The XRP token is currently trading at around US$1.28, approximately 64% below its all-time high, while social media has been flooded with unconfirmed rumors of a deal with BlackRock ahead of Ripple’s upcoming Swell conference. So far, BlackRock has not confirmed any deal, partnership, or XRP ETF filing. These are unverified rumors fueled by the community on social media.

The Swell event brings together traditional finance leaders and multilateral institutions, including representatives from the IMF, BNY, and Standard Chartered, so the market is watching for possible announcements about institutional adoption, cross-border payments, or the development of its RLUSD stablecoin. $XRP