Ondo Finance’s flagship product OUSG launched this week. XRP The ledger, with tokenized U.S. Treasury bonds valued at $693 million, opens channels for institutional funds. This product supports seamless minting and redemption of Ripple stablecoin RLUSD around the clock, marking a significant breakthrough for traditional financial assets in the XRP ecosystem.
At the same time, trading data shows that XRP derivatives open interest surged by 3.56%, reaching a total of $4.18 billion, indicating that investors are quietly positioning themselves during the price consolidation period.
Today, June 13, has become a focal date for the XRP community. Multiple sources indicate that the long-standing lawsuit between Ripple and the U.S. Securities and Exchange Commission (SEC) may reach a final settlement on this day.
Previously, the U.S. Court of Appeals ordered the SEC to submit a progress report on the settlement with Ripple by June 16. Legal experts pointed out that if both parties reach an agreement and gain the judge’s support, it will end years of regulatory uncertainty.
The market has reacted to this: after the settlement news was released, XRP price The daily increase exceeded 4%, and the trading price surged above $2.25. Analysts generally believe that a favorable settlement will clear the biggest regulatory hurdles for XRP.
Against the backdrop of improving regulatory conditions, the approval probability of the XRP spot ETF has seen a remarkable surge. According to the latest data from Polymarket, the approval probability of the XRP spot ETF has soared to 93%, setting a new historical high.
Major asset management companies are competing to布局:
Bloomberg analysts predict that once the XRP spot ETF is approved, it could bring in between 4 billion to 8 billion dollars in institutional capital, becoming a key force in reshaping XRP’s valuation.
On June 11, Ondo Finance announced the launch of its flagship short-term U.S. Treasury fund OUSG on the XRP ledger. This tokenized asset product, valued at $693 million, allows investors to seamlessly mint and redeem using Ripple’s stablecoin RLUSD.
Markus Infanger, the Senior Vice President of RippleX, stated: “The 24/7 intra-day settlement enabled by tokenized assets like OUSG marks a transformative shift in capital flow management, freeing it from the constraints of traditional trading hours and slow settlement processes.”
This collaboration addresses the enterprise-level infrastructure needs faced by the tokenization of real-world assets, providing a solid foundation for attracting institutional funds to the XRP ledger.
As the spot price consolidates sideways, the derivatives market is sending strong signals. Data shows that the total open interest for XRP has surged to 4.18 billion USD, increasing by 3.56% within 24 hours.
This phenomenon contrasts sharply with the low price volatility: the trading range of XRP has narrowed to between $2.25 and $2.33 over the past 24 hours. Technical analysts point out that this combination of increasing open interest and price stability is often a precursor to explosive market breakthroughs.
CoinGlass historical data indicates that the trend of increasing open interest corresponds with the pattern observed at the end of the first quarter of this year, after which XRP experienced a significant price surge.
With multiple positive factors stacking up, analysts have raised their XRP price expectations:
It is worth noting that the XRP Ledger’s transaction fee burn mechanism has an annual growth rate of 25%, continuously exerting supply contraction pressure on XRP, which constitutes long-term value support.
With Coinbase officially launching XRP futures today.24⁄7Trading, Wall Street institutional funds are accelerating their inflow into the cryptocurrency market.
On the technical chart, the open interest of XRP has risen to 4.18 billion USD, while the price volatility range has narrowed to 2.25 - 2.33 USD, forming a clear technical squeeze pattern. This divergence between the derivatives market layout and the stagnation of spot prices has historically often been a precursor to breakout trends.
The market is always seeking certainty amidst uncertainty, and today’s XRP market is playing out such a _script_. Whale investors have claimed on social platforms: “Those who understand the current situation of XRP are about to retire the entire bloodline.” Regardless of the outcome, June 13th is destined to be recorded in the history of XRP’s development.