- Ripple’s infrastructure gains EU credibility as France’s trial could influence broader digital euro adoption across member states.
- Successful testing may position Ripple as a CBDC leader, countering China’s digital yuan and accelerating EU’s 2027 plans.
The Bank of France is actively testing Ripple’s private blockchain technology as part of efforts to develop a central bank digital currency (CBDC) for the euro, according to a study by Ulster University. The trial, highlighted by crypto analyst WrathofKahneman on social media, marks Ripple’s first confirmed involvement in a national CBDC initiative within France.
This study from Ulster University notes the speeds of a "#Ripple Private Ledger which is currently being tested by the Bank of France as a platform for a Euro based CBDC". I believe this is the first confirmation of an actual Ripple-based CBDC in France, current as of '24 pic.twitter.com/Ox0Ab4puxc
— WrathofKahneman (@WKahneman) May 14, 2025
Ripple’s private ledger, distinct from its public XRP Ledger, is designed for controlled financial environments. The Bank of France’s exploration centers on using this infrastructure to manage a digital euro, emphasizing transaction speed and regulatory compliance. While details remain limited, the move signals growing institutional interest in blockchain solutions for sovereign digital currencies.
France’s role as a European Union member adds weight to the trial. A successful test could influence broader EU discussions about CBDC frameworks, potentially positioning Ripple as a partner for cross-border digital currency systems.
Implications for Ripple and the EU
The trial carries multiple implications:
- Institutional Trust: Despite ongoing legal challenges in the U.S., Ripple’s selection by a major central bank reinforces its credibility as a blockchain provider for regulated finance.
- EU-Wide Potential: France’s progress may set a precedent for other EU nations considering CBDCs, particularly as the bloc aims to counter digital currency advancements by China and others.
- Technology Over Tokens: The focus shifts from Ripple’s XRP token to its blockchain infrastructure, aligning with global central banks’ preference for controlled, non-public networks.
Ripple’s readiness to deploy its ledger contrasts with competitors still developing similar platforms, giving it an operational advantage in CBDC adoption.
China’s advanced digital yuan program has intensified global CBDC efforts. If France’s trial progresses, Ripple could become a key player in accelerating Europe’s digital currency roadmap. This aligns with the European Central Bank’s exploration of a digital euro, slated for potential rollout by 2027.
For Ripple, the trial offers a chance to redefine its image from a fintech challenger to a foundational layer for central banking. The company has previously collaborated with Bhutan and Palau on CBDC pilots, but a partnership with the EU’s second-largest economy would mark its most high-profile central bank engagement.
CBDC initiatives face public skepticism over privacy and control. Ripple’s infrastructure must demonstrate scalability and interoperability with existing EU financial systems to gain wider acceptance. Additionally, regulatory clarity in the U.S., where Ripple is based, remains critical for its long-term viability.
XRP (Ripple) – Price & Technical Analysis – May 2025
XRP is currently priced at $2.59, showing a modest +0.28% increase today, continuing its multi-week bullish trajectory. Over the past 7 days, XRP has surged +20.18%, with a +22.38% gain in the last 30 days. The six-month performance stands at +234.80%, while its yearly return is an impressive +412.73%, confirming its position as one of the best-performing large-cap altcoins in 2025.
From a technical perspective, XRP has broken out from a multi-year wedge formation, marking a major structural shift. It is now consolidating just below the psychological resistance of $2.60, with the next significant targets projected at $2.88 and $3.40.
ETHNews analysts are increasingly looking at Fibonacci extensions, placing longer-term targets at $8.40 and even $27.23 if momentum and adoption continue to align. Volume remains strong, and indicators show a bullish bias with no immediate overbought signals.
