Is XRP Price Going To $20 As Ondo Expands Support To XRPL?

• All signs converge to a $4.45-$20 price per XRP based on the technical readings of a popular crypto analyst.
• Ripple announced the expansion of Ondo Finance’s RWA tokenization to XRPL.

XRP Price to $20

Egrag Crypto, a popular technical analyst on X, claimed with utmost conviction that there’s a 70%-80% chance of XRP price heading to an upside breakout from an ongoing long-term descending channel. He said that “some big fundamental news” could reinforce the takeover of the bulls.

Odds of XRP Rally (Source: Egrag Crypto on X)Additionally, Egrag pointed out that understanding the market cap metric isn’t just about knowing how much money has been injected into XRP. He explained that its representation of the token’s overall valuation at a specific point in time could help predict where the digital asset is heading next. The analyst noted that other analysts’ estimates suggest XRP’s market cap tends to multiply by 15 to 30 times for every $1 injected into its overall valuation.

Now, matching the market cap movements and technical analysis within a “W formation measured move” in a non-logarithmic trend suggests that XRP is on its way to an overall valuation of $270 billion. The figures translate to a $4.50 per token if the token maintains its current supply of 58.81 billion.

ADVERTISEMENTXRP within a W Formation (Source: Egrag Crypto on X)On the other hand, the numbers are pumped within the logarithmic scale, indicating a $1.5 trillion market cap. At this rate, XRP could peak at $25 per token.

Meanwhile, historical patterns, combined with a dose of Fibonacci sequence analysis, dictate a possible $450 billion market cap that could bring XRP price between $7.60 and $17 per token if the trends replicate the 2017 bull rally, 2018 high and 2020 lows.

Lastly, a market cap of $1.2 trillion or $20 per token could play out if the bullish pennant on the XRP to USD and XRP to Bitcoin (BTC) breaks the $7.60 zone.

ADVERTISEMENTXRP Price within a Bullish Pennant (Source)## Extra Conditions for the XRP Price Rally

Again, as Egrag emphasized, these projections should be coupled with a positive narrative within the XRP ecosystem. So far, all eyes are on the following short- to medium-term events directly tied to the token and its chain, which have the potential to catalyze a significant price rally:

• Passage of the pending stablecoin bill and other favorable digital asset-related legislation in the US
• Finality of the US Securities and Exchange Commission’s (SEC) case against Ripple
• Approval of US spot XRP exchange-traded funds (ETFs)
• Boost in the institutional adoption of XRP and other related products and technologies

Ondo Finance Links with XRPL

Speaking of institutional adoption, Ripple announced today that Ondo Short-Term US Government Treasuries (OUSG) is now live on the XRP Ledger (XRPL). This links the real-world asset (RWA) tokenization of Ondo Finance with XRP’s blockchain.

Ondo Finance prides itself as a leader in RWA tokenization, with over $1.3 billion in total value locked. The sector considers OUSG as the first tokenized security to achieve material adoption. Its over $670 million in TVL makes it one of the largest tokenized securities in the market, aligning it with the offerings of industry heavyweights BlackRock and Franklin Templeton.

The cross-chain support allows “Qualified Purchasers” of the securities to subscribe and redeem OUSG on XRPL. They can settle their transactions using the Ripple USD (RLUSD) stablecoin, which burns XRP when used in transactions within the XRPL.

Furthermore, the feature enables permissionless access to tokenized securities 24/7, effectively bypassing the guardrails posed by traditional finance (TradFi) and increasing liquidity. RLUSD, a stablecoin pegged 1:1 to the US dollar, has a market cap of $393.64.

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