ONDO Token Surges After JPMorgan's XRP Ledger Test, XRP Stagnates

News Flash 2026-05-08 14:31

ONDO token prices surged following a successful test of the XRP Ledger by JPMorgan, Mastercard, Ripple, and Ondo Finance, which executed a cross-border U.S. Treasury token redemption in under five seconds. ONDO, directly tied to the tokenized treasury, saw its price rise from approximately $0.27 to nearly $0.36. In contrast, XRP, despite supporting the trading infrastructure, experienced minimal price movement, fluctuating from $1.38 to $1.41 before declining. This market behavior underscores a trend where tokens linked to real-world asset products capture more short-term value than those tied to underlying infrastructure. While XRP facilitates transactions, ONDO represents the actual financial product, drawing more market attention. The muted response to XRP, even with major players like JPMorgan and Mastercard involved, suggests that the market may have already priced in expectations or does not view XRP as the primary beneficiary of the test.

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