XRP has surged above $2.86, driven by HSBC's launch of tokenized cross-border deposits in collaboration with Ant International. This development follows HSBC's successful completion of its first U.S. dollar tokenized transfer between Hong Kong and Singapore, expanding a service initially introduced domestically earlier this year. HSBC's Tokenised Deposit Service (TDS) leverages a private blockchain ledger to facilitate instant, 24/7 settlement, significantly reducing counterparty risk. Analysts suggest that if XRP surpasses the $3.01–$3.03 range, it could see further gains, highlighting its resilience after a period of consolidation.