XRP Traders Eye Key Support Zone Amid Tokenization Momentum

XRP is currently sitting at a critical support zone near $1.06 on its daily chart, where a symmetrical triangle pattern is tightening.

The token's real-world asset (RWA) activity on the XRP Ledger has been quietly growing, despite falling leverage in the futures market.

This mix of rising ledger use and diminishing risk appetite makes for an interesting dynamic to watch closely.

Ripple's push to tokenize assets is gaining traction, with a 25.16% increase in RWA holders over the past month, and a total value growth of 2% to $4.06 billion.