Top Researcher Pinpoints XRP Missing Piece

21Shares has identified a specific gap in the XRP demand story. Crypto researcher SMQKE (@SMQKEDQG) shared the firm’s analysis, highlighting what the report calls the missing piece: XRP as collateral. Infrastructure readiness is improving. Regulatory clarity is moving in the right direction. Neither, however, directly drives demand for XRP itself. The firm points to the XLS-65/66 proposal as a meaningful development. It would allow tokenized assets to serve as loan collateral on the XRP Ledger. The catch is that loans under this structure can be denominated in RLUSD or tokenized Treasuries rather than XRP. The proposal advances the ecosystem.