A crypto analyst has examined how the tokenization of gold on the XRP Ledger (XRP) could impact the price of XRP.
According to him, gold on the XRPL would increase demand for XRP, which would subsequently lead to a significant price surge.
XRP has shown resilience as it successfully holds above a crucial support level at $2.0 to stage a 2.2% rebound on the 24-hour price chart, sending the price to $2.1 at press time. According to our market data, the asset is attempting to overturn the downward pressure that has dragged its market cap down to $128 billion at press time.
Commenting on the general behaviour of the price and the ongoing development in the ecosystem, a crypto pundit identified as “All Things XRP” has predicted that the asset could embark on a massive surge. As reviewed by CNF, this analyst believes that the rising activities of tokenized Real World Assets (RWA) like gold could be the game changer.
Shedding more light on this, “All Things XRP” explained t
