So, apparently, the Ondo Short-Term US Government Treasuries (OUSG) token—backed by BlackRock’s BUIDL fund—is now letting fancy investors mint and redeem tokens faster than you can say “RLUSD stablecoin.” 🚀
According to a very official blog post by Ondo Finance, this whole shebang will be live on the XRP Ledger (XRPL) in six months. Because, you know, blockchain moves at the speed of bureaucracy. 🐢
Both Ripple and Ondo Finance have thrown some seed money into the pot for initial liquidity, but they’re keeping the exact amount a secret. Probably because it’s either embarrassingly small or ridiculously large. 🤷♀️
Oh, and guess what? ONDO, the governance token of Ondo Finance, shot up by 4% after the announcement. Because nothing says “we’re serious” like a tiny price bump. 📈
Tokenizing real-world assets (RWAs) like bonds and credit instruments is apparently the new hotness in finance. It’s all about faster settlements and efficiency, which is great because who has time to wait for traditional banking? Not us. 💅
Tokenized U.S. Treasury products are leading the charge, growing fourfold in the past year to a whopping $3.5 billion market. According to rwa.xyz, because of course, there’s a website for that. 🌐
Markus Infanger, Senior VP of RippleX, said something about 24/7 intraday settlement being a “transformative shift.” Translation: blockchain is here to make your life easier, even if you don’t understand how it works. 🤓
The XRPL and OUSG: Institutional Finance In Harmony
This is great news for Ripple and XRP, because the XRPL is basically the Swiss Army knife of blockchain—built for cross-border payments, digital asset custody, and now, tokenized US Treasuries. 🛠️
With features like decentralized identifiers (DIDs) and price oracles, the XRPL is positioning itself as the go-to platform for institutional-grade financial solutions. Because nothing screams “trust us” like a bunch of acronyms. 🧐
By integrating OUSG with the XRPL, Ondo Finance is bringing institutional-grade assets directly to the institutions. It’s like Uber Eats, but for tokenized assets. 🚗💨
Brad Garlinghouse Advocates for a U.S. Digital Asset Reserve that Includes XRP
Meanwhile, Brad Garlinghouse, CEO of Ripple Labs, is out here advocating for a U.S. digital asset reserve that includes a diverse range of tokens. Because why settle for one when you can have them all? 🎰
“I own XRP, BTC, and ETH, along with a handful of others—we live in a multichain world,” Garlinghouse said on X. Translation: don’t put all your eggs in one blockchain basket. 🥚
His comments come after former President Donald Trump floated the idea of a national digital asset stockpile. Because nothing says “innovation” like a politician jumping on the crypto bandwagon. 🚂
Garlinghouse is firmly against Bitcoin maximalism, calling it the “true enemy of crypto progress.” Because, let’s be honest, maximalism is just FOMO with a fancy name. 🙄
At the time of reporting, XRP was trading at $3.13 but took a nosedive to $2.64 during the DeepSeek crash. Because crypto is nothing if not dramatic. 🎭
How High Can The XRP Price Go in 2025?
XRP is showing signs of upward momentum, with technical patterns suggesting a rally toward $4 in the short term. Here’s what the experts (and some random charts) are saying. 📊
Bull Flag Breakout Targets $4
- XRP recently broke past a major resistance level, confirming a bull flag breakout on the 4-hour chart. 🐂
- This pattern hints at further upside, with $4.00 as the next target. But if it fails, we’re looking at a retest of $2.75. Because crypto loves a good plot twist. 🎢
Long-Term Potential: $14 by 2025?
- XRP is also breaking out of a bull pennant pattern on the weekly chart, pointing to a massive rally toward $14.45 by 2025. 🚀
- Key Fibonacci levels include $4.82, $8.39, and the full breakout target of $14.45. Because math is fun when it involves money. 💰
Fundamentals Support Bullish Outlook
- Ripple has secured Money Transmitter Licenses in New York and Texas, which is a big deal if you’re into that sort of thing. 🏛️
- There’s optimism around the potential resolution of the Ripple Vs SEC lawsuit. Because nothing says “bullish” like legal drama. ⚖️
- Traders are anticipating the approval of XRP spot ETFs by 2025. Because ETFs are the new black. 🖤
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2025-01-29 12:22