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😊😊 Info for XRP Holders 😊😊
Developments in the XRP Ecosystem
Ondo Finance has announced plans to launch a tokenized U.S. Treasury fund on the XRP Ledger within the next six months.
👉👉 The fund, called Ondo Short-Term U.S. Government Treasuries (OUSG), will use Ripple's RLUSD stablecoin for the minting and redemption processes.
This initiative aims to provide 24/7 access to U.S. government-backed assets through blockchain technology, marking a significant step towards institutional-quality services on the XRP Ledger.
👉👉 Additionally, Ripple has decided to discontinue its quarterly market reports, citing misuse during legal proceedings, particularly in its case with the SEC.
👉👉 This move ends an eight-year tradition of promoting transparency through regular market updates.
🚨 Technical Analysis: XRP Price Outlook
The stability of XRP's price above $2.10 is notable.
Key support zones are identified between $1.60 and $1.80, with secondary support between $1.85 and $2.00.
Short-term resistance is observed around $2.40, while higher resistance levels are between $2.90 and $3.00. A rounded top pattern near $3.80 suggests recent distribution phases.
🚨 Technical indicators show mixed signals.
The 50-day Simple Moving Average (SMA) is trending downward and approaching the 200-day SMA. A downward crossover could form a "death cross," often associated with potential further declines in price.