Ripple Price Forecast: Bulls aim for $3.00 as Ondo Finance launches tokenized US Treasuries on XRP Ledger 

출처 Fxstreet
  • XRP resumes uptrend above $2.30 as US CPI data for May comes in below forecast.
  • Ondo Finance debuts tokenized real-world assets on the XRP Ledger, featuring short-term US Treasuries.
  • Qualified investors can seamlessly subscribe and redeem OUSG on XRPL around the clock with RLUSD.

Ripple (XRP) is rising marginally to trade at $2.31 at the time of writing on Wednesday, following the release of the United States (US) Consumer Price Index (CPI) data. According to the Bureau of Labor Statistics (BLS) report, the CPI rose slightly to 2.4% in May from 2.3% in April, falling short of the market forecast of 2.5%.

Meanwhile, interest in XRP-related financial products is rapidly growing, with Ondo Finance, a tokenization platform, launching its flagship tokenized US treasury fund on the XRP Ledger (XRPL).

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.

https://x.com/OndoFinance/status/1932775406957994403

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

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.

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.

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.

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.





면책 조항: 정보 제공 목적으로만 사용됩니다. 과거 성과가 미래 결과를 보장하지 않습니다.
placeholder
트럼프 ‘빅 뷰티풀 법안’ 상원 통과… 비트코인·가상자산 동반 하락비트코인(BTC)은 3일 아시아 장 초반에서 1.5% 하락했다. 이는 도널드 트럼프 미국 대통령과 일론 머스크 테슬라 CEO 간의 갈등 속에서 ‘원 빅 뷰티풀 법안’이 가까스로 상원을 통과한 이후, 암호화폐 시장이 전반적인 하락세를 보인 데 따른 것이다.
저자  FXStreet
7 월 02 일 수요일
비트코인(BTC)은 3일 아시아 장 초반에서 1.5% 하락했다. 이는 도널드 트럼프 미국 대통령과 일론 머스크 테슬라 CEO 간의 갈등 속에서 ‘원 빅 뷰티풀 법안’이 가까스로 상원을 통과한 이후, 암호화폐 시장이 전반적인 하락세를 보인 데 따른 것이다.
placeholder
이더리움 가격 전망: Bitwise 임원 “ETF 대규모 자금 유입” 전망에 ETH 8% 급등이더리움(ETH)은 수요일 8% 급등했다. 이는 Bitwise의 최고투자책임자(CIO)인 매트 호건(Matt Hougan)이 “이더리움을 추종하는 상장지수펀드(ETF)에 올해 하반기 최대 100억 달러 규모의 자금이 유입될 수 있다”고 전망한 데 따른 것이다.
저자  FXStreet
어제 01: 43
이더리움(ETH)은 수요일 8% 급등했다. 이는 Bitwise의 최고투자책임자(CIO)인 매트 호건(Matt Hougan)이 “이더리움을 추종하는 상장지수펀드(ETF)에 올해 하반기 최대 100억 달러 규모의 자금이 유입될 수 있다”고 전망한 데 따른 것이다.
placeholder
밈코인 가격 전망: DOGE·SHIB·PEPE 주요 저항선 도달…돌파 시 추가 상승 주목가상자산 시장 전반의 회복세 속에 밈코인들도 반등 흐름을 보이며 탄력을 받고 있다. 시가총액 기준 상위 3대 밈코인인 도지코인(DOGE), 시바이누(SHIB), 페페(PEPE)는 현재 일간 차트상 주요 저항선 부근에 위치해 있다.
저자  FXStreet
20 시간 전
가상자산 시장 전반의 회복세 속에 밈코인들도 반등 흐름을 보이며 탄력을 받고 있다. 시가총액 기준 상위 3대 밈코인인 도지코인(DOGE), 시바이누(SHIB), 페페(PEPE)는 현재 일간 차트상 주요 저항선 부근에 위치해 있다.
placeholder
솔라나 첫 스테이킹 ETF 출시…거래량 3,300만 달러 기록하며 XRP 선물 상회솔라나(SOL) 가격은 전일 4% 상승한 데 이어 목요일 154달러를 상회하며 상승세를 이어가고 있다. 이번 상승은 미국에서 출시된 솔라나 최초의 스테이킹 상장지수펀드(ETF) 데뷔 성공에 힘입은 것으로 분석된다.
저자  FXStreet
20 시간 전
솔라나(SOL) 가격은 전일 4% 상승한 데 이어 목요일 154달러를 상회하며 상승세를 이어가고 있다. 이번 상승은 미국에서 출시된 솔라나 최초의 스테이킹 상장지수펀드(ETF) 데뷔 성공에 힘입은 것으로 분석된다.
placeholder
MOODENG, Upbit Korea 거래 지원 소식에 40% 넘게 급등솔라나 기반 밈코인 Moo Deng(MOODENG)이 지난 24시간 동안 40% 넘게 급등하며, 목요일 기준 약 $0.204 선에서 거래되고 있다. 이번 급등의 주된 이유는 국내 암호화폐 거래소 업비트가 하마를 테마로 한 이 토큰에 대한 거래 지원을 공식 발표했기 때문이다.
저자  FXStreet
17 시간 전
솔라나 기반 밈코인 Moo Deng(MOODENG)이 지난 24시간 동안 40% 넘게 급등하며, 목요일 기준 약 $0.204 선에서 거래되고 있다. 이번 급등의 주된 이유는 국내 암호화폐 거래소 업비트가 하마를 테마로 한 이 토큰에 대한 거래 지원을 공식 발표했기 때문이다.
goTop
quote