XRP News: Ripple and Ondo Finance Enable 24/7 Trading of Tokenized US Treasuries on XRP Ledger

Ripple and ONDO Finance have partnered to bring US Treasuries to the XRP Ledger, facilitating 24/7 trading with instant settlement and low fees. This marks a notable advancement in the integration of traditional finance with blockchain technology.

XRP Ledger Now Supports Tokenized US Treasuries Trading 24/7

Ripple and Ondo Finance have brought US Treasuries to the XRP Ledger, marking a significant milestone in the integration of traditional finance with blockchain technology. This move allows for 24/7 trading of tokenized US Treasuries with instant settlement and low fees, a stark contrast to the slow and expensive processes of traditional systems. The XRP Ledger's decentralized exchange already processes over $400 million monthly, and the volumes of tokenized Treasuries are expected to skyrocket. This development challenges Ethereum's dominance in tokenized assets and could potentially revolutionize traditional finance.

XRP Faces Potential Pullback as TD Sequential Indicator Issues Sell Signal

The price of XRP is showing signs of a potential pullback after the TD Sequential indicator, widely used to spot trend reversals, flashed a sell signal. The indicator suggests that XRP may be on the verge of a downturn, with a possible market reversal imminent. The price reached a high of $2.95 before starting to show signs of weakness, indicating a possible correction or pullback in the near future.

MEMX Files for XRP ETF as Commodity-Based Trust

MEMX, a U.S. securities exchange, has submitted a filing with the SEC to list an XRP exchange-traded fund (ETF) as a Commodity-Based Trust. This significant move indicates a growing acceptance of the digital asset within mainstream finance. The decision highlights the evolving perception of Ripple's native token within the traditional financial framework. Additionally, Bank of America holds patents related to XRP, suggesting potential strategic alignments with MEMX's latest filing.

Angel Investor Labels Ripple’s XRP a ‘Centralized Controlled Security’

An angel investor known for early bets on Uber and Robinhood has sparked debate by labeling Ripple's XRP as a 'centralized controlled security'. The investor, Calacanis, took to social media to express skepticism about XRP, contrasting it sharply with Bitcoin. He argued that XRP operates differently from Bitcoin, emphasizing Ripple's influence over the token. Calacanis' criticism centers on concerns that XRP is not as decentralized as claimed, and its potential approval for an ETF could undermine securities laws. If treated like Bitcoin, XRP's status as a centrally controlled security could lead to market chaos, requiring stricter investor qualifications.