XRP Bulls Charge Toward $3.00 as Ondo Finance Drops Tokenized US Treasuries on XRP Ledger
Ripple''s XRP is gearing up for a bullish sprint as institutional adoption heats up. Ondo Finance just flipped the switch on tokenized US Treasuries for the XRP Ledger—fueling speculation that this could be the catalyst for the next leg up.
Price action alert: The $3.00 target is back in play. Traders are watching key resistance levels after the announcement, with some whispering about a potential 2025 rally reminiscent of 2017''s parabolic move. (Though let''s be real—Wall Street will still find a way to overcomplicate these yield-bearing tokens with 47-page prospectuses.)
Infrastructure upgrades meet macro tailwinds. The XRP Ledger''s new real-world asset capabilities arrive just as Treasury yields creep higher—creating perfect conditions for crypto-traditional finance hybrids. Will this finally be the month XRP shakes off its ''perpetual underdog'' status?
Market overview: Sentiment improves as US CPI softly rises
Major digital assets, including Bitcoin (BTC), ethereum (ETH) and XRP, edged higher during the American session on Wednesday, buoyed by the US CPI data coming in below the market forecast.
As reported by FXStreet, the Core CPI, which excludes the volatile prices of food and energy, rose 2.8% in May, matching the figures in April. Monthly, the CPI and the Core CPI each rose 0.1%, sitting below market expectations of 0.2% and 0.3%, respectively.
The inflation data, which comes ahead of the Federal Reserve (Fed) meeting on June 18, is unlikely to influence the Fed''s decision on interest rates. According to the CME Group''s FedWatch tool, analysts expect the central bank to leave the rates unchanged in the range of 4.25% - 4.50%.
FedWatch tool | Source: CME Group
Ondo Finance debuts flagship tokenized US Treasuries on the XRP Ledger
Ondo Finance has announced the launch of its flagship Ondo Short-Term US Government Treasuries (OUSG) on the XRP Ledger (XRPL), as per communication on social media platform X.
The launch is a major milestone, bridging the gap between Decentralized Finance (DeFi) and the traditional finance sector. Institutional investors on XRPL can now tap OUSG for exposure to short-term US Treasuries, generating yields through a diversified portfolio of industry money market funds.
The new product enables investors to mint and redeem using Ripple''s stablecoin, RLUSD, made possible by round-the-clock capital access and deployment. At the same time, the platform offers high-quality, low-risk liquidity options, supported by accessible intraday settlement and liquidity, which enables efficient portfolio management and expanded exposure to tokenized US Treasury-backed assets.
"By bringing OUSG to the XRPL, Ondo Finance is bringing institutional-grade assets directly to the institutions, providing access to high-quality tokenized assets as flexible treasury management tools," Ondo Finance said in a blog post. "As global demand for tokenized financial products accelerates, this expansion furthers our mission to bridge traditional finance and onchain markets," the blog post continued.
The platform boasts seamless multi-chain support across Ethereum, solana and the XRP Ledger. Investments span leading funds, including BlackRock''s USD Institutional Digital Liquidity Fund (BUIDL), WisdomTree''s Government Money Market Digital Fund (WTGXX) and Franklin Templeton''s Franklin On-Chain US Government Money Fund (FOBXX).
Ondo Finance''s groundbreaking launch follows VivoEnergy, a NASDAQ-listed firm, which announced plans to deploy $100 million worth of XRP tokens on the Flare blockchain to generate yield. Additionally, the company is reportedly planning to adopt a payment system powered by the RLUSD stablecoin to serve as its cash equivalent platform.
Technical outlook: XRP extends gains amid institutional adoption
The xrp price edges higher above the confluence support at $2.26, established by the 50-day Exponential Moving Average (EMA) and the 100-day EMA, to trade at around $2.32 at the time of writing.
Technical indicators, including the Moving Average Convergence Divergence (MACD), reinforce the bullish outlook by sending a buy signal, as observed on the daily chart below.
Such a signal, which often encourages traders to buy XRP, occurs when the blue MACD line crosses above the red signal line. With the green histogram bars expanding above the mean line (0.00), the path of least resistance could stay firmly upward.
The Money Flow Index (MFI) indicator has recently crossed above the 50 midline, signaling that bulls have the upper hand, as more money is flowing into XRP. If the uptrend persists, traders may begin to adjust to the likelihood of the XRP price moving 28% above its current level to the hurdle at $3.00.
XRP/USD daily chart
Still, downside vulnerability cannot be ignored, especially with XRP likely to encounter resistance at $2.40 and $2.65, both of which were tested in mid-May. If the confluence support at $2.26 breaks, traders might want to prepare for support at the 200-day EMA, positioned 10.5% below the current level at $2.09.
Cryptocurrency prices FAQs
How do new token launches or listings affect cryptocurrency prices?
Token launches influence demand and adoption among market participants. Listings on crypto exchanges deepen the liquidity for an asset and add new participants to an asset’s network. This is typically bullish for a digital asset.
How do hacks affect cryptocurrency prices?
A hack is an event in which an attacker captures a large volume of the asset from a DeFi bridge or hot wallet of an exchange or any other crypto platform via exploits, bugs or other methods. The exploiter then transfers these tokens out of the exchange platforms to ultimately sell or swap the assets for other cryptocurrencies or stablecoins. Such events often involve an en masse panic triggering a sell-off in the affected assets.
How do macroeconomic releases and events affect cryptocurrency prices?
Macroeconomic events like the US Federal Reserve’s decision on interest rates influence crypto assets mainly through the direct impact they have on the US Dollar. An increase in interest rate typically negatively influences Bitcoin and altcoin prices, and vice versa. If the US Dollar index declines, risk assets and associated leverage for trading gets cheaper, in turn driving crypto prices higher.
How do major crypto upgrades like halvings, hard forks affect cryptocurrency prices?
Halvings are typically considered bullish events as they slash the block reward in half for miners, constricting the supply of the asset. At consistent demand if the supply reduces, the asset’s price climbs.
