XRP News: Ripple CEO Garlinghouse Pushes for Tokenization While XRP Price Falls from $1.65

XRP lawyer John Deaton recently praised Ripple CEO Brad Garlinghouse for his strong support of real-world asset tokenization. He joins voices with other crypto leaders advocating this transformative financial trend. Deaton quoted, “Brian Armstrong, Brad Garlinghouse, and Larry Fink are just a few of the biggest names in Crypto Finance to talk about how all RWA will eventually be tokenized.” Meanwhile, Garlinghouse emphasized that “Real-world asset tokenization is reshaping finance, making traditional assets more accessible and efficient.” With growing institutional adoption, XRP news continues to reflect the asset’s relevance within the broader crypto market shift toward tokenized economies.

Ripple CEO & XRP Lawyer Boost RWA Tokenization

Amid growing momentum for tokenized finance, Ripple CEO Brad Garlinghouse and XRP lawyer John Deaton have become vocal supporters of real-world asset tokenization. Deaton acknowledged that top industry figures like “Brian Armstrong, Brad Garlinghouse, and Larry Fink” believe RWAs will inevitably be tokenized, underlining a shared vision for the future of finance.

Garlinghouse recently said, “Real-world asset tokenization is reshaping finance, making traditional assets more accessible and efficient.” Ripple reinforced this by highlighting how XRPL is already playing a central role in institutional adoption. This supports assets like treasuries, commodities, and stablecoins through platforms like RWA.xyz.

In addition to praising Garlinghouse, Deaton expressed why he backs Bitcoin and crypto. He cites their ability to eliminate intermediaries and democratize access to wealth. “Crypto helps eliminate intermediaries like banks and other financial institutions,” he stated, adding that this shift could help Americans “achieve the American Dream.”

This alignment of vision between legal and corporate voices highlights a growing consensus in the crypto market on the future of asset tokenization. As XRP continues to power innovations on XRPL, this XRP news positions the coin at the heart of broader crypto market transformations.

XRP Price Breakdown: April 7

The trading day on April 6th began with XRP carrying overbought pressure from the prior day, pushing the price up to a high near $2.1594. However, resistance at that level halted the rally. A death cross appeared on the MACD line at 1:30 UTC, signaling the start of a bearish reversal. This was followed by several oversold signals on the RSI, indicating persistent selling pressure throughout the day. At 4:00 UTC, the price briefly stabilized at $2.0457 but failed to hold that support. This breakdown confirmed the bearish momentum and dragged the XRP price into a lower range.

Chart 1, analyzed by ShwetaCW, published on TradingView, April 7, 2025

The downtrend persisted into April 7th. A second death cross on the MACD at 2:20 UTC accelerated the decline. By 4:45 UTC, XRP found temporary support at $1.7791. Further oversold conditions pushed the price even lower, and by 6:50 UTC, it tested a new support level at $1.6133. But a golden cross at 7:10 UTC hinted at a potential bullish reversal. As bullish momentum grew it bounced back into its previous range, with support at $1.7791 and resistance at $2.0457. According to the XRP price prediction, if this momentum continues, it could break $2.0457 and test higher levels around $2.22-$2.25.

XRP Price Outlook Amid Industry Momentum

As the push for real-world asset (RWA) tokenization gains steam, Ripple CEO Brad Garlinghouse and XRP lawyer John Deaton are shaping the narrative around crypto’s evolving role. Their optimistic stance reflects growing confidence in blockchain’s ability to modernize finance. In the current crypto market, such developments support bullish sentiment around Ripple’s ecosystem. According to the latest XRP price analysis, if the bullish momentum continues, it could retest the resistance at $0.64. However, if bearish pressure returns, the price might slip to the support level at $0.58. Stay tuned for more XRP news.

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