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XRP drops 25% below $1.42 despite Ripple's tokenized Treasury deal with JPMorgan

Market News
07 May 2026
Coindesk
Bearish
pluang ai news

XRP's price fell sharply below $1.42 after failing to maintain gains above $1.45, even as Ripple, JPMorgan, Mastercard, and Ondo Finance completed a near-instant cross-border settlement of tokenized U.S. Treasuries on the XRP Ledger. This transaction highlights growing institutional interest in tokenized finance, but XRP's price now tests support at $1.40-$1.41, with resistance at $1.45-$1.47. Thin liquidity raises the risk of volatile price moves once this range breaks, making these levels critical for traders to watch.

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