XRP Gains on Ondo, Ripple, JPMorgan, Mastercard Partnership
XRP gains slightly as Ondo Finance announced that it has successfully completed the first cross-border and interbank buyback of tokenised US Treasury bonds in collaboration with JPMorgan Chase’s Kinexys platform, Mastercard, and Ripple.
Trading data from the crypto market showed XRP hovering around $1.44, amid rising volume. This is in line with the overall market direction, supported by easing geopolitical tensions.
XRP is caught between institutional optimism and a tense market structure, with insiders striking a pragmatic tone. Reflecting a positive outlook, XRP joins Bitcoin, Ethereum, and Solana in a $1.3T fund manager “big four” for expected growth.
A survey of asset managers overseeing $1.3 trillion has placed XRP in an elite “big four” of assets expected to grow, alongside Bitcoin, Ethereum, and Solana.
This reflects a Wall Street shift toward fundamentals as speculation hits a historic low. The main barrier to larger allocations remains political deadlock over the Clarity Act.
This is bullish for XRP because it signals strong institutional conviction and a maturing investment thesis, positioning it as a core holding pending regulatory clarity. However, actual portfolio exposure remains modest at a median of 1%.
XRP’s 30-day liquidity index on Binance has dropped to 0.038, its lowest level since 2020. While the price consolidates near $1.46, this thin market depth means even small trades could trigger outsized price swings, creating a “pressure cooker” scenario.
This is neutral with high risk, as low liquidity can amplify moves in either direction. It suggests that whale accumulation reduces exchange supply but also increases vulnerability to sudden sell-offs if sentiment sours.
In an official statement, Ondo Finance announced that it has successfully completed the first cross-border and interbank buyback of tokenised US Treasury bonds in collaboration with JPMorgan Chase’s Kinexys platform, Mastercard, and Ripple.
The companies stated that this transaction represents a significant milestone for the interoperability of tokenised assets and international financial transactions.
Ondo revealed that the pilot application demonstrated the coordination between public blockchain infrastructures and interbank payment and settlement systems.
The company said that the transaction carried out formed the basis for a 24/7, near real-time cross-border settlement infrastructure for tokenised asset buybacks among global banks, according to CoinMarketcap.
As part of the pilot operation, Ripple repurchased tokenised assets issued on the XRP Ledger. The fiat currency settlement of the transaction was triggered via Mastercard’s Multi-Token Network (MTN), which enables interoperability between different value transfer systems.
The fiat currency transfer process was initiated on Kinexys by J.P. Morgan’s blockchain infrastructure, while JPMorgan’s banking network was used for the cross-border transfer of funds.
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