B&#432;&#7899;c sang n&#259;m 2026, XRP &#273;ang &#273;&#432;&#7907;c k&#7923; v&#7885;ng s&#7869; t&#259;ng gi&aacute; m&#7841;nh m&#7869; nh&#7901; nhi&#7873;u y&#7871;u t&#7889; thu&#7853;n l&#7907;i nh&#432; qu&#7929; ETF giao ngay, ra m&#7855;t stablecoin m&#7899;i, c&ugrave;ng kh&#7843; n&#259;ng token h&oacute;a m&#7903; r&#7897;ng tr&ecirc;n blockchain c&#7911;a m&igrave;nh.
Tuy nhi&ecirc;n, tri&#7875;n v&#7885;ng n&agrave;y kh&ocirc;ng ph&#7843;i l&agrave; &#273;i&#7873;u ch&#7855;c ch&#7855;n. Gi&aacute; c&#7911;a XRP c&ograve;n ph&#7909; thu&#7897;c v&agrave;o &#273;&#7897; r&otilde; r&agrave;ng v&#7873; quy &#273;&#7883;nh ph&aacute;p l&yacute; t&#7841;i M&#7929; c&#361;ng nh&#432; vi&#7879;c nhu c&#7847;u t&#7915; c&aacute;c nh&agrave; &#273;&#7847;u t&#432; nh&#7887; l&#7867; &#273;&#7889;i v&#7899;i c&aacute;c s&#7843;n ph&#7849;m li&ecirc;n quan &#273;&#7871;n XRP c&oacute; &#273;&#7911; m&#7841;nh &#273;&#7875; v&#432;&#7907;t qua &aacute;p l&#7921;c c&#7841;nh tranh ng&agrave;y c&agrave;ng t&#259;ng hay kh&ocirc;ng.
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-how-xrp-etfs-reshaped-demand">C&aacute;ch c&aacute;c qu&#7929; ETF XRP thay &#273;&#7893;i nhu c&#7847;u</h2>

M&#7897;t b&aacute;o c&aacute;o g&#7847;n &#273;&acirc;y t&#7915; c&ocirc;ng ty qu&#7843;n l&yacute; t&agrave;i s&#7843;n 21Shares d&#7921; &#273;o&aacute;n XRP c&oacute; x&aacute;c su&#7845;t 30% s&#7869; &#273;&#7841;t m&#7913;c 2.69 USD v&agrave;o n&#259;m 2026, &#273;&acirc;y l&agrave; k&#7883;ch b&#7843;n t&#259;ng gi&aacute; m&#7841;nh m&agrave; h&#7885; <a href="https://vn.beincrypto.com/xrp-retail-sentiment-shifts-to-extreme-fear/" target="_blank" rel="noreferrer noopener">coi l&agrave; k&#7883;ch b&#7843;n l&#7841;c quan nh&#7845;t</a>.
D&#7921; &#273;o&aacute;n n&agrave;y d&#7921;a v&agrave;o nhi&#7873;u c&#7897;t m&#7889;c quan tr&#7885;ng m&agrave; XRP c&#361;ng nh&#432; Ripple n&oacute;i chung &#273;&atilde; &#273;&#7841;t &#273;&#432;&#7907;c trong n&#259;m 2025.
Sau khi k&#7871;t th&uacute;c v&#7909; ki&#7879;n k&eacute;o d&agrave;i nhi&#7873;u n&#259;m v&#7899;i <a href="https://beincrypto.com/learn/ripple-vs-sec/" target="_blank" rel="noreferrer noopener">&#7910;y ban Ch&#7913;ng kho&aacute;n v&agrave; S&agrave;n Giao d&#7883;ch M&#7929; (SEC) v&agrave;o th&aacute;ng 08/2025</a>, nh&#7919;ng r&agrave;o c&#7843;n ph&aacute;p l&yacute; l&#7899;n c&#7911;a XRP g&#7847;n nh&#432; &#273;&atilde; &#273;&#432;&#7907;c x&oacute;a b&#7887;. K&#7875; t&#7915; &#273;&oacute;, XRP &#273;&atilde; m&#7903; c&#7917;a tr&#7903; l&#7841;i v&#7899;i c&aacute;c t&#7893; ch&#7913;c, ng&acirc;n h&agrave;ng v&agrave; c&ocirc;ng ty thanh to&aacute;n t&#7841;i M&#7929;.
Ch&#7881; khi c&oacute; s&#7921; r&otilde; r&agrave;ng v&#7873; m&#7863;t ph&aacute;p l&yacute; nh&#432; v&#7853;y, c&aacute;c qu&#7929; ETF XRP giao ngay t&#7841;i M&#7929; m&#7899;i nh&#7853;n &#273;&#432;&#7907;c s&#7921; ch&#7845;p thu&#7853;n t&#7915; SEC.
<img style="height:400px;width:640px;" decoding="async" src="https://assets.beincrypto.com/img/PJ9QjGfuGJTsGGl-cq-iEtzRw1I=/smart/b58fcd1851134b5380900d4c34702f82" alt="" class="wp-image-796699">Sau khi ra m&#7855;t qu&#7929; ETF giao ngay, XRP &#273;&atilde; thu h&uacute;t &#273;&#432;&#7907;c 1.3 t&#7927; USD. Ngu&#7891;n: <a href="https://www.21shares.com/en-row/research/xrp-2026-outlook-regulatory-resolution-institutional-rails-and-cross-border-settlement" target="_blank" rel="noreferrer noopener nofollow">21Shares</a>.

Theo anh Matt Mena, chuy&ecirc;n gia nghi&ecirc;n c&#7913;u crypto t&#7841;i 21Shares, vi&#7879;c ra m&#7855;t n&agrave;y &#273;&atilde; thay &#273;&#7893;i ho&agrave;n to&agrave;n <a href="https://vn.beincrypto.com/xrp-price-analysis-breakdown-risk/" target="_blank" rel="noreferrer noopener">c&aacute;ch th&#7913;c m&agrave; nh&agrave; &#273;&#7847;u t&#432; nh&igrave;n nh&#7853;n XRP</a>. Ch&#7881; trong v&ograve;ng 1 th&aacute;ng sau khi ra m&#7855;t, c&aacute;c qu&#7929; ETF n&agrave;y &#273;&atilde; thu h&uacute;t l&#432;&#7907;ng t&agrave;i s&#7843;n l&ecirc;n t&#7899;i h&#417;n 1.3 t&#7927; USD.
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&ldquo;M&#7897;t &#273;i&#7873;u &iacute;t ai &#273;&#7875; &yacute; l&agrave; qu&#7929; ETF XRP &#273;&atilde; l&#7853;p k&#7927; l&#7909;c th&#7871; gi&#7899;i khi c&oacute; chu&#7895;i ng&agrave;y nh&#7853;n v&#7889;n v&agrave;o li&ecirc;n ti&#7871;p d&agrave;i nh&#7845;t, v&#432;&#7907;t qua c&#7843; c&aacute;c t&agrave;i s&#7843;n kh&aacute;c nh&#432; c&#7893; phi&#7871;u, h&agrave;ng h&oacute;a, tr&aacute;i phi&#7871;u v&agrave; th&#7853;m ch&iacute; l&agrave; c&#7843; Bitcoin &ndash; v&#7899;i h&#417;n 50 ng&agrave;y nh&#7853;n th&ecirc;m v&#7889;n li&ecirc;n ti&#7871;p,&rdquo; Mena nh&#7853;n &#273;&#7883;nh v&agrave; b&#7893; sung, &ldquo;&#272;&acirc;y th&#7853;t s&#7921; l&agrave; m&#7897;t con s&#7889; &#7845;n t&#432;&#7907;ng, cho th&#7845;y d&ograve;ng v&#7889;n &#273;&#7893; v&agrave;o qu&#7929; ETF XRP r&#7845;t b&#7873;n v&#7919;ng sau khi ra m&#7855;t.&rdquo;
</blockquote>

B&ecirc;n c&#7841;nh ETF, XRP c&ograve;n c&oacute; nhi&#7873;u s&#7843;n ph&#7849;m m&#7899;i ra m&#7855;t, t&#7841;o &#273;&#7897;ng l&#7921;c l&#7899;n cho s&#7921; t&#259;ng tr&#432;&#7903;ng.
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-xrpl-positions-for-tokenized-finance">V&#7883; th&#7871; XRPL cho t&agrave;i ch&iacute;nh token h&oacute;a</h2>

D&#7921; b&aacute;o &#273;&#7871;n n&#259;m 2030, 21Shares cho r&#7857;ng ng&agrave;nh t&agrave;i ch&iacute;nh to&agrave;n c&#7847;u s&#7869; v&#7853;n h&agrave;nh tr&ecirc;n h&#7879; th&#7889;ng lai hi&#7879;n &#273;&#7841;i, k&#7871;t h&#7907;p gi&#7919;a c&aacute;c kho&#7843;n ti&#7873;n g&#7917;i ng&acirc;n h&agrave;ng &#273;&atilde; &#273;&#432;&#7907;c token h&oacute;a, stablecoin &#7893;n &#273;&#7883;nh &#273;&#432;&#7907;c qu&#7843;n l&yacute; ch&#7863;t ch&#7869; v&agrave; c&aacute;c l&#7899;p thanh to&aacute;n linh ho&#7841;t, li&ecirc;n k&#7871;t v&#7899;i nhau.
Tr&#432;&#7899;c xu h&#432;&#7899;ng token ho&aacute; m&#7841;nh m&#7869; &#273;&oacute;, anh Mena nh&#7853;n &#273;&#7883;nh XRP Ledger (XRPL) l&agrave; m&#7897;t l&#7899;p k&#7871;t n&#7889;i trung l&#7853;p, gi&uacute;p c&acirc;n b&#7857;ng gi&#7919;a thanh kho&#7843;n, t&#7889;c &#273;&#7897; giao d&#7883;ch v&agrave; y&#7871;u t&#7889; tu&acirc;n th&#7911; quy &#273;&#7883;nh ph&aacute;p l&yacute;.
G&#7847;n &#273;&acirc;y, ho&#7841;t &#273;&#7897;ng tr&ecirc;n m&#7841;ng l&#432;&#7899;i XRP c&agrave;ng t&#7853;p trung nhi&#7873;u v&agrave;o kh&#7843; n&#259;ng l&#7853;p tr&igrave;nh, gi&uacute;p c&aacute;c t&#7893; ch&#7913;c d&#7877; d&agrave;ng ph&aacute;t h&agrave;nh v&agrave; qu&#7843;n l&yacute; <a href="https://beincrypto.com/learn/rwa-explained/" target="_blank" rel="noreferrer noopener">t&agrave;i s&#7843;n th&#7921;c (RWAs)</a> ph&#7913;c t&#7841;p nh&#432; tr&aacute;i phi&#7871;u ho&#7863;c c&#7893; phi&#7871;u th&ocirc;ng qua blockchain.
B&ecirc;n c&#7841;nh &#273;&oacute;, s&#7921; ph&aacute;t tri&#7875;n v&#432;&#7907;t b&#7853;c c&#7911;a stablecoin RLUSD c&#7911;a XRP v&#7899;i vai tr&ograve; l&agrave; ph&#432;&#417;ng ti&#7879;n thanh kho&#7843;n <a href="https://vn.beincrypto.com/ripple-launches-institutional-otc-service-as-rlusd-passes-1-billion/" target="_blank" rel="noreferrer noopener">&#273;&atilde; c&#7911;ng c&#7889; th&ecirc;m nh&#7853;n &#273;&#7883;nh c&#7911;a 21Shares r&#7857;ng XRP c&ograve;n nhi&#7873;u ti&#7873;m n&#259;ng t&#259;ng tr&#432;&#7903;ng, mi&#7877;n l&agrave; vi&#7879;c &#7913;ng d&#7909;ng ti&#7871;p t&#7909;c m&#7903; r&#7897;ng.</a>
<img style="height:400px;width:640px;" decoding="async" src="https://assets.beincrypto.com/img/esclcgoAY79MqMFXZceRcYDjjxI=/smart/3718007e6e7f49c896bc01a831527873" alt="" class="wp-image-796701" style="width:1024px;height:auto">Stablecoin RLUSD c&#7911;a XRP &#273;&atilde; t&#259;ng tr&#432;&#7903;ng v&#432;&#7907;t b&#7853;c k&#7875; t&#7915; khi ra m&#7855;t v&agrave;o th&aacute;ng 12/2024. Ngu&#7891;n: <a href="https://www.21shares.com/en-row/research/xrp-2026-outlook-regulatory-resolution-institutional-rails-and-cross-border-settlement" target="_blank" rel="noreferrer noopener nofollow">21Shares</a>.

B&aacute;o c&aacute;o &#273;&atilde; nh&#7845;n m&#7841;nh s&#7921; t&#259;ng tr&#432;&#7903;ng c&#7921;c nhanh c&#7911;a RLUSD, v&#7889;n h&oacute;a th&#7883; tr&#432;&#7901;ng &#273;&atilde; t&#259;ng kho&#7843;ng 1,800%, t&#7915; 72 tri&#7879;u USD l&ecirc;n 1.38 t&#7927; USD ch&#7881; trong v&ograve;ng ch&#432;a &#273;&#7871;n 1 n&#259;m. Nh&#7901; &#273;&oacute;, stablecoin n&agrave;y &#273;ang d&#7847;n tr&#7903; th&agrave;nh t&agrave;i s&#7843;n &#273;&#7843;m b&#7843;o c&oacute; gi&aacute; tr&#7883; cho c&aacute;c t&#7893; ch&#7913;c l&#7899;n c&#361;ng nh&#432; nhi&#7873;u &#7913;ng d&#7909;ng t&agrave;i ch&iacute;nh ti&ecirc;n ti&#7871;n kh&aacute;c.
D&ugrave; nh&#7919;ng b&#432;&#7899;c ti&#7871;n n&agrave;y r&#7845;t t&iacute;ch c&#7921;c, XRP v&#7851;n &#273;ang ph&#7843;i c&#7841;nh tranh kh&#7889;c li&#7879;t <a href="https://vn.beincrypto.com/ripples-rlusd-ethereum-xrpl-xrp/" target="_blank" rel="noreferrer noopener">v&#7899;i c&aacute;c m&#7841;ng l&#432;&#7899;i &#273;&atilde; c&oacute; t&ecirc;n tu&#7893;i</a>. Li&#7879;u k&#7883;ch b&#7843;n t&#259;ng gi&aacute; c&oacute; th&agrave;nh hi&#7879;n th&#7921;c hay kh&ocirc;ng c&ograve;n t&ugrave;y thu&#7897;c l&#7899;n v&agrave;o kh&#7843; n&#259;ng gi&#7919; ch&acirc;n nh&agrave; &#273;&#7847;u t&#432; trong b&#7889;i c&#7843;nh c&#7841;nh tranh n&agrave;y.
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-downside-scenarios-and-competitive-pressures">K&#7883;ch b&#7843;n ti&ecirc;u c&#7921;c v&agrave; &aacute;p l&#7921;c c&#7841;nh tranh</h2>

N&#7871;u nhu c&#7847;u &#273;&#7889;i v&#7899;i ETF XRP suy gi&#7843;m, kh&ocirc;ng thu h&uacute;t &#273;&#432;&#7907;c kh&#7889;i l&#432;&#7907;ng t&agrave;i s&#7843;n th&#7921;c v&#7873; XRPL hay t&#7889;c &#273;&#7897; lan t&#7887;a RLUSD ch&#7919;ng l&#7841;i, gi&aacute; XRP ho&agrave;n to&agrave;n c&oacute; th&#7875; &#273;i theo h&#432;&#7899;ng kh&aacute;c.
B&ecirc;n c&#7841;nh k&#7883;ch b&#7843;n t&#259;ng gi&aacute;, 21Shares c&#361;ng &#273;&#432;a ra nhi&#7873;u t&igrave;nh hu&#7889;ng kh&aacute;c nhau d&#7921;a v&agrave;o bi&#7871;n &#273;&#7897;ng th&#7883; tr&#432;&#7901;ng v&agrave; m&#7913;c &#273;&#7897; &#273;&oacute;n nh&#7853;n th&#7921;c t&#7871;. Theo &#273;&oacute;, h&#7885; &#273;&aacute;nh gi&aacute; x&aacute;c su&#7845;t 50% cho k&#7883;ch b&#7843;n &ldquo;c&#417; s&#7903;&rdquo; t&#7913;c l&agrave; khi th&#7883; tr&#432;&#7901;ng &#7893;n &#273;&#7883;nh, d&ograve;ng ti&#7873;n v&agrave;o ETF v&#7851;n &#273;&#7873;u &#273;&#7863;n v&agrave; ti&#7879;n &iacute;ch h&#7879; sinh th&aacute;i t&#259;ng tr&#432;&#7903;ng t&#7915; t&#7915;, gi&aacute; XRP &#7903; quanh m&#7913;c 2.45 USD.
Ng&#432;&#7907;c l&#7841;i, b&aacute;o c&aacute;o nh&#7853;n &#273;&#7883;nh x&aacute;c su&#7845;t -16% v&#7899;i tr&#432;&#7901;ng h&#7907;p bi quan h&#417;n, XRP c&oacute; th&#7875; gi&#7843;m v&#7873; kho&#7843;ng 1.60 USD n&#7871;u vi&#7879;c &#273;&oacute;n nh&#7853;n b&#7883; tr&igrave; tr&#7879; v&agrave; d&ograve;ng v&#7889;n ch&#7843;y sang c&aacute;c t&agrave;i s&#7843;n c&#7841;nh tranh nhi&#7873;u h&#417;n.
B&ecirc;n c&#7841;nh r&#7911;i ro b&#7883; gi&#7843;m nhu c&#7847;u, XRP c&#361;ng &#273;&#7889;i m&#7863;t v&#7899;i cu&#7897;c &#273;ua c&#7841;nh tranh ng&agrave;y c&agrave;ng kh&#7889;c li&#7879;t. Nh&#7919;ng c&aacute;i t&ecirc;n nh&#432; Canton, Solana v&agrave; nhi&#7873;u m&#7841;ng l&#432;&#7899;i kh&aacute;c &#273;&atilde; cho th&#7845;y s&#7921; t&#259;ng tr&#432;&#7903;ng m&#7841;nh th&#7901;i gian v&#7915;a qua.
D&ugrave; m&#7899;i ho&#7841;t &#273;&#7897;ng ch&#432;a t&#7899;i 2 n&#259;m, Canton &#273;&atilde; <a href="https://vn.beincrypto.com/canton-cc-privacy-coin-rally-christmas-eve-explained/" target="_blank" rel="noreferrer noopener">x&#7917; l&yacute; kh&#7889;i l&#432;&#7907;ng t&agrave;i s&#7843;n token h&oacute;a l&ecirc;n t&#7899;i h&agrave;ng ngh&igrave;n t&#7927; USD</a>.
Tuy nhi&ecirc;n, Mena d&#432;&#7901;ng nh&#432; kh&ocirc;ng qu&aacute; lo l&#7855;ng v&#7873; &aacute;p l&#7921;c c&#7841;nh tranh n&agrave;y. D&ugrave; th&#7915;a nh&#7853;n quy m&ocirc; v&agrave; s&#7921; ph&aacute;t tri&#7875;n m&#7841;nh m&#7869; c&#7911;a c&aacute;c m&#7841;ng &#273;&#7889;i th&#7911;, anh cho r&#7857;ng c&#7897;ng &#273;&#7891;ng XRP ch&iacute;nh l&agrave; &#273;i&#7875;m kh&aacute;c bi&#7879;t quan tr&#7885;ng.
<blockquote class="max-w-xl text-4.5 border-l-2 border-blue-600 pl-11 mb-9 select-all [&amp;_p]:!mb-0 wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
&ldquo;XRP Army l&agrave; m&#7897;t trong nh&#7919;ng c&#7897;ng &#273;&#7891;ng l&#7899;n nh&#7845;t v&agrave; nhi&#7879;t huy&#7871;t nh&#7845;t trong l&#297;nh v&#7921;c crypto. T&ocirc;i cho r&#7857;ng, ngo&agrave;i Bitcoin v&agrave; Dogecoin, &#273;&acirc;y l&agrave; token m&agrave; ngay c&#7843; nh&#7919;ng ng&#432;&#7901;i ch&#432;a t&#7915;ng tham gia crypto c&#361;ng bi&#7871;t &#273;&#7871;n,&rdquo; anh chia s&#7867;.
</blockquote>

V&#7899;i XRP, n&#259;m 2026 s&#7869; l&agrave; th&#7901;i &#273;i&#7875;m th&#7917; th&aacute;ch xem li&#7879;u s&#7913;c m&#7841;nh n&agrave;y c&oacute; th&#7875; chuy&#7875;n th&agrave;nh gi&aacute; tr&#7883; th&#7921;c s&#7921; b&#7873;n v&#7919;ng hay kh&ocirc;ng.

21Shares dự đoán giá XRP cho năm 2026

B&#432;&#7899;c sang n&#259;m 2026, XRP &#273;ang &#273;&#432;&#7907;c k&#7923; v&#7885;ng s&#7869; t&#259;ng gi&aacute; m&#7841;nh m&#7869; nh&#7901; nhi&#7873;u y&#7871;u t&#7889; thu&#7853;n l&#7907;i nh&#432; qu&#7929; ETF giao ngay, ra m&#7855;t stablecoin m&#7899;i, c&ugrave;ng kh&#7843; n&#259;ng token h&oacute;a m&#7903; r&#7897;ng tr&ecirc;n blockchain c&#7911;a m&igrave;nh.
Tuy nhi&ecirc;n, tri&#7875;n v&#7885;ng n&agrave;y kh&ocirc;ng ph&#7843;i l&agrave; &#273;i&#7873;u ch&#7855;c ch&#7855;n. Gi&aacute; c&#7911;a XRP c&ograve;n ph&#7909; thu&#7897;c v&agrave;o &#273;&#7897; r&otilde; r&agrave;ng v&#7873; quy &#273;&#7883;nh ph&aacute;p l&yacute; t&#7841;i M&#7929; c&#361;ng nh&#432; vi&#7879;c nhu c&#7847;u t&#7915; c&aacute;c nh&agrave; &#273;&#7847;u t&#432; nh&#7887; l&#7867; &#273;&#7889;i v&#7899;i c&aacute;c s&#7843;n ph&#7849;m li&ecirc;n quan &#273;&#7871;n XRP c&oacute; &#273;&#7911; m&#7841;nh &#273;&#7875; v&#432;&#7907;t qua &aacute;p l&#7921;c c&#7841;nh tranh ng&agrave;y c&agrave;ng t&#259;ng hay kh&ocirc;ng.
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-how-xrp-etfs-reshaped-demand">C&aacute;ch c&aacute;c qu&#7929; ETF XRP thay &#273;&#7893;i nhu c&#7847;u</h2>

M&#7897;t b&aacute;o c&aacute;o g&#7847;n &#273;&acirc;y t&#7915; c&ocirc;ng ty qu&#7843;n l&yacute; t&agrave;i s&#7843;n 21Shares d&#7921; &#273;o&aacute;n XRP c&oacute; x&aacute;c su&#7845;t 30% s&#7869; &#273;&#7841;t m&#7913;c 2.69 USD v&agrave;o n&#259;m 2026, &#273;&acirc;y l&agrave; k&#7883;ch b&#7843;n t&#259;ng gi&aacute; m&#7841;nh m&agrave; h&#7885; <a href="https://vn.beincrypto.com/xrp-retail-sentiment-shifts-to-extreme-fear/" target="_blank" rel="noreferrer noopener">coi l&agrave; k&#7883;ch b&#7843;n l&#7841;c quan nh&#7845;t</a>.
D&#7921; &#273;o&aacute;n n&agrave;y d&#7921;a v&agrave;o nhi&#7873;u c&#7897;t m&#7889;c quan tr&#7885;ng m&agrave; XRP c&#361;ng nh&#432; Ripple n&oacute;i chung &#273;&atilde; &#273;&#7841;t &#273;&#432;&#7907;c trong n&#259;m 2025.
Sau khi k&#7871;t th&uacute;c v&#7909; ki&#7879;n k&eacute;o d&agrave;i nhi&#7873;u n&#259;m v&#7899;i <a href="https://beincrypto.com/learn/ripple-vs-sec/" target="_blank" rel="noreferrer noopener">&#7910;y ban Ch&#7913;ng kho&aacute;n v&agrave; S&agrave;n Giao d&#7883;ch M&#7929; (SEC) v&agrave;o th&aacute;ng 08/2025</a>, nh&#7919;ng r&agrave;o c&#7843;n ph&aacute;p l&yacute; l&#7899;n c&#7911;a XRP g&#7847;n nh&#432; &#273;&atilde; &#273;&#432;&#7907;c x&oacute;a b&#7887;. K&#7875; t&#7915; &#273;&oacute;, XRP &#273;&atilde; m&#7903; c&#7917;a tr&#7903; l&#7841;i v&#7899;i c&aacute;c t&#7893; ch&#7913;c, ng&acirc;n h&agrave;ng v&agrave; c&ocirc;ng ty thanh to&aacute;n t&#7841;i M&#7929;.
Ch&#7881; khi c&oacute; s&#7921; r&otilde; r&agrave;ng v&#7873; m&#7863;t ph&aacute;p l&yacute; nh&#432; v&#7853;y, c&aacute;c qu&#7929; ETF XRP giao ngay t&#7841;i M&#7929; m&#7899;i nh&#7853;n &#273;&#432;&#7907;c s&#7921; ch&#7845;p thu&#7853;n t&#7915; SEC.
<img style="height:400px;width:640px;"decoding="async" src="https://assets.beincrypto.com/img/PJ9QjGfuGJTsGGl-cq-iEtzRw1I=/smart/b58fcd1851134b5380900d4c34702f82" alt="" class="wp-image-796699">Sau khi ra m&#7855;t qu&#7929; ETF giao ngay, XRP &#273;&atilde; thu h&uacute;t &#273;&#432;&#7907;c 1.3 t&#7927; USD. Ngu&#7891;n: <a href="https://www.21shares.com/en-row/research/xrp-2026-outlook-regulatory-resolution-institutional-rails-and-cross-border-settlement" target="_blank" rel="noreferrer noopener nofollow">21Shares</a>.

Theo anh Matt Mena, chuy&ecirc;n gia nghi&ecirc;n c&#7913;u crypto t&#7841;i 21Shares, vi&#7879;c ra m&#7855;t n&agrave;y &#273;&atilde; thay &#273;&#7893;i ho&agrave;n to&agrave;n <a href="https://vn.beincrypto.com/xrp-price-analysis-breakdown-risk/" target="_blank" rel="noreferrer noopener">c&aacute;ch th&#7913;c m&agrave; nh&agrave; &#273;&#7847;u t&#432; nh&igrave;n nh&#7853;n XRP</a>. Ch&#7881; trong v&ograve;ng 1 th&aacute;ng sau khi ra m&#7855;t, c&aacute;c qu&#7929; ETF n&agrave;y &#273;&atilde; thu h&uacute;t l&#432;&#7907;ng t&agrave;i s&#7843;n l&ecirc;n t&#7899;i h&#417;n 1.3 t&#7927; USD.
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&ldquo;M&#7897;t &#273;i&#7873;u &iacute;t ai &#273;&#7875; &yacute; l&agrave; qu&#7929; ETF XRP &#273;&atilde; l&#7853;p k&#7927; l&#7909;c th&#7871; gi&#7899;i khi c&oacute; chu&#7895;i ng&agrave;y nh&#7853;n v&#7889;n v&agrave;o li&ecirc;n ti&#7871;p d&agrave;i nh&#7845;t, v&#432;&#7907;t qua c&#7843; c&aacute;c t&agrave;i s&#7843;n kh&aacute;c nh&#432; c&#7893; phi&#7871;u, h&agrave;ng h&oacute;a, tr&aacute;i phi&#7871;u v&agrave; th&#7853;m ch&iacute; l&agrave; c&#7843; Bitcoin &ndash; v&#7899;i h&#417;n 50 ng&agrave;y nh&#7853;n th&ecirc;m v&#7889;n li&ecirc;n ti&#7871;p,&rdquo; Mena nh&#7853;n &#273;&#7883;nh v&agrave; b&#7893; sung, &ldquo;&#272;&acirc;y th&#7853;t s&#7921; l&agrave; m&#7897;t con s&#7889; &#7845;n t&#432;&#7907;ng, cho th&#7845;y d&ograve;ng v&#7889;n &#273;&#7893; v&agrave;o qu&#7929; ETF XRP r&#7845;t b&#7873;n v&#7919;ng sau khi ra m&#7855;t.&rdquo;
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B&ecirc;n c&#7841;nh ETF, XRP c&ograve;n c&oacute; nhi&#7873;u s&#7843;n ph&#7849;m m&#7899;i ra m&#7855;t, t&#7841;o &#273;&#7897;ng l&#7921;c l&#7899;n cho s&#7921; t&#259;ng tr&#432;&#7903;ng.
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-xrpl-positions-for-tokenized-finance">V&#7883; th&#7871; XRPL cho t&agrave;i ch&iacute;nh token h&oacute;a</h2>

D&#7921; b&aacute;o &#273;&#7871;n n&#259;m 2030, 21Shares cho r&#7857;ng ng&agrave;nh t&agrave;i ch&iacute;nh to&agrave;n c&#7847;u s&#7869; v&#7853;n h&agrave;nh tr&ecirc;n h&#7879; th&#7889;ng lai hi&#7879;n &#273;&#7841;i, k&#7871;t h&#7907;p gi&#7919;a c&aacute;c kho&#7843;n ti&#7873;n g&#7917;i ng&acirc;n h&agrave;ng &#273;&atilde; &#273;&#432;&#7907;c token h&oacute;a, stablecoin &#7893;n &#273;&#7883;nh &#273;&#432;&#7907;c qu&#7843;n l&yacute; ch&#7863;t ch&#7869; v&agrave; c&aacute;c l&#7899;p thanh to&aacute;n linh ho&#7841;t, li&ecirc;n k&#7871;t v&#7899;i nhau.
Tr&#432;&#7899;c xu h&#432;&#7899;ng token ho&aacute; m&#7841;nh m&#7869; &#273;&oacute;, anh Mena nh&#7853;n &#273;&#7883;nh XRP Ledger (XRPL) l&agrave; m&#7897;t l&#7899;p k&#7871;t n&#7889;i trung l&#7853;p, gi&uacute;p c&acirc;n b&#7857;ng gi&#7919;a thanh kho&#7843;n, t&#7889;c &#273;&#7897; giao d&#7883;ch v&agrave; y&#7871;u t&#7889; tu&acirc;n th&#7911; quy &#273;&#7883;nh ph&aacute;p l&yacute;.
G&#7847;n &#273;&acirc;y, ho&#7841;t &#273;&#7897;ng tr&ecirc;n m&#7841;ng l&#432;&#7899;i XRP c&agrave;ng t&#7853;p trung nhi&#7873;u v&agrave;o kh&#7843; n&#259;ng l&#7853;p tr&igrave;nh, gi&uacute;p c&aacute;c t&#7893; ch&#7913;c d&#7877; d&agrave;ng ph&aacute;t h&agrave;nh v&agrave; qu&#7843;n l&yacute; <a href="https://beincrypto.com/learn/rwa-explained/" target="_blank" rel="noreferrer noopener">t&agrave;i s&#7843;n th&#7921;c (RWAs)</a> ph&#7913;c t&#7841;p nh&#432; tr&aacute;i phi&#7871;u ho&#7863;c c&#7893; phi&#7871;u th&ocirc;ng qua blockchain.
B&ecirc;n c&#7841;nh &#273;&oacute;, s&#7921; ph&aacute;t tri&#7875;n v&#432;&#7907;t b&#7853;c c&#7911;a stablecoin RLUSD c&#7911;a XRP v&#7899;i vai tr&ograve; l&agrave; ph&#432;&#417;ng ti&#7879;n thanh kho&#7843;n <a href="https://vn.beincrypto.com/ripple-launches-institutional-otc-service-as-rlusd-passes-1-billion/" target="_blank" rel="noreferrer noopener">&#273;&atilde; c&#7911;ng c&#7889; th&ecirc;m nh&#7853;n &#273;&#7883;nh c&#7911;a 21Shares r&#7857;ng XRP c&ograve;n nhi&#7873;u ti&#7873;m n&#259;ng t&#259;ng tr&#432;&#7903;ng, mi&#7877;n l&agrave; vi&#7879;c &#7913;ng d&#7909;ng ti&#7871;p t&#7909;c m&#7903; r&#7897;ng.</a>
<img style="height:400px;width:640px;"decoding="async" src="https://assets.beincrypto.com/img/esclcgoAY79MqMFXZceRcYDjjxI=/smart/3718007e6e7f49c896bc01a831527873" alt="" class="wp-image-796701" style="width:1024px;height:auto">Stablecoin RLUSD c&#7911;a XRP &#273;&atilde; t&#259;ng tr&#432;&#7903;ng v&#432;&#7907;t b&#7853;c k&#7875; t&#7915; khi ra m&#7855;t v&agrave;o th&aacute;ng 12/2024. Ngu&#7891;n: <a href="https://www.21shares.com/en-row/research/xrp-2026-outlook-regulatory-resolution-institutional-rails-and-cross-border-settlement" target="_blank" rel="noreferrer noopener nofollow">21Shares</a>.

B&aacute;o c&aacute;o &#273;&atilde; nh&#7845;n m&#7841;nh s&#7921; t&#259;ng tr&#432;&#7903;ng c&#7921;c nhanh c&#7911;a RLUSD, v&#7889;n h&oacute;a th&#7883; tr&#432;&#7901;ng &#273;&atilde; t&#259;ng kho&#7843;ng 1,800%, t&#7915; 72 tri&#7879;u USD l&ecirc;n 1.38 t&#7927; USD ch&#7881; trong v&ograve;ng ch&#432;a &#273;&#7871;n 1 n&#259;m. Nh&#7901; &#273;&oacute;, stablecoin n&agrave;y &#273;ang d&#7847;n tr&#7903; th&agrave;nh t&agrave;i s&#7843;n &#273;&#7843;m b&#7843;o c&oacute; gi&aacute; tr&#7883; cho c&aacute;c t&#7893; ch&#7913;c l&#7899;n c&#361;ng nh&#432; nhi&#7873;u &#7913;ng d&#7909;ng t&agrave;i ch&iacute;nh ti&ecirc;n ti&#7871;n kh&aacute;c.
D&ugrave; nh&#7919;ng b&#432;&#7899;c ti&#7871;n n&agrave;y r&#7845;t t&iacute;ch c&#7921;c, XRP v&#7851;n &#273;ang ph&#7843;i c&#7841;nh tranh kh&#7889;c li&#7879;t <a href="https://vn.beincrypto.com/ripples-rlusd-ethereum-xrpl-xrp/" target="_blank" rel="noreferrer noopener">v&#7899;i c&aacute;c m&#7841;ng l&#432;&#7899;i &#273;&atilde; c&oacute; t&ecirc;n tu&#7893;i</a>. Li&#7879;u k&#7883;ch b&#7843;n t&#259;ng gi&aacute; c&oacute; th&agrave;nh hi&#7879;n th&#7921;c hay kh&ocirc;ng c&ograve;n t&ugrave;y thu&#7897;c l&#7899;n v&agrave;o kh&#7843; n&#259;ng gi&#7919; ch&acirc;n nh&agrave; &#273;&#7847;u t&#432; trong b&#7889;i c&#7843;nh c&#7841;nh tranh n&agrave;y.
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-downside-scenarios-and-competitive-pressures">K&#7883;ch b&#7843;n ti&ecirc;u c&#7921;c v&agrave; &aacute;p l&#7921;c c&#7841;nh tranh</h2>

N&#7871;u nhu c&#7847;u &#273;&#7889;i v&#7899;i ETF XRP suy gi&#7843;m, kh&ocirc;ng thu h&uacute;t &#273;&#432;&#7907;c kh&#7889;i l&#432;&#7907;ng t&agrave;i s&#7843;n th&#7921;c v&#7873; XRPL hay t&#7889;c &#273;&#7897; lan t&#7887;a RLUSD ch&#7919;ng l&#7841;i, gi&aacute; XRP ho&agrave;n to&agrave;n c&oacute; th&#7875; &#273;i theo h&#432;&#7899;ng kh&aacute;c.
B&ecirc;n c&#7841;nh k&#7883;ch b&#7843;n t&#259;ng gi&aacute;, 21Shares c&#361;ng &#273;&#432;a ra nhi&#7873;u t&igrave;nh hu&#7889;ng kh&aacute;c nhau d&#7921;a v&agrave;o bi&#7871;n &#273;&#7897;ng th&#7883; tr&#432;&#7901;ng v&agrave; m&#7913;c &#273;&#7897; &#273;&oacute;n nh&#7853;n th&#7921;c t&#7871;. Theo &#273;&oacute;, h&#7885; &#273;&aacute;nh gi&aacute; x&aacute;c su&#7845;t 50% cho k&#7883;ch b&#7843;n &ldquo;c&#417; s&#7903;&rdquo; t&#7913;c l&agrave; khi th&#7883; tr&#432;&#7901;ng &#7893;n &#273;&#7883;nh, d&ograve;ng ti&#7873;n v&agrave;o ETF v&#7851;n &#273;&#7873;u &#273;&#7863;n v&agrave; ti&#7879;n &iacute;ch h&#7879; sinh th&aacute;i t&#259;ng tr&#432;&#7903;ng t&#7915; t&#7915;, gi&aacute; XRP &#7903; quanh m&#7913;c 2.45 USD.
Ng&#432;&#7907;c l&#7841;i, b&aacute;o c&aacute;o nh&#7853;n &#273;&#7883;nh x&aacute;c su&#7845;t -16% v&#7899;i tr&#432;&#7901;ng h&#7907;p bi quan h&#417;n, XRP c&oacute; th&#7875; gi&#7843;m v&#7873; kho&#7843;ng 1.60 USD n&#7871;u vi&#7879;c &#273;&oacute;n nh&#7853;n b&#7883; tr&igrave; tr&#7879; v&agrave; d&ograve;ng v&#7889;n ch&#7843;y sang c&aacute;c t&agrave;i s&#7843;n c&#7841;nh tranh nhi&#7873;u h&#417;n.
B&ecirc;n c&#7841;nh r&#7911;i ro b&#7883; gi&#7843;m nhu c&#7847;u, XRP c&#361;ng &#273;&#7889;i m&#7863;t v&#7899;i cu&#7897;c &#273;ua c&#7841;nh tranh ng&agrave;y c&agrave;ng kh&#7889;c li&#7879;t. Nh&#7919;ng c&aacute;i t&ecirc;n nh&#432; Canton, Solana v&agrave; nhi&#7873;u m&#7841;ng l&#432;&#7899;i kh&aacute;c &#273;&atilde; cho th&#7845;y s&#7921; t&#259;ng tr&#432;&#7903;ng m&#7841;nh th&#7901;i gian v&#7915;a qua.
D&ugrave; m&#7899;i ho&#7841;t &#273;&#7897;ng ch&#432;a t&#7899;i 2 n&#259;m, Canton &#273;&atilde; <a href="https://vn.beincrypto.com/canton-cc-privacy-coin-rally-christmas-eve-explained/" target="_blank" rel="noreferrer noopener">x&#7917; l&yacute; kh&#7889;i l&#432;&#7907;ng t&agrave;i s&#7843;n token h&oacute;a l&ecirc;n t&#7899;i h&agrave;ng ngh&igrave;n t&#7927; USD</a>.
Tuy nhi&ecirc;n, Mena d&#432;&#7901;ng nh&#432; kh&ocirc;ng qu&aacute; lo l&#7855;ng v&#7873; &aacute;p l&#7921;c c&#7841;nh tranh n&agrave;y. D&ugrave; th&#7915;a nh&#7853;n quy m&ocirc; v&agrave; s&#7921; ph&aacute;t tri&#7875;n m&#7841;nh m&#7869; c&#7911;a c&aacute;c m&#7841;ng &#273;&#7889;i th&#7911;, anh cho r&#7857;ng c&#7897;ng &#273;&#7891;ng XRP ch&iacute;nh l&agrave; &#273;i&#7875;m kh&aacute;c bi&#7879;t quan tr&#7885;ng.
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&ldquo;XRP Army l&agrave; m&#7897;t trong nh&#7919;ng c&#7897;ng &#273;&#7891;ng l&#7899;n nh&#7845;t v&agrave; nhi&#7879;t huy&#7871;t nh&#7845;t trong l&#297;nh v&#7921;c crypto. T&ocirc;i cho r&#7857;ng, ngo&agrave;i Bitcoin v&agrave; Dogecoin, &#273;&acirc;y l&agrave; token m&agrave; ngay c&#7843; nh&#7919;ng ng&#432;&#7901;i ch&#432;a t&#7915;ng tham gia crypto c&#361;ng bi&#7871;t &#273;&#7871;n,&rdquo; anh chia s&#7867;.
</blockquote>

V&#7899;i XRP, n&#259;m 2026 s&#7869; l&agrave; th&#7901;i &#273;i&#7875;m th&#7917; th&aacute;ch xem li&#7879;u s&#7913;c m&#7841;nh n&agrave;y c&oacute; th&#7875; chuy&#7875;n th&agrave;nh gi&aacute; tr&#7883; th&#7921;c s&#7921; b&#7873;n v&#7919;ng hay kh&ocirc;ng.