XRP could benefit from a DeFi-driven rally in Q4, driven by Evernorth’s upcoming XRPN listing on Nasdaq and growing tokenization activity on XRPL. Doppler XRP Vault holdings peaked at 90 million tokens worth over $127 million, but liquidity on XRPL has decreased, with TVL falling approximately $5 million from late September’s peak and stablecoins contracting 6.3% to $1.23 billion. Evernorth, which holds 473 million XRP, plans a Nasdaq listing that could attract investors through a yield strategy on XRPN shares. Net inflows of tokenized commodities reached $2.2 billion on XRPL compared to $1.6 billion on Ethereum, while monthly real-world asset transfers peaked at $7.03 billion, a 224-fold increase.
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