XRP: The Token That’s Still Kicking 🥊
It seems XRP has managed to hold on to its key support level at $3.21, and who can blame it? After all, the XRP Ledger has been busy tokenizing assets like there’s no tomorrow, reaching a whopping $243M in value. 📈 But what’s behind this surge, you ask? Well, it’s all about adoption and legal clarity, baby! 🤝
The XRP Ledger: A Tokenized Powerhouse
According to data from Real World Asset Watchlist, the XRP Ledger’s tokenized asset value has skyrocketed by 32.27% over the last 30 days. 📊 That’s right, folks, this network is outpacing major blockchains and leaving them in the dust! 💨
BREAKING: XRP Ledger has recorded +32.27% RWA growth in the past 30 days – outpacing major blockchains. 🚨
Now holds over $243M in tokenized assets. 🤑
– Real World Asset Watchlist (@RWAwatchlist_)
These tokenized assets include all sorts of goodies like commodities, currencies, and other instruments represented digitally. 📊 But what does it all mean? Well, analysts think this expansion might be a sign that institutions are finally warming up to blockchain-based settlement solutions. 🔥
Traders, Take Note!
CasiTrades, a market analyst, noticed that XRP recently took a little dip to around $3.17, but quickly recovered to the $3.21 support level. 🤯 That’s right, folks, this token is putting up quite the fight! 💪
XRP Holding Support as Market Awaits Breakout! 🚀
Over the weekend saw a slight pullback, dipping just under the critical $3.21 support level. Price action reached the .5 Fib retracement at ~$3.17 before finding support. Since that point, XRP has been struggling to… 🤔
– CasiTrades (@CasiTrades)
CasiTrades also spotted a bullish divergence, which is just a fancy way of saying that momentum is building, despite multiple tests of support. 📈 And if XRP manages to break above $3.21, we might just see a move towards higher resistance levels. 🚀 But, of course, there’s always a chance it could go the other way… 🤦♂️
Legal Woes Behind Them
The U.S. Securities and Exchange Commission (SEC) recently settled its lawsuit against Ripple, the company behind XRP. 📝 And what’s more, they even withdrew their appeal against a 2024 court ruling that said XRP isn’t a security when traded on public exchanges. 📚
This whole ordeal started back in 2020, when the SEC alleged that Ripple sold XRP in a way that broke securities laws. 🤯 But in the end, Ripple agreed to pay a $125 million penalty, and the case was finally laid to rest. 💀
So, what does this mean for XRP? Well, it’s all about operational certainty and removing uncertainty for market participants. 📈 And who doesn’t love a little clarity? 🤓
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2025-08-12 21:27