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XRP surges with $49.66B on-chain volume as BlackRock boosts tokenization, eyeing $2 target.

Market News
19 Oct 2026
UToday
View Source
Bullish
XRP surges with $49.66B on-chain volume as BlackRock boosts tokenization, eyeing $2 target.

XRP's on-chain transfer volume spiked to $49.66 billion, driving its price to $1.3068 amid strong buy orders and market interest. This surge is supported by Ripple Prime's integration into the DTCC tokenization project, which manages $114 trillion in custodial assets. Institutional players like BlackRock and JPMorgan are expanding tokenization on public blockchains, fueling demand for utility tokens like XRP and BNB. The market faces pressure from rising US inflation and a sell-off in AI stocks, but Bitcoin holds steady above $82,300. Upcoming events include major tech earnings and economic data releases that could influence market direction.

XRP trades at Rp23.465 on Pluang, up 1.99% as of Oct 19, 2026 20:41 WIB, with a market cap of Rp1.491,88 trillion and 24-hour volume reaching Rp32,28 trillion. This price movement coincides with the article's note of XRP's surge driven by institutional interest and tokenization projects. Meanwhile, Bitcoin holds steady at Rp1.481.213.881, gaining 1.38% on the day, reflecting ongoing demand for major cryptocurrencies despite broader market pressures.

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