XRP Price Eyes Big Move as Tokenized US Treasuries on XRPL Hit $418M

Key Insights:

• XRP price is consolidating in a tight range despite the recent feat.
• The value of tokenized US Treasuries on XRP Ledger has soared above $418 million lately.
• Analysts remain optimistic about XRP crypto’s future, with targets as high as $13.

XRP price is attracting fresh attention as blockchain data reveals a surge in tokenized US Treasuries on the XRP Ledger. Analysts believe XRP is poised for a big move amid growing adoption.

Tokenized US Treasuries Value Surges on XRP Ledger

Data from Evernorth shows that the current value of tokenized US treasuries on XRPL has grown rapidly to about $418.5 million as of April 21, 2026. This is up from approximately $50 million a year ago, showing an 8x increase in one year.

Evernorth stated that both supply and use are increasing at a rapid rate. Thus, transfer volumes in 2026 are already well in excess of the full-year 2025 figure in the first few months of the year.

Volume for the year-to-date timeframe reached $352.3 million, well exceeding the $70.1 million for all of 2015. The growth is indicative of growing liquidity and trading volume for tokenized real-world assets (RWAs) on XRPL. The surge coincides with growing optimism around the XRP price despite the recent consolidation.

This sentiment is echoed by XRPL validator ‘Vet’, who said growth across the ecosystem was evident. “In general, a big increase in RWA issuance on the XRP Ledger across the board,” the validator said. He also noted that ongoing partnerships are continuing to cement XRPL as an asset distribution platform for issuers.

A table of XRPL RWA platforms also highlights the overall trend. Leading the pack are platforms like JustToken, valued at around $1.8 billion, and RLUSD, valued at $396.7 million.

Meanwhile, VERT Capital is at $382.2 million, and Ondo is at $323.2 million. Further, a range of other platforms, such as Ctrl Alt and MB Mercantile, each provide more than $100 million.

XRP Price Analysis Amid Consolidation

As fundamentals improve, technical traders are eyeing a major price action. Ali Martinez highlighted a triangle pattern forming, signaling a possible increase in volatility.

“XRP is ready for a big price move. Indeed, XRP has been consolidating in a triangle. As it approaches the apex, the probability of a large price move increases,” Martinez said in a video on X.

His analysis suggests that XRP crypto is currently in a narrowing range bound by ascending support and horizontal resistance. The bottom trendline has gradually increased from approximately $0.11 in previous years to $0.90, creating a long-term ascending floor. In the near term, the recent price action is hitting resistance at $1.43.

Further, Martinez highlighted levels to keep an eye on. “Breaking below the $1.41 support could result in a drop to $1.39 or even $1.37. But if XRP can move past the $1.43 resistance, then expect a bullish breakout toward $1.47,” he said.

In addition, Martinez also noted the potential for a multi-year triangle pattern to emerge for XRP. Earlier, he proposed $0.90 as a possible bear market bottom. He hinted that a breakout of the larger pattern would provide an opportunity for an XRP price surge. He offered bullish targets as high as $13.