Usman Salis
XRP (Ripple) could be gearing up for a major move as Mercado Bitcoin plans to tokenize over $200 million in real-world assets on XRP Ledger, giving traders fresh reasons to watch key resistance levels.
XRP (Ripple) Ledger Lands Major $200M Tokenization Project
XRP Ledger just scored big with one of Latin America's largest tokenization deals. Mercado Bitcoin, a major digital asset platform in the region, is planning to tokenize more than $200 million worth of real-world assets on XRPL. We're talking about fixed income and equity instruments - serious stuff that could boost XRP's utility in a major way.
This isn't just another crypto announcement. Mercado Bitcoin is using this as part of their international expansion strategy to increase liquidity and bring regulated digital products to South America and Europe. Industry watchers are calling it one of the biggest tokenization moves by any Latin American institution on XRP Ledger.
The timing couldn't be better. Real-world asset tokenization is heating up across crypto, and XRP Ledger is positioning itself as the go-to platform for enterprise-level financial transactions. If more capital flows into RWA projects on XRPL, we could see utility-driven demand that actually moves the needle for XRP's price.
XRP (Ripple) Technical Setup Points to Key $2.38 Level
Right now, XRP is trading at $2.22, down 0.7% in the last 24 hours. The token has been consolidating after recent market volatility, but crypto analyst Ali has his eye on a crucial level that could change everything.
According to Ali, $2.38 is the magic number. "The key resistance level for XRP is $2.38. Breaking above it could trigger a major move," he tweeted recently. This level matters because it's sitting right near the daily 200 SMA, which has been acting like a ceiling for XRP since late May.
If XRP can punch through $2.38, the next stop would be $2.65, with $3.00 as the bigger target. Traders are watching this setup closely because a breakout here could signal the start of XRP's next big leg up.
What This Means for XRP (Ripple) Price Action
The combination of institutional adoption through Mercado Bitcoin's tokenization project and favorable technical levels is creating an interesting setup for XRP. Bulls are hoping this real-world utility story, combined with a technical breakout, could be the catalyst they've been waiting for.
The $200 million tokenization deal shows that serious players are betting on XRP Ledger's infrastructure. As more traditional finance moves toward blockchain solutions, XRP's proven track record could attract even more high-value partnerships.
Bottom line: XRP traders have two things to watch - whether the tokenization news creates enough momentum to push through $2.38, and if that breakout leads to the next major rally. The setup is there, now it's just a matter of execution.
Usman Salis
