XRP Price Prediction As SBI Introduces Tokenized Bonds With Crypto Rewards

XRP price climbed 2.09% to $1.44 over the past 24 hours on Saturday’s trading session.

The token stayed above $1.40 after SBI launched tokenized bonds that provide crypto-based investor incentives. However, XRP price is still trading beneath a solid downward trendline that has constrained profits during the past weeks.

The broader cryptocurrency industry gained 0.84%, which brought the total capitalization to approximately $2.34 trillion. Bitcoin price fluctuated within the range of $68,000, and Ethereum was hovering around at $1,970 after a slight increase.

SBI Introduces Tokenized Bonds With Crypto Rewards

Ripple partner SBI Holdings has introduced tokenized bonds that offer investors rewards in XRP cryptocurrency payments.

The Japanese financial group intends to raise approximately 64.5 million dollars under the issuance. These Series ST Bonds will be issued, settled, and managed entirely using blockchain infrastructure.

The product targets retail investors who want to gain exposure to digital assets.

SBI affirmed that the bonds will avoid the traditional systems of securities settlement in Japan.

Rather, blockchain technology will ensure that all the transactions and records are done on-chain.

The XRP rewards will be given to investors upon subscription. Further XRP issues will be made on predetermined dates when interest payments are made.

The announcement was made after SBI clarified its association with Ripple Labs. The company has earlier declared that it has equity investments in Ripple as opposed to XRP coins.

Nevertheless, the provision of XRP rewards implies access to the digital asset in terms of its functioning.

Market experts are optimistic that the effort may help in the expansion of the use of XRP in Asia. This launch is also an indication of further growth of blockchain-based financial products in Japan.

XRP ETFs Continue Growth Streak With $45 Million Inflows

XRP ETFs continued to gather momentum as investor demand remained firm across major exchanges. Seven spot funds tracking the token pulled in fresh capital during recent trading sessions.

Accumulated inflows were at a high of 45 million, and this was a strong signal of continued interest in XRP exposure.

Sosovalue data also showed broader crypto investment vehicles made gains on Feb. 20.

The spot ETFs that tracked Bitcoin had a total net inflow of up to $88.04 million on that day. Etherium spot ETFs recorded small trading with net inflows of $17, 200.

XRP Price Prediction: Key Levels To Watch

As of the reporting, the XRP price surged to $1.43 with a 3% surge over the past 24-hours

The Chaikin Money Flow held above the neutral line for several days. 

This implied a better inflow of capital and an increase in buyer confidence. The RSI also stabilized at the mid-range, which reflected a balanced momentum. Both indicators were pointing to possible strength prior to the rally.

The initial upside target is at around $1.50 following the recent soaring. A second target is based at around $1.60 in case momentum continues above the support.

Traders are also critical in terms of levels of support. Key support sits near $1.40, which aligns with past consolidation. The area of deeper support is at around $1.35, which could stabilize decreases.