XRP Price Analysis: Ripple-BCG Report Predicts Explosive Tokenization Growth, Market to Reach $18.9000000000 by 2033

The Ripple-BCG report predicts that the tokenization of real-world assets will grow from $0.6 trillion in 2025 to $18.9 trillion by 2033.

A report developed jointly by Ripple and Boston Consulting Group (BCG) predicts a massive growth in the tokenisation of real-world assets in the coming years. The report, titled "Approaching the Tokenisation Tipple Point," forecasts that the market will reach $18.9 trillion by 2033.

According to the report, tokenisation will play a pivotal role in revamping the entire financial system. It will facilitate fractional ownership, enable instant transfer, and ensure regulatory compliance.

The study, which focused on the tokenisation of bank loans, bonds, and real estate, projects a rapid expansion of the market, starting with an estimated $580 billion in 2023 and increasing to $7.1 trillion by 2025.

Furthermore, the report sheds light on how Ripple's XRP token will be a key player in this new financial system.

XRP Price Technical Analysis

In the last one year, XRP, the fourth largest cryptocurrency by market cap, has seen an increase of 238.2%.

At the beginning of this year, XRP was trading at $0.6. On January 16, XRP touched a high of $3.399, while at the beginning of the year, on January 1, the price of XRP was $2.08.

Between January 1 and 17 alone, the XRP market grew by around 57.94%. Since January 18, the market has seen a decrease of nearly 37.36%.

Since mid-January, the XRP market has been moving inside a descending trendline.

At the beginning of this month, XRP was trading around $2.0900. At one point on April 2, XRP reached as high as $2.2322, but by the end of that day, it slipped to a low of $2.0229.

Although between April 3 and 5, the XRP market rebounded by 5.92%, it saw a severe correction of 16.16% between April 6 and 8.

While the market experienced strong buying pressure on April 9, it was not adequate enough to help the XRP market recover from the previous correction.

In the last 24 hours, the XRP price has recorded a rise of 1.7%. Currently, the price stands at $2.06 – slightly above the crucial $2 mark.

The RSI on the daily chart of XRP stands at 46.12. On April 8, it was as low as 32.12. The growth from 32.12 to 46.12 in this short period shows improving bullish momentum.

The 200-day EMA on the daily chart of XRP remains at $1.9506. The EMA level currently acts as a strong support.

Anyway, to confirm a long-term uptrend, the XRP market has to close strongly above the descending trendline resistance.