XRP price rose 2.5% while ONDO surged 29% after the first near-real-time US Treasury redemption on the XRP Ledger.
Ripple's David Schwartz once hired legendary security guard Dan Kaminsky - famous for exposing a big flaw in the internet's DNS - to test XRP.
While the crypto market focuses its attention on bitcoin and ETFs, XRP quietly begins to attract technical analysts again. For several months, Ripple's token has been evolving in a historical support zone already observed before its previous rallies.
XRP has moved from a deleveraging panic to a fragile base-building phase, and the question of when the next all-time high will return hinges on catalysts that have yet to show up in price. The asset trades around $1.42 on CryptoSlate's live XRP page today, May 7, with a market value near $87.
Ripple and XRP moved further into institutional finance after Mastercard, Ondo Finance, and Kinexys by JPMorgan completed a major blockchain-based settlement pilot involving tokenized US Treasuries.
Tom Zschach threw cold water on Ripple's latest project. The former Chief Innovation Officer at SWIFT said XRP probably isn't needed in the tokenization pilot Ripple just ran with Wall Street firms.
Tom Zschach, the former chief innovation officer at the SWIFT payment network, took to social media on Thursday to pour cold water on the utility of the XRP token within the new institutional framework.
XRP pulled back even as Ripple and JPMorgan completed a cross-border tokenized Treasury settlement on XRPL, with price now testing whether the recent breakout structure can hold.
The number of new addresses per day on the XRP Ledger (XRPL), which uses XRP as its native token, has crashed by 85% since December 2024 through May 7.
A major event in the fintech industry this week was the completion of the first-ever cross-border redemption of tokenized U.S. Treasury bonds (OUSG). The technological stack involving Ondo, Ripple, JPMorgan and Mastercard enabled settlement in less than 5 seconds; however, for investors the aftermath was not the transaction speed, but the divergence in token performance among the participants.
Ripple's top blockchain architect trusts the process of holding through both bear & bull cycles, but profit-taking isn't off the table.
Ripple's XRP Ledger (XRPL) is moving closer to the center of global payments infrastructure as major Wall Street and card-network players expand experiments and deployments that use the blockchain for cross-border settlement and tokenized asset transfers—an evolution that markets are increasingly reading as more than a routine “crypto integration” story. According to the report, Morgan Stanley has launched a direct crypto trading service positioned with a lower-fee structure compared with competitors such as E*TRADE.