This partnership enables seamless access to tokenized U.S. Treasury bonds through the stablecoin RLUSD, enhancing the position of $ONDO .
in the real-world assets (RWA) sector.
Despite strong growth in TVL, Ondo Finance's annual protocol fees stand at $54.24 million, with revenue of $11.69 million so far, raising concerns about the platform's revenue model.
Ondo Finance, a giant startup in the real-world assets (RWA) sector, has achieved a new milestone in its developmental journey, surpassing its all-time high in total value locked (TVL). This increase came after its recent partnership with Ripple, which saw the integration of Ondo's offerings with the XRP Ledger (XRPL) and easy access via the stablecoin RLUSD. $XRP
Although the platform is experiencing strong asset growth, its revenue generation capacity is moderate. Ondo's annual protocol fees are said to be $54.24 million, while the platform has generated $11.69 million in revenue.
These figures indicate continuous growth, but they also reveal a gap between locked capital and direct returns to token holders. This may be a concern factor that will shape user sentiments in the future.
What’s next for the price of $ONDO ?
Technical indicators have shown that ONDO is moving smoothly within its upward trend line. Recently, the token traded around the $0.88 level with support at the $0.867 level. Analysts consider this area a potential turning point; a successful test may lead to ONDO re-testing the $0.90 level, ultimately reaching its previous high of $0.98.
However, momentum indicators are sending mixed signals. Recently, the Moving Average Convergence Divergence (MACD) line dropped below its signal line by 0.0053, now in negative territory. This suggests a decline in bullish momentum, which could signal pressure in the near term unless demand returns to the market.
The drop below the $0.867 level indicates further decline to $0.84 or lower. Therefore, traders are monitoring this area, and any confirmed drop below the trendline could shift current sentiments from bullish to bearish. The previous support level at $0.867 and the resistance level at $1 are currently considered directional bias levels in ONDO's price behavior in the near term.
With institutional interest being attracted and actual integration developing, the short-term price response remains uncertain. Meanwhile, Ripple's XRP has maintained relative stability, trading at $2.24 with slight increases over the past 24 hours.
This means that the Ripple-Ondo integration, despite its strategic importance, has not directly affected the market valuation of XRP.
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