XRP Surges on Tokenization Growth, $35 Price Target Emerges

The growth of tokenized real-world assets on the XRP Ledger has caught the attention of investors and analysts. In a recent video, Matt from the MoonLambo YouTube channel points to the rapid spike in tokenized assets on XRPL as evidence of its adoption by traditional financial institutions.

The host notes that at the beginning of 2023, the XRP Ledger held roughly $24 million in tokenized RWAs. By mid-2024, that figure exceeded $2 billion, and has since climbed to about $4.4 billion. This puts XRPL fourth globally by tokenized asset value, behind Ethereum at around $16.1 billion.

According to Citi's forecast, tokenized securities on blockchains could reach $5.5 trillion by 2030. The host suggests that this figure may be conservative, and references comments from BlackRock CEO Larry Fink who has publicly endorsed the idea that essentially everything that can be tokenized likely will be.

While Matt from MoonLambo stops short of making a firm price prediction, he does float a scenario in which XRP could reach $35 if Citi's tokenization projection plays out and the XRP Ledger maintains or grows its share of the tokenized-assets market. He emphasizes that this is 'reasonable speculation' and not a formal forecast.