đ€Ż Rippleâs $10M Bet Aims to Tokenize US Treasury Bills: XRP Price to $1?
đ XRP Sell-Off: A brief sell-off on Wednesday halted XRP's momentum at $0.65. Traders are eyeing a reversal that could push XRP past $0.721 and towards $1, fueled by a major investment in real-world assets (RWA).
đ RWA Expansion: Ripple partners with Open Eden Labs to merge blockchain and RWA sectors, aiming to boost capital efficiency and yield. Ripple invested $10 million to mint US Treasury bulls on the XRPLedger, supporting $90 million in tokenized US T-bills.
đ XRP Rebound Potential: After buying at $0.5325, traders are optimistic about a Ripple-SEC settlement. XRP could hit $0.721 and rally to $1, with a higher target of $1.23 if bulls prevail. RSI above 50 and the Awesome Oscillator suggest bullish momentum.
đĄïž Support & Resistance: XRP looks for support at $0.5325, aided by buy-the-dip strategies. However, if $0.532 support breaks, XRP may face a 21% drop to $0.422, reducing the chance of surpassing $0.7.
