XRP Ledger Tokenized Assets Soar to $243M as Support Holds
XRP has maintained its key support level at $3.21 as the XRP Ledger’s tokenized asset value surged. On-chain data from Real World Asset Watchlist shows a 32.27% growth in tokenized assets on the XRP Ledger over the past 30 days, pushing total value above $243 million. The assets include commodities, currencies and other digital representations, reflecting growing blockchain adoption by institutions.
Technical analysis highlights that XRP recently dipped to $3.17, testing the 0.5 Fibonacci retracement before rebounding to $3.21 support. CasiTrades identified a bullish divergence, suggesting rising momentum. A breakout above $3.21 could open the path to higher resistance, while a drop below $3.10 would invalidate the current bullish case.
The SEC’s withdrawal of its appeal in the Ripple lawsuit has removed a key regulatory overhang. This settlement confirms that XRP is not a security on public exchanges, offering legal clarity and potential operational stability for Ripple and traders.
Bullish
The surge in tokenized assets on the XRP Ledger and firm support at $3.21 create a bullish outlook. A 32.27% month-on-month rise to $243M underscores growing institutional adoption of blockchain settlement solutions. Technical indicators, including a successful test of the 0.5 Fibonacci retracement and bullish divergence, mirror past consolidation phases that led to upward breakouts. The SEC’s withdrawal of its appeal in the Ripple case removes a major regulatory overhang, similar to positive rulings in other crypto legal disputes that triggered market rallies. In the short term, traders may push XRP above key resistance levels on positive on-chain data. Over the longer term, sustained asset tokenization growth and legal clarity could attract further institutional capital and underpin continued price appreciation.