ONDO jump for tokenized treasury pilot, dey eye $0.50 breakout
ONDO climb after Ondo Finance finish tokenized Treasury settlement pilot for XRPL wey join with Ripple, Mastercard Multi-Token Network, and J.P. Morgan Kinexys. ONDO price dey around $0.424, up about 11.7% for 24 hours and about 57.3% for seven days, with volume up about 140% to near $768M and market cap close to $2.07B.
For the pilot, Ripple redeem part of Ondo Short-Term U.S. Government Treasuries on XRPL; Ondo process the redemption; Mastercard route the settlement instruction; and Kinexys start fiat delivery through JPMorgan correspondent banking network. The on-chain asset side clear in under five seconds, but cash settlement still depend on banking rails and compliance.
Traders now dey focus on ONDO technical zone $0.48–$0.50. If e get strong daily close above $0.50 with steady volume e fit push momentum go toward about $0.56–$0.60. If e no fit reclaim $0.50, risk dey for pullback to lower range around $0.3788. Because buyers don dey push near $0.50 area, short-term profit-taking likely.
Bullish
Di pilot success na directly dey reinforce di RWA narrative say settlement go faster wit XRPL while dem still dey keep compliant cash delivery through banking rails. For ONDO especially, di news con dey kampe wit sharp upside move (24h and 7d gains) and heavy volume, show say traders ready to bid di token. But price don near di $0.48–$0.50 breakout trigger and e don show short-term momentum risk (profit-taking / potential overbought behavior), so bullish bias still dey, but short-term pullback risk high unless ONDO hold and break above $0.50.