ONDO Jumps on Tokenized Treasury Pilot, Eyes $0.50 Breakout
ONDO surged after Ondo Finance completed a tokenized Treasury settlement pilot on XRPL, tied to Ripple, Mastercard’s Multi-Token Network, and J.P. Morgan’s Kinexys. The ONDO price is around $0.424, up ~11.7% in 24 hours and ~57.3% over seven days, with volume up ~140% to about $768M and market cap near $2.07B.
In the pilot, Ripple redeemed part of Ondo Short-Term U.S. Government Treasuries on XRPL; Ondo processed the redemption; Mastercard routed the settlement instruction; and Kinexys initiated fiat delivery via JPMorgan’s correspondent banking network. The on-chain asset leg processed in under five seconds, but cash settlement still depends on banking rails and compliance.
Traders are now focused on ONDO’s $0.48–$0.50 technical zone. A strong daily close above $0.50 on continued volume could extend momentum toward ~$0.56–$0.60. Failure to reclaim $0.50 raises the risk of a pullback toward the lower range around ~$0.3788. With buyers already pushing near the $0.50 area, short-term profit-taking is likely.
Bullish
The pilot success directly reinforces the RWA narrative around faster settlement using XRPL while keeping compliant cash delivery via banking rails. For ONDO specifically, the news coincided with a sharp upside move (24h and 7d gains) and heavy volume, suggesting traders are willing to bid the token. However, price is already near the $0.48–$0.50 breakout trigger and has shown near-term momentum risk (profit-taking / potential overbought behavior), so bullish bias remains, but with elevated short-term pullback risk unless ONDO holds and breaks above $0.50.