Ondo Finance price jumped 10.82% over the past 24 hours, opening around $0.352, dipping to $0.347, then climbing to $0.393 before closing at $0.390. This made it the top gainer among the 100 largest tokens by market cap on Friday morning.
The main reason for the surge was a major event. On May 6, Mastercard, Ondo Finance, JPMorgan’s Kinexys, and Ripple completed the first cross-border redemption of tokenized U.S. Treasuries on the XRP Ledger, settling in less than five seconds. Ondo crypto had been trading under $0.30 for 87 days before this catalyst.
Mastercard and JPMorgan Settle First Tokenized Treasury on XRP Ledger
The May 6 transaction ran outside traditional banking hours, as Ondo processed the redemption of OUSG, its tokenized U.S. Treasury fund for accredited investors, on the XRP Ledger, Mastercard’s Multi-Token Network routed instructions to JPMorgan’s Kinexys, and JPMorgan delivered dollars to Ripple’s Singapore bank account, end-to-end in under five seconds.
Cross-border settlements of this type typically take one to three business days through correspondent banks. The pilot lands as JPMorgan’s Kinexys surpasses $3 trillion in cumulative transactions, the DTCC prepares to launch its own tokenization service later this year, and tokenized deposit volumes across major banks push into the billions.
Over the week of accumulation surrounding that announcement, Ondo coin moved from $0.27 to $0.348, a 29% gain, with a sharp +8% candle hitting on the confirmation itself. Ripple’s XRP gained just 2.5% over the same window, moving from $1.38 to $1.41. Santiment Intelligence framed the divergence without ambiguity: the rails got the headline, while the protocol got the trade.
ONDO Price Prediction Points to $0.60 After Supertrend Flips Bullish
The compression, 87 sessions grinding under $0.30 while the macro downtrend from October’s $1.10 high rejected every rally attempt, is what gives today’s candle structural weight beyond its daily percentage.
Market analyst Richard Seiler mapped four distinct tests of the $0.24 floor across the 90-day base before the ONDO price broke range resistance, noting that “RWA is cooking” as the sector narrative pulling capital in.
The Supertrend printed a green $0.29412, its first bullish reading since the downtrend began. RSI closed at 88.44, well above the 64.86 signal line. That spread flags near-term consolidation risk on shorter timeframes; on first-wave breakouts from extended bases, overbought RSI readings tend to hold through a digestion period before the signal line catches up, a reversal here would be the exception.
Ondo price prediction from the current setup targets $0.60 as the 0.618 Fibonacci extension, with $1.00+ as the full macro recovery level.
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