XRP, Strong Support at $2.28 Level... Positive Factors Including XRPL

Heecheol Yang

Summary

XRP is analyzed to be forming strong buying momentum and a support line near the $2.28 level.
It was announced that Ripple’s regulatory achievements in Dubai and expansion of the RLUSD stablecoin ecosystem are acting as positive factors.
The introduction of Ondo Finance OUSG and the Digital Commercial Check (DCP) to the XRP Ledger (XRPL) has significantly improved institutional investor access and utility.

XRP is showing strong buying momentum and support near the $2.28 level, according to analysis.

On the 11th (local time), CoinDesk reported that XRP had been trading in a narrow range between $2.27 and $2.32 over the past 24 hours, demonstrating solid support despite global market volatility. Ripple’s regulatory achievements in Dubai and the expansion of the RLUSD stablecoin ecosystem are noted as positive drivers.

Additionally, the launch of Ondo Finance's (ONDO) short-term US Treasury product OUSG on the XRP Ledger (XRPL) has further expanded institutional investors' access to institutional-grade real world assets (RWA).

The Digital Commercial Check (DCP) has also begun full-scale operation on the XRP Ledger, greatly increasing its utility and accessibility. Managed by Guggenheim Treasury Services, DCP is a tokenized product collateralized by US Treasuries and offers customized maturities of up to 397 days.

XRP