XRP Rises to $1.47 as Tokenised Commodity Hits $1bn
Ripple (XRP) maintains its 24-hour momentum in early trading on Monday, with the price climbing to $1.47 amid a broader crypto market rally. XRP is up 4% to $1.47, outperforming a broader market rally primarily driven by a technical breakout above key resistance.
Crypto analysts said that if XRP holds support near $1.43–$1.44, a test of $1.50 is likely; a break below could trigger a retracement toward $1.39–$1.40, with the upcoming Federal Reserve meeting as a key catalyst.
XRP cleared a major resistance level at $1.426 that had capped prices for months, shifting short-term momentum bullish. The breakout was validated by a volume spike of over 250% to roughly 170 million tokens, indicating strong buyer conviction.
The break above a persistent ceiling suggests accumulation and a potential trend change, with buyers now attempting to turn former resistance into support.
The move occurred alongside a broad crypto surge, with Bitcoin gaining 1.8%. This was fueled by easing geopolitical tensions and improved liquidity for risk assets.
The immediate path hinges on holding the breakout. The concrete trigger is the Federal Reserve’s policy decision on March 18, which will influence broader market liquidity.
If XRP maintains support above $1.43, the next target is the psychological $1.50 level. A failure to hold support, however, could see a retest of the $1.39–$1.40 area.
The breakout is technically sound, but it must hold against macro headwinds. The combination of a clean technical signal and improving on-chain metrics provides a credible foundation for further gains if broader market conditions remain supportive.
The XRP Ledger has become the second-largest blockchain for real-world asset (RWA) tokenisation, hosting over $1.14 billion in tokenised assets, including gold and carbon credits.
This growth is driven by the network’s fast, low-cost settlement, processing millions of daily transactions. The trend is bolstered by the European Central Bank’s move to accept DLT-issued securities as collateral from March 30 Ethereum Tops $2k as BlackRock Launches Yield-Paying ETH ETF
