Crypto Bitlord, a well-known cryptocurrency trader with a large following on X, stated he is now “100x more bullish” on XRP after analyzing a recent in-depth thesis on the asset’s future. He explained that the insights from the Treasury-focused research had convinced him that XRP’s prospects are far more significant than previously expected, and he intends to revise all his earlier price targets for the token upward.
The catalyst: A Treasury thesis on XRP
The thesis was published by X Finance Bull, who outlined how XRP and its underlying blockchain, the XRP Ledger (XRPL), could become central to the infrastructure of a new U.S. Treasury market. X Finance Bull’s argument centers on the growing federal U.S. debt, which recently topped $40 trillion, and the corresponding need for reliable buyers of Treasury securities.
He noted that the rise of regulated stablecoins, especially those backed 1:1 with assets such as short-term Treasury bills under current U.S. law, has a direct impact on demand for Treasuries. As the supply of stablecoins increases, so does the need for underlying Treasury holdings. U.S. Treasury Secretary Scott Bessent has publicly acknowledged the growing influence of these digital assets on Treasury demand.
Ripple’s stablecoin RLUSD fits this narrative, as it is already eligible to hold Treasury reserves. BNY acts as the main custodian for RLUSD, effectively integrating it into the regulated framework that U.S. financial authorities are promoting.
Mini dictionary: RLUSD (Ripple Liquidity USD) is Ripple’s institutional-grade stablecoin, designed to hold 1:1 reserves in high-quality assets such as U.S. Treasuries and cash, and is positioned to serve regulated financial markets.
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AAPLTokenized Treasuries on the XRP Ledger
Beyond stablecoins, X Finance Bull emphasized that tokenized U.S. Treasury products are already active on the XRP Ledger. Ondo Finance recently launched OUSG on XRPL, enabling institutional investors to gain exposure to short-term Treasuries using blockchain infrastructure.
Ripple’s RLUSD stablecoin can facilitate both the minting and redeeming of these tokenized securities. The company has also provided $10 million in support to OpenEden for its tokenized Treasury product on the ledger. Additionally, Guggenheim Treasury Services issues digital commercial paper on XRPL, backed by Treasuries and rated Prime-1 by Moody’s.
| Product | Provider | Asset Type | Key Attribute |
|---|---|---|---|
| OUSG | Ondo Finance | Tokenized U.S. Treasuries | Short-term exposure |
| OpenEden Treasury Bills | OpenEden | Tokenized U.S. Treasuries | Ripple backed, $10 million support |
| Treasury-Backed Digital Commercial Paper | Guggenheim Treasury Services | Commercial Paper Secured by Treasuries | Prime-1 Moody’s rating |
Community sentiment strengthening
Crypto Bitlord’s remarks highlight a broader surge of optimism within the XRP investor community. Multiple holders have voiced the belief that XRP’s potential may not be fully reflected in its current price, especially with the combination of RLUSD and tokenized Treasuries gaining traction on XRPL.
Some community members have commented that the market could be underestimating how the convergence of these developments could affect XRP’s price in the coming cycle. Others are increasingly convinced that reaching a new all-time high is not just possible but logical if these trends continue.
All my previous price targets need upgrading. Ripple are the biggest holders so of course they want higher prices. An ATH this cycle is only logical.
XRP’s role as a global liquidity bridge
X Finance Bull further argued that XRP is uniquely positioned to act as a neutral bridge of liquidity between global currencies and U.S. Treasuries. This mechanism would allow institutions holding different fiat currencies to convert to RLUSD and access tokenized Treasuries, or move back the other way, using XRP to facilitate the process efficiently.
According to the thesis, as the volume of tokenized Treasuries on XRPL expands—potentially to hundreds of billions of dollars—the value of XRP would likely need to rise to accommodate the liquidity required by market participants and institutional players.
Crypto Bitlord’s endorsement and the growing community interest appear to reflect a wider recognition of XRP’s evolving role in the intersection of digital assets and the U.S. Treasury market.
