Ondo Finance has successfully piloted the first near-real-time, cross-border 
redemption of a tokenized U.S. Treasury fund, leveraging the XRP Ledger and 
Mastercard’s Multi-Token Network to bridge public blockchain and traditional 
banking. Integration of Public and Private Infrastructure Ondo Finance, a 
leader in the tokenized asset space, announced May 6 the successful completion 
of the first […]

Ondo Finance Clears First XRP Ledger Treasury Redemption Into Singapore Bank

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The post Toncoin doubles on growing Make TON Great Again momentum appeared 
first on Crypto Briefing.

Toncoin doubles on growing Make TON Great Again momentum

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XRP price started a downside correction from the $1.4550 zone. The price is 
now consolidating and might aim for another increase if it stays above the 
$1.40 zone. XRP price started a downside correction after it failed to clear 
the $1.4550 zone. The price is now trading near $1.4080 and the 100-hourly 
Simple Moving Average. There is a bullish trend line forming with support at 
$1.4050 on the hourly chart of the XRP/USD pair (data source from Kraken). The 
pair could start a fresh increase if it settles above $1.4220. XRP Price Dips 
Again XRP price started a decent upward move above $1.3850 and $1.4150, like 
Bitcoin and Ethereum. The price gained pace for a clear move above the $1.4220 
resistance. A high was formed at $1.4570, and the price started a downside 
correction. There was a move below $1.4320 and $1.420. The price dipped below 
the 38.2% Fib retracement level of the upward move from the $1.3460 swing low 
to the $1.4570 high. The price is now trading near $1.4080 and the 100-hourly 
Simple Moving Average. There is also a bullish trend line forming with support 
at $1.4050 on the hourly chart of the XRP/USD pair. If there is a fresh upward 
move, the price might face resistance near the $1.420 level. The first major 
resistance is near the $1.4220 level, above which the price could rise and 
test $1.4350. A clear move above the $1.4350 resistance might send the price 
toward the $1.4550 resistance. Any more gains might send the price toward the 
$1.4620 resistance. The next major hurdle for the bulls might be near $1.4840. 
Another Drop? If XRP fails to clear the $1.4220 resistance zone, it could 
start a fresh decline. Initial support on the downside is near the $1.3050 
level. The next major support is near the $1.40 level and the trend line or 
the 50% Fib retracement level of the upward move from the $1.3460 swing low to 
the $1.4570 high. If there is a downside break and a close below the $1.40 
level, the price might continue to decline toward $1.3820. The next major 
support sits near the $1.3620 zone, below which the price could continue lower 
toward $1.350. Any more losses might call for a test of $1.3320. Technical 
Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the 
bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is 
now below the 50 level. Major Support Levels – $1.4050 and $1.4000. Major 
Resistance Levels – $1.4220 and $1.4550.

Ondo Finance Clears First XRP Ledger Treasury Redemption Into Singapore Bank

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