XRP (XRP) failed to sustain gains after Ondo Finance, Ripple, JPMorgan Chase and Mastercard completed a cross-border tokenized Treasury settlement pilot on the XRP Ledger this week.
High-Profile Partnerships Fail to Lift XRP Rates
In a press release published May 6, Ondo Finance said its tokenized US Treasury fund, OUSG, was redeemed across banking networks using infrastructure connected to Ripple, JPMorgan’s Kinexys platform, and Mastercard’s Multi-Token Network.
The pilot used XRPL for the asset redemption leg, which settled in under five seconds, while fiat settlement occurred through traditional banking rails outside normal operating hours.
The announcement briefly lifted XRP by around 1% to roughly $1.42 intraday before the gains faded.
By May 8, XRP traded near $1.38–$1.41, down about 5.3% from levels seen immediately after the announcement, amid broader crypto market consolidation.
Worries that the US–Iran ceasefire may end amplified the sell-off, a reason why traders avoided Ripple’s high-profile partnerships as cues to enter the XRP market.
The muted reaction extends a familiar pattern for XRP.
Several Ripple-linked institutional announcements in 2025 and 2026 failed to produce sustained upside. In February, deals involving Deutsche Bank, Aviva Investors, Zand Bank, Figment and Société Générale coincided with XRP’s drop from about $2.42 to nearly $1.35.
Similar “sell-the-news” moves followed XRPL-related updates involving Société Générale’s EURCV stablecoin, SBI’s tokenized bond and Deutsche Bank’s Ripple payment integration.
XRP Price Analysis:
From a technical standpoint, XRP is consolidating inside a falling wedge pattern after failing to reclaim resistance near the 50-day exponential moving average (50-day EMA, the red wave) and the 0.236 Fibonacci level around $1.44.
A breakdown below the wedge’s upper support cluster risks sending the price toward the lower trendline near $1.22, which aligns with the 0.786 Fib retracement level.
However, falling wedge patterns typically result in a breakout, which keeps XRP’s prospects of rising in the coming months higher. A clear breakout above the upper trendline will likely push the price high by as much as the wedge’s maximum height.
If price breaks decisively above the wedge’s upper trendline near current levels, the pattern’s measured move setup points to an upside target near the 200-day EMA at around $1.67–$1.72.
Before that, XRP may test interim resistance near the 0.0 Fibonacci retracement level around $1.54, which aligns closely with the breakout trajectory marked on the chart.
