XRP, Silent Even Amid Huge Bullish News... "Ondo Ate the Meal Ripple Prepared"

▲ XRP (XRP)

The tokenized asset settlement experiment involving Ripple, JP Morgan, and Mastercard achieved historical results, but XRP itself failed to translate the market's cheers into a price increase.

According to cryptocurrency media outlet U.Today on May 7 (local time), the main event in the fintech industry this week was the completion of the first cross-border redemption of tokenized US Treasury bonds (OUSG). The technology stack involving Ondo, Ripple, JP Morgan, and Mastercard enabled settlements in less than 5 seconds, but what investors focused on was not the transaction speed, but the stark difference in price reactions among the participating tokens.

Technically, this project was evaluated as an achievement of the XRP Ledger. Ripple utilized Ondo's smart contracts and payment gateways operated by major banks to redeem assets, and transactions were executed outside traditional financial business hours. While it demonstrated that tokenized liquidity can move instantly 24/7, the market's reaction was cool.

According to Santiment data, ONDO surged by 29% over the week and gained an additional 8% immediately after the announcement. In contrast, XRP only rose by 2.5%. Although millions of dollars moved through the network, the XRP price showed virtually no significant movement.

Santiment analyzed that the market no longer injects funds into the underlying network itself based solely on expectations of large-scale adoption. Capital is moving to specific protocols that create real value on top of the network, and Ondo Finance, which served as the issuer of income-generating assets in this transaction, was valued in the market like a stake in a profitable business.

The XRP Ledger once again proved its role as stable infrastructure, but it did not translate into a price catalyst for token holders. While XRP struggled at the $1.44 resistance level, ONDO simultaneously absorbed interest from its low price base and the real-world asset tokenization sector. Although the article's title featured Ripple and XRP, the actual fruits of the price increase went to Ondo holders.

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