Ondo Finance has officially brought its tokenized short-term US Treasuries fund to the XRP Ledger, enabling round-the-clock minting and redemptions via Ripple’s RLUSD stablecoin. Consequently, Bill Morgan, a lawyer and Ripple supporter, has reacted to the good XRP news.
Notably, legal expert and XRP supporter Bill Morgan reacted to the latest developments surrounding XRP Ledger. This follows Ripple’s announcement that tokenized treasuries have gone live on XRPL.
In a recent post, Morgan commented, “Just stop it with the announcements,” referring to the consistent stream of positive XRP news.
He added that the “endless good news is just flattening XRP price,” suggesting with irony that despite the bullish developments, XRP price has remained relatively subdued.
In other recent XRP news, Bill Morgan described the Guggenheim Treasury Services initiative as a major step forward for the XRP Ledger.
He detailed that Guggenheim Treasury Services, a Guggenheim Capital subsidiary that manages more than $345 billion in assets, provides institutional-quality treasury services.
According to Morgan, the move to tokenize digital commercial paper, a short-term asset backed by U.S. Treasuries, on XRPL aims to improve on Guggenheim’s previous Ethereum-based pilot. This will be done by leveraging XRPL’s lower fees and faster settlement.
OUSG Tokenized Treasuries Now Live on XRP Ledger
Additionally, Ondo Finance confirmed the launch of its Ondo Short-Term U.S. Government Treasuries fund (OUSG) on the XRP Ledger (XRPL).
Consequently, this enables institutions to gain access to tokenized Treasury products directly on blockchain infrastructure.
The product enables on-demand issuance and redemption with RLUSD, Ripple’s many enterprise-grade stablecoins.
Notably, Ripple revealed the collaboration on its official X account, saying that tokenized U.S. Treasuries are now available on XRPL. The integration is based on top of the existing ledger architecture, which provides high finality speed and only low transaction costs.
OUSG Records Over $670 Million in TVL
OUSG, which had the support of traditional U.S. Treasuries, had remained highly institutionally adopted. With more than $670 million in total value locked (TVL) at the moment, the fund ranks among the most tokenized treasury offerings available on the market. The fund competes with other similar products of the financial giants like BlackRock and Franklin Templeton.
Through this launch, Qualified Purchasers are now able to connect directly with OUSG on XRPL, settling in RLUSD. Such integration will enable constant access to funds and will remove delays characterizing legacy financial systems. Ripple and Ondo have provided liquidity to facilitate seamless settlement and effective transfer of capital.
XRP Price Holds Above Support
Amid the XRP news surrounding tokenized US Treasuries on the XRP Ledger, analyst Steph Is Crypto pointed to the $2.36 level as a pivotal resistance.
He observed that XRP has in the past surged higher by overcoming resistance at $0.55 in late 2024. Hence, a bullish closure above the $2.36 resistance would bring the prospects of new all-time highs.
According to Steph, reclaiming the $2.36 zone would confirm bullish continuation, potentially setting XRP on a path toward $5.
His chart indicated that the price action is consolidating around the 200-day moving average, and the momentum is slowly gaining. A crucial reversal level that traders are eying is the $2.36 level.
Adding to the bullish XRP price sentiment, the recent analysis suggested a possible rise above $7.5, with some even suggesting a target of $17 or even $25 this cycle.
The analysis based on historical tendencies and Fibonacci models estimated that XRP market cap may reach up to $1.5 trillion.
Following the XRP news, ONDO price rose 2% to $0.89 with a trading volume of $141 million. Ondo traded between $0.8693 and $0.909, showing steady demand and renewed intraday buying pressure.
Similarly, XRP price rose over 2% to trade at $2.25, showing modest stability after fluctuating within a broader market consolidation phase.
The top altcoin recently recovered from local support levels around $2.21 and is testing minor resistance near $2.3.
Source: https://www.thecoinrepublic.com/2025/06/11/xrp-news-lawyer-highlights-major-good-news-for-ripple-xrpl/