NAIROBI (CoinChapter.com)—XRP’s price has gained momentum after Ripple launched its first tokenized money market fund on the XRP Ledger. The fund, developed with Archax, tokenizes abrdn’s $4.77 billion U.S. dollar Liquidity Fund. At the same time, analysts predict XRP could rise to $4.96 based on key technical levels.
Ripple and Archax Launch Tokenized Money Market Fund
Ripple partnered with Archax, a U.K.-regulated crypto exchange, to tokenize abrdn’s multi-billion-dollar Liquidity Fund. The company stated that this initiative aims to bring operational efficiencies to the investment process by leveraging blockchain technology.
Archax CEO Graham Rodford noted the growing momentum in tokenized RWAs. Ripple’s move aligns with projections from the Boston Consulting Group, which estimates the tokenized assets market could reach $16 trillion by 2030.
Ripple’s recent endeavor positions it alongside Ethereum and Stellar, which have also made strides in tokenizing real-world assets. According to Dune Analytics, Ethereum currently leads with $3.07 billion in tokenized RWA assets, followed by Stellar’s $386.2 million.
Analyst Predicts XRP Surge to $4.96
Crypto analyst EGRAG CRYPTO projects XRP’s price could rally to $4.96, supported by key Fibonacci levels. He noted that XRP recently broke above Fib 0.702 and is nearing Fib 0.786, signaling bullish momentum. If XRP closes this month above Fib 0.786 ($60.06 billion market cap), it could target Fib 1.618, representing a $4.96 price and a $283 billion market cap.
XRP market cap targets breakout milestones. Source: Egrag Crypto
In addition, Egrag highlighted that XRP is breaking through a multi-year ascending trendline, which dates back to 2017. He claimed that this breakout signals a major upside for XRP, contingent on the current monthly candle closing above the Fib 0.786 level, which is at a $60.06 billion market cap.
Notably, XRP’s price has risen 27.9% in the past week, reaching $1.43 as of Nov. 25. The rally coincides with Ripple’s tokenization push and the bullish technical setup. Traders will now watch whether XRP can maintain this momentum and reach the $4.96 target in the coming weeks.
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