XRP at $1.58: Analyst Sees $5 Target as ECB's Pontes Taps XRP Ledger via Axiology
- —XRP trades at $1.58557, down 13.38% on the latest three-week candle
- —First resistance sits at $2.40, followed by $3.40 and $5; Phase 4 targets are $15 and $21.50
- —The ECB launched Pontes on September 21, with Axiology among four selected DLT operators
- —ECB documentation describes Axiology tests using XRP Payment transactions for tokenised asset transfers
Why it matters: The XRP Ledger's institutional link to the ECB's settlement system supports the asset's infrastructure story, though Pontes settles in central bank money, not XRP.
Source: CoinCodex