ONDO Price Prediction: ONDO Bulls Eye $2 as Weekly Resistance Gives Way

Highlights:

• ONDO price has rallied through resistance, which puts $2 in the target
• The rally follows multiple positive news, including a possible Binance listing
• Rising Bitcoin price could help support ONDO rally

Ondo (ONDO) is one of the top-performing cryptocurrencies in the last 24 hours. At the time of going to press, ONDO was trading at $1.59, up by 15.16% in the day. ONDO trading volumes were also on the rise in the day, up by 40% to hit a high of $623 million.

ONDO Price Soars as Binance Listing Rumors Build

The excitement around ONDO has a lot to do with the news that Binance could be about to list ONDO. This speculation has been triggered by news that Binance has been scooping up large amounts of ONDO. This has fueled rumors that a Binance listing could be on the horizon, potentially after the much-anticipated Ondo Summit on February 6, 2025.

🚨 JUST IN: Binance is accumulating a ton of $ONDO, and rumors suggest they will list it after the summit!

Which #RWA tokens should they consider listing? pic.twitter.com/flxaYs2B7s

— Real World Asset Watchlist (@RWAwatchlist_) January 29, 2025

Binance’s pattern of accumulating assets before listing them has been observed in the past. It is for this reason that traders are now eyeing ONDO with keen interest. If the listing happens, it could provide a major boost in liquidity and exposure, giving millions of Binance users access to ONDO and possibly driving its price higher.

Ondo Finance Expands Institutional Reach with OUSG on XRP Ledger

While the speculation around Binance’s next move continues, Ondo Finance has been making strides in institutional DeFi. On January 28, 2025, the ONDO team announced plans to launch its tokenized US Treasury fund, Ondo Short-Term US Government Treasuries (OUSG), on the XRP Ledger (XRPL). This move aims to make tokenized real-world assets (RWAs) more accessible to institutional investors. It will tokenize assets by leveraging XRPL’s robust financial infrastructure.

OUSG, backed by BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) and high-quality US Treasuries, will give institutional investors on XRPL a seamless way to manage on-chain treasury assets. The rollout is expected to happen within the next six months. Even more exciting is that it will integrate directly with Ripple’s RLUSD stablecoin. This will allow for instant minting and redemption, along with round-the-clock liquidity.

🚨Ripple and Ondo Finance’s collaboration backed by BlackRock is a massive partnership!

The leading DeFi token on XRPL, CTF, has already secured partnerships with Amazon and Walmart!!

A market cap of just $20 billion could skyrocket the price of CTF from $1.10 to $748.50 per… pic.twitter.com/er2LLNoKBr

— JackTheRippler ©️ (@RippleXrpie) January 29, 2025

A New Era for Institutional DeFi On ONDO

Bringing OUSG to the XRPL is a significant step forward for institutional finance. The XRPL’s built-in compliance tools, such as Decentralized Identifiers (DIDs) and on-chain credential management, align well with OUSG’s strict KYC/AML requirements. Plus, the ledger’s low fees and high transaction speed make it a strong candidate for institutional DeFi adoption.

We are bringing OUSG to the XRP Ledger with @Ripple.

OUSG, an institutional-grade product backed by tokenized US Treasuries and BlackRock’s BUIDL fund, represents a natural fit for a blockchain purpose-built for institutional adoption.

See how Ondo and Ripple are powering… pic.twitter.com/pLjZnvbmgc

— Ondo Finance (@OndoFinance) January 28, 2025

With Ripple and Ondo Finance securing liquidity commitments for the launch, adoption is expected to be strong. This move is another step toward closing the gap between traditional finance and blockchain-based financial solutions. It reinforces Ondo Finance’s leadership in the space.

Bitcoin Gaining Momentum: A Bullish Signal For ONDO

Besides the many positive news stories about ONDO, Bitcoin is also on the rise. That’s despite the Federal Reserve holding interest rates steady after the January 29, 2025 FOMC meeting. This means investors are confident in Bitcoin’s core fundamentals. Since Bitcoin usually uplifts the broader market with it, ONDO’s odds of sustained upside momentum are quite high.

Technical Analysis – ONDO Price Breaks Resistance as Bulls Gain Traction

From the charts, ONDO is bulls are gaining momentum. This is evident in the fact that ONDO has breached the 5-day resistance at $1.525. This signals strength, and ONDO could rally to $2 in the short term. However, if bulls lose momentum, the odds of a major correction are minimal at this point.

A more likely scenario would be a consolidation above $1.525, which is now supported. Overall, the ONDO price is likely higher and could easily breach $2 to new highs soon. The confluence of positive news, such as a possible Binance listing and partnership with XRP, makes such a scenario highly likely in the short term.