XRP Price Trails as ONDO Gains 29% on Treasury News

Table of Contents Ondo Finance, Ripple, JPMorgan, and Mastercard completed a near real-time U.S. Treasury redemption on the XRP Ledger. The transaction settled in under five seconds and drew broad market attention. However, ONDO surged 29% while XRP rose only 2.5% during the same period. XRP price moved from about $1.38 to $1.41 over the past week. This change reflected a gain of roughly 2.5%. Meanwhile, the network processed the Treasury redemption in less than five seconds. Yesterday, Ondo, Ripple, JPMorgan, and Mastercard completed the first cross-border redemption of tokenized US Treasuries on the XRP Ledger — settled in under five seconds (Santiment MCP + Claude).The market’s reaction wasn’t where most expected:📈 $ONDO: $0.27 → $0.348 over a… pic.twitter.com/hw99S8ovAy — Santiment Intelligence (@SantimentData) May 7, 2026 Ondo Finance, Ripple, JPMorgan, and Mastercard executed the transaction on Wednesday. They described it as the first near-real-time cross-border redemption of tokenized U.S. Treasuries on the XRP Ledger. The parties completed the settlement almost instantly and confirmed the result publicly. Santiment reported that XRP showed a limited reaction following the announcement. The firm stated that “the rails got the headline. The protocol got the trade.” As a result, traders focused less on XRP price and more on the asset linked to issuance. The XRP Ledger served as the settlement infrastructure for the transaction. It enabled fast execution and low-cost processing. However, XRP itself did not attract strong speculative flows after the test. ONDO climbed from about $0.27 to $0.348 within one week. This move marked a 29% increase, according to Santiment data. The token also posted an 8% candle shortly after the announcement. Market participants concentrated on ONDO because it represents the tokenized Treasury product. The protocol handles issuance, redemption, and yield exposure. Therefore, traders directed capital toward the asset tied directly to economic activity. Santiment highlighted the divergence between the two assets in a public post. The firm wrote that ONDO captured momentum while XRP remained steady. Data showed stronger volume expansion around ONDO during the period. A similar pattern appeared in the Telegram and TON ecosystem. Telegram expanded crypto access, yet Toncoin absorbed much of the market value. Recently, Pavel Durov announced that Telegram replaced the TON Foundation as the largest validator. Toncoin has since doubled and gained 90% in seven days to $2.48. This development followed Durov’s announcement. The event reflected strong buying activity tied to ecosystem exposure. The Treasury redemption confirmed institutional use of blockchain rails. Participants settled tokenized U.S. Treasuries across borders in near real time. Current data shows $31.12 billion in real-world assets tokenized on blockchains. Discover top-performing stocks in AI, Crypto, and Technology with expert analysis.