The real-world asset (RWA) market is becoming increasingly difficult to ignore. Excluding stablecoins, tokenized real-world assets have grown 18.1 times in three years to $44.6 million, with institutional demand for yield-bearing products driving much of that expansion.
Three tokens closely linked to the RWA infrastructure—$LINK, $XLM and $ONDO—are now approaching technically important price levels that could shape their next major moves.
RWA Market Growth Is Driving New Demand
Tokenized U.S. Treasury bills lead the market at $15.1 billion, followed by active yield strategies at $8.9 billion and private credit funds at $6.4 billion. However, the growth of tokenized assets is not simply a competition between blockchains offering the same function.
Ethereum remains the dominant Layer 1 settlement network, accounting for roughly one-third of the tokenized asset market. Stellar and Avalanche have also become important issuance rails for institutional funds.
The specialized protocols supporting this market are particularly important. Ondo Finance focuses on issuing and distributing yield-bearing traditional assets, including U.S. Treasuries, on-chain. Chainlink provides middleware through its oracle infrastructure and CCIP, including Proof of Reserves and connections between off-chain financial data and on-chain assets. Stellar offers a fast, cost-effective settlement environment and hosts financial products such as Franklin Templeton’s tokenized money market fund.
$LINK Price Faces a Major Weekly Test
$LINK has already bounced from an important demand area during August and is now approaching the 200-day exponential moving average (200-EMA) on the weekly chart near $13.83. This is the key resistance level bulls must overcome.
A weekly breakout above that resistance could strengthen the case for a longer-term recovery and open the way toward higher price levels. Failure to break through, however, could send $LINK back toward lower support zones. The setup is promising, but the chart still needs confirmation rather than another speculative rally.
$XLM Holds Support but Shows a Warning Signal
$XLM is also showing a constructive setup after rising from a major ascending trendline that has previously triggered significant price moves. The token tested the 200-day EMA in August but has so far been rejected.
If $XLM eventually flips that resistance on the weekly chart, $0.30 and $0.50 will become important levels to monitor. There is also a warning signal: a weekly death cross has formed between the 50-EMA and 200-EMA. If selling returns, a loss of the ascending trendline could expose $XLM to lower support levels.
$ONDO Needs to Hold Its Long-Term Trend
$ONDO may have the most fragile technical setup of the three tokens. Since early February, its weekly chart has maintained an ascending trendline following a major H2 2025 crash.
That trendline is now critical. A breakdown could deepen the correction and potentially create a continuation pattern, with new all-time lows forming ahead. Conversely, $ONDO has not reclaimed its weekly 50-EMA since September 2025. If it finally does, $0.60 and $0.85 could become relevant recovery targets.
The RWA market is expanding rapidly, but that growth does not automatically guarantee that token prices will follow. $LINK, $XLM and $ONDO are exposed to an expanding tokenization ecosystem; their charts now need to show that institutional growth can translate into sustained demand.
Source: cryptonews.net
