XRP drops 4.8% despite Ripple-JPMorgan-Mastercard blockchain pilot success

XRP fell about 4.8% after a successful pilot involving Ripple, JPMorgan, Mastercard, and Ondo Finance completed a near-real-time redemption of tokenized US Treasurys on the XRP Ledger. The blockchain settlement finalized in under five seconds, marking a significant institutional milestone. However, the price rally was short-lived, continuing a trend where Ripple partnership news fails to sustain XRP token demand. Technical analysis suggests potential further declines unless stronger buying interest emerges.