- ONDO Finance launches Tokenized US Treasuries (OUSG) on the XRP whides – which makes access to 24/7 access via RLUSD.
- ONDO gets new all time high in TVL like his PRice charged to the $ 1 marking with XRP that also sees modest profits.
ONDO Finance [ONDO] Remained in the real assets space with his recent collaboration with Ripple’s XRP whides to make access to 24/7 access via the RLUSD Stablecoin.
ONDO partners Ripple while TVL touches New High
In the collaboration of ONDO Finance and Ripple, the tokenization of the American treasuries Cross Stay at the XRP whides with 24/7 is the right to access and repayment in RLUSD.
Mixing was made possible via the Buidl Fund, a BlackRock initiative, which made ONDO the Hub of Institutional Defi infrastructure.
But this was not just a story game – this was operational capital investments in the search for scalable income. ONDO jumped a new of all time high on its total value of $ 1,368 billion.
This was more than $ 20 million in extra growth since the previous milestone.
Source: Defillama
Market capitalization was equal to $ 2,824 billion and the daily volume was $ 167.02 million. However, the income was less impressive – annual reimbursements amounted to $ 54.24 million.
The turnover of the platform was $ 11.69 million when holders continued to share.
That was an indication of the growth momentum in ONDO, but also indicative of the absence of returns of direct holders, which can be a problem as the sector matures.
As the XRPL integration went live and the TVL increased, the ONDO strategy turned out to bring results. This was in terms of bringing real-world assets to Defi-Rails.
The extent to which it can maintain will relate to its success in balancing institutional attractiveness with community stimuli.
How will the prices react?
Technically, ONDO continued to increase along the trendline and support in approaching the $ 0.867 area. The price circled around $ 0.88 and the indication of pressure was seen as the trend line of the price re -tested.
Provided that this support was held under ONDO, it can come back to the $ 0.90 area and even come a second time to challenge the Swing High with around $ 0.98.
Nevertheless, a decrease in levels under $ 0.867 can lead to the withdrawal to $ 0.84 or even deeper.
The MACD indicated a deteriorating bullish trend, where the MACD line fell under the signal line ($ 0.0053) and on its way to a negative area.
This reversal indicated possible weakness in the short term, unless the momentum could be restored.
Source: Trade reproduction
The trend structure was meanwhile intact, although a confirmed break would make sentiment Beararish under rising support. The traders can observe $ 0.867 and $ 1 as directional validation areas.
In the meantime, the price of XRP, on the other hand, saw the last 24 hours of modest winnings while retaining his stay around $ 2.30 zone.
This emphasized that the partnership had no direct impact on the prices of the crypto in the short term, but would in the long term.