币界网报道：Background information: ONDO Finance's partnership with Ripple has pushed ONDO's total locked value (TVL) to a new high of $1.368 billion, marking its leading position in the real-world asset space. The partnership enables the tokenization of U.S. Treasuries through the XRP Ledger and 24/7 access and redemption through the RLUSD stablecoin. Main events: ONDO's market capitalization reached $2.824 billion, with a daily trading volume of $167 million, an annualized fee of $54.24 million, and platform revenue of $11.69 million. Despite significant growth in TVL and market capitalization, limited direct returns to holders may become a challenge in the future. Technical analysis shows that ONDO price is supported near $0.867 and is expected to rebound to $0.90 or even $0.98, but if it falls below the support level, it may fall back to $0.84 or lower. The MACD indicator shows that weakness may occur in the short term. XRP price has risen slightly in the past 24 hours, maintaining around $2.30, indicating that the cooperation has limited impact on prices in the short term, but may bring positive effects in the long term. Significance and Impact: ONDO has promoted the combination of real assets and DeFi through its cooperation with Ripple, demonstrating its important position in institutional DeFi infrastructure. Future price trends will depend on its balance between institutional appeal and community incentives.