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 and Ripple debut tokenized fund. Source: ArchaX/X
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.
XRP/USD 1-day price chart. Source: CoinMarketCap
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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