here, price presses the flag’s upper trendline and shows a clean series of higher lows into the test, while the channel resistance aligns with the area just above $3.20–$3.25 on the drawing. Volume has started to expand into the approach, which supports—but does not guarantee—the setup.
If price closes decisively above the flag’s resistance on this 4-hour timeframe, the pattern would confirm. Using a conservative measured move, a 60% extension from the current charted price of ~$3.0666 projects to about ~$4.91. The annotated target on the chart at ~$4.944 is consistent with that projection. However, without a clear breakout and follow-through, the setup can fail; a rejection would put the 50-EMA near ~$2.95 and the lower channel line near ~$2.75 back in view.
RSI rises toward overbought as momentum builds on XRP 4H
The TradingView RSI chart (created September 12, 2025, 08:08 UTC) shows the 14-period RSI at 66.62 with its signal average near 61.89. RSI holds above the midline and above its own average, which signals strengthening upside momentum on this timeframe. The oscillator has carved a sequence of higher lows since early September, and the signal line has turned up, confirming improving breadth behind the move.
RSI is now a few points below the 70 threshold, the zone that often marks overbought conditions. A sustained push and hold above 70 would confirm a strong trend phase. However, if RSI stalls and rolls back below its signal near the low-60s, momentum would cool and the setup would shift back to neutral. The 50 area remains the key pivot; as long as RSI holds above it, the bias stays constructive.
