The difficult winter continues for cryptocurrencies, but these periods are the best times for development, growth and building new things. Ripple is taking important RWA steps to reveal its difference in order to widen the distance between it and millions of altcoins. XRP Ledger is now a topic we need to talk about more due to the remaining lawsuits and legal processes.
Ripple News
Cooperating with Aviva Investors Ripple signed an agreement with a European investment management company for the first time. They will work together to tokenize (RWA) traditional funds on the XRP Ledger. Designed years ago for financial transactions XRPL For the first time in years, the RWA network had the opportunity to shine while enthusiasm for RWA was so strong.
NFT, metaverse and unlike other hype, the issue of tokenization is seen as an area that will continue to develop for decades to come. Just today, BlackRock, the world’s largest asset manager, signed up with Uniswap to expand the reach of its RWA token, BUILD.
Aviva Investors is the global asset management arm of Aviva plc, one of the UK’s largest insurers, and if they get the desired result in this partnership, it could leverage XRP Ledger’s global expansion.
Nigel Khakoo, Ripple’s Vice President of Trading and Markets, said;
“Tokenization is now moving from the experimental phase to large-scale production. We believe that the development of tokenized fund structures can bring major technological efficiencies to the investment sector and expect this to come into full force within the next decade.”
XRP Coin
As BTC continues its ups and downs of XRP Coin It was not expected to benefit from the latest development anyway. XRP, which found buyers at $ 1.36, lost the support level of $ 1.4. Although BTC rose rapidly after reaching the cycle bottom, XRP Coin, like other altcoins, started to make lower bottoms while BTC remained at almost the same levels. If the sales continue, we may see new lows below $1 after $1.21.
Even though it said goodbye to these levels with the news of Gensler’s resignation XRP Coin He made big gains reminiscent of the 2021 bull. Therefore, profit taking by investors is normal and it is difficult to expect a retracement of the $1.6 support zone without seeing a recovery in overall market sentiment. We need to see $1.46 earned at least in the short term.
