The commentator argues that this role would give XRP a “synthetic connection” to tokenized assets like gold and oil, even though XRP itself would not carry any gold reserves.
XRP would then step in to provide liquidity and settle trades on the ledger’s built-in exchange. Aljarrah sees this setup as a way for the altcoin to stay useful in global finance.
So far, no other gold token projects, including PAX Gold (PAXG), have moved onto XRP’s network. Supporters hope that more issuers will follow once Meld proves the concept.
Reports note that issuing gold tokens is more than writing code. Each issuer must tie its token to audits, legal contracts and insured vaults. On top of that, XRP’s fixed supply and decentralized consensus system make direct asset backing tricky.
Matt Hamilton, a former Ripple developer, has said the crypto asset can’t be backed by gold in a traditional way. Analysts add that its price moves with adoption, legal clarity and market mood, not by hype.
Meanwhile, Aljarrah says big names like JPMorgan, BlackRock, the Bank for International Settlements and the IMF have made private plans to use XRP as a bridge. Yet no public evidence supports that claim.
According to analysis, a bridge role alone won’t peg XRP’s price to the spot gold rate of $2,950 that some in the community mention. Instead, if gold-pegged tokens take off, the altcoin could see more trading volume and tighter spreads.
That might nudge its price upward, but it would still trade on its own merits as a liquidity tool for cross-border payments.
Featured image from Pexels, chart from TradingView
