How is XRP still going to be relevant when CBDCs and stablecoins are poised to dominate bank transactions?

Anybody with an educated opinion on this? Ripple is creating a different ledger for CBDCs, EU is creating its own stablecoin, it feels like XRP is becoming obsolete but Ripple is afraid to say so.

Not trying to create panic but I would love some opinions on if and how there's a bullish case for XRP in this environment.