well considering they just passed legislation custom fit for Ripple and RLUSD I would say bullish.

These institutions are basically incentivized to collateralized their custodied assets to get free money on the books.. Trillions will flow into the space. XRP BNY Melon partnership announcement they custody 53 trillion ,, then what about the 1700+ NDAs that will inevitably drop once the lawsuit is 100% settled and concluded?

These next 3 or so months are going to be a hyper bullrun on whatever become the main protocols for the internet of values.