XRP Ledger (XRPL) has been selected by US supply chain company Made In USA Inc. to support its product verification and certification process. The blockchain will create records that help prove the origin of products and confirm compliance with Made in USA certification standards.
This initiative marks a significant expansion of XRPL’s use cases beyond digital payments. Made In USA Inc. plans to store certification details on the blockchain, enabling businesses, sellers, and buyers to access product information from a single source. The decision supports the growing trend among supply chain companies to utilize blockchain for tracking goods from production to customers.
The partnership comes as the value of tokenized real-world assets (RWAs) on the XRPL has increased from $4 billion to $4.4 billion, according to crypto commentator Moon Lambo. This growth positions XRPL as the fourth-largest blockchain by the dollar value of tokenized RWAs, representing assets from outside the crypto market.
The expansion in tokenized assets suggests that the network is experiencing rising activity. The agreement with Made In USA Inc. serves as another example of how blockchain technology is being utilized in practical business applications beyond cryptocurrency transactions.
Traders are observing key support levels for XRP amid the news of the new partnership. Market analyst Chetan indicated that XRP is approaching a long-term trendline support area between $0.8144 and $0.6954. He noted that this setup resembles a previous buying opportunity in September 2024, when he purchased XRP between $0.40 and $0.60 before a significant price increase.
Chetan plans to buy again if the price returns to this support area, with a minimum price target of $3.30 and an average target of $10.27. His maximum target stands at $52, contingent on favorable market conditions. However, he cautioned that the bullish setup would be invalidated if XRP closes below the trendline that has served as support since 2020.
The developments surrounding the XRP Ledger (XRPL) and its growing business applications continue to attract trader attention as market dynamics evolve.
