Quick overview

Live XRP/USD Chart

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Ripple (XRP) is settling above its short-term support level of $2.85. This support follows Monday’s precipitous decline to $2.7, which led to widespread liquidations.

 

Three possible outcomes: sideways price action around $2.85, a steady rebound toward the $3.00 key level, or the continuation of the downtrend toward the $2.50 round-number support.

The launch of a native lending protocol, tokenization of real-world assets (RWAs), and elite institutional Decentralized Finance (DeFi) are the main objectives of Ripple’s revised roadmap. According to Ripple’s announcement on Monday, the XRP Ledger (XRPL) has surpassed $1 billion in monthly stablecoin volume and is now among the top ten chains for RWAs.

Improvements to the XRPL have also guaranteed support for collateral management and stablecoin payments.

XRP is trading above the 100-day Moving Average (EMA) at $2.85, following a steep drop to $2.69 the day before. The Relative Strength Index (RSI) has reversed upward to 42 as the Bulls attempt to regain control.

Risk-on sentiment may be supported and the bullish grip confirmed by a daily close above the 100-day EMA. The bullish hold may be strengthened, and the $3 level may become accessible if price action breaks above the 50-day EMA, which is presently holding at $2.95.

RWA tokenization stands out as the cornerstone of “real-world finance,” with the XRPL anticipated to grow steadily with a carefully chosen feature set that strikes a balance between innovation, compliance, and dependability. According to Ripple, “regulatory compliance is the gateway to adoption; it is not an optional layer.”.

Decentralized Identifiers (DID), one of this layer’s key features, guarantee that organizations can validate identities without depending on centralized credentials and intermediaries, enabling trusted issuers to adhere to Know Your Customer (KYC) regulations.

A permissioned DEX, which permits secondary markets for RWAs or FX, and permissioned domains, which are used to establish user-controlled environments, are additional important features. Additionally, Ripple is aiming to introduce Credit On-Chain, a native lending protocol. Pooled lending, backed by ledger-level underwritten credit, will be introduced by the protocol.