XRP Price Skyrockets as Ripple Launches Tokenized Money Market Fund, Analysts Predict Surge to $4.96

XRP's price has gained momentum after Ripple launched its first tokenized money market fund on the XRP Ledger.

XRP price is up as Ripple launches its first tokenized money market fund on the XRP Ledger. The fund, built with Archax, tokenizes abrdn’s $4.77 billion U.S. dollar Liquidity Fund. Meanwhile, analysts predict XRP could rally to $4.96 based on key technical levels.

Ripple, Archax Launch Tokenized Money Market Fund

Ripple has partnered with Archax, a U.K.-regulated crypto exchange, to tokenize abrdn’s multi-billion dollar Liquidity Fund. The initiative aims to bring operational efficiencies to the investment process by utilizing blockchain technology, the company said.

“There is growing momentum behind the tokenization of RWAs, with Ripple’s move aligning with projections from the Boston Consulting Group, which anticipates the tokenized assets market could reach $16 trillion by 2030,” the announcement adds.

CryptoSlate recently reported on the tokenization of real-world assets (RWAs) on various blockchains. According to Dune Analytics data, Ethereum currently leads with $3.07 billion in tokenized RWA assets, followed by Stellar’s $386.2 million.

Analyst Projects XRP Surge to $4.96

Crypto analyst EGRAG CRYPTO projects XRP price could rally to $4.96, supported by key Fibonacci levels. He noted that XRP recently broke above Fib 0.702 and is approaching Fib 0.786, indicating bullish momentum.

If XRP closes this month above Fib 0.786 ($60.06 billion market cap), it could target Fib 1.618, which represents a $4.96 price and a $283 billion market cap, the analyst said.

“Not only that, but XRP is breaking out of a multi-year ascending trendline, dating back to 2017,” Egrag added. He noted that this breakout signals “a major upside for XRP,” contingent on the current monthly candle closing above the Fib 0.786 level, which is at a $60.06 billion market cap.

At the time of writing, XRP price is up 27.9% over the past week, trading at $1.43 on Nov. 25. The rally coincides with Ripple’s tokenization push and the bullish technical setup. Traders will be watching to see if XRP can maintain this momentum and reach the $4.96 target in the coming weeks.