The real-world asset market had a tough November. Capital flows narrowed, some investors went into a wait-and-see mode ahead of the Fed’s December decisions, and volatility in major tokens began to weigh on demand.
But there are early signs of a reversal within the sector. Some charts look noticeably stronger than others and are forming cleaner setups. In December, attention is gradually shifting to three tokens that could lead the category.
Stellar (XLM): a reversal setup is forming, but a key level lies ahead
November was difficult for Stellar. The token lost almost 19%, reacting to the overall cooling of interest in RWA. But the last week brought a sharp contrast: XLM started to rebound after payment infrastructure tests in the US and increased activity around the stable token AUDD.
A classic hidden bear overload has formed on the chart. The price updated its local low, while the RSI indicator showed a higher low. Such a ‘divergent’ pattern usually signals that seller pressure is running out, even if it’s not yet visible in the candles.
The first signs of recovery are already visible, but the market will not give confirmation without a daily close above $0.264. This is the key resistance that Stellar has been fighting for almost three weeks.
If the level is broken, the $0.275 zone will be the first stop. If market sentiment improves, the next target is $0.324. Below, the range is clear: losing $0.239 will be a direct signal that the reversal is postponed and recovery will shift closer to January.
Quant (QNT): the strongest RWA token, already ahead
Quant remains the main exception in the sector. While most RWA tokens are treading water or trying to recover from a drawdown, QNT is showing a confident uptrend. In November, growth exceeded 32%, almost 37% over the week, and another 12% was added in a day.
This interest is linked to Quant’s role in bridging traditional finance and blockchains. The Overledger technology makes QNT one of the key assets in building infrastructure for data transfer and settlements between public and private networks. When institutional demand grows, QNT usually reacts faster than others.
A potential ‘golden cross’ is forming on the chart: the short-term moving average is about to cross the long-term one upwards. If the signal is confirmed, buyers will get an extra boost.
The key barrier is $119. Above it lies a Fibonacci extension, which could open the way to $142. The support zone is obvious: $100 is the first line, $91 is the second. Losing $82 will cancel the entire bullish scenario.
But for now, the structure is bullish and stable, and Quant remains the strongest RWA player entering December by inertia.
Ondo (ONDO): early accumulation stage, but risks remain
Ondo is the most ambiguous token of the three. Over the week, it gained 9%, but over the month it still looks weaker than the others: minus 25% over 30 days.
Interest in the project was fueled by discussions of a plan to expand tokenized funds and stocks to Europe. If this direction is confirmed, this story will become an important part of the entire RWA narrative.
This mix of uncertainty and potential is clearly visible on the chart. The price is moving in the $0.50–$0.54 range, but more importantly, the OBV indicator broke through a descending line that held for almost a month. This is a direct hint that large players have started to restore positions.
For the move to develop, ONDO needs to close above $0.54. Then the path opens to $0.60 and further to $0.70 if market sentiment improves. But if OBV drops below the broken line again, the scenario becomes false. Then losing $0.50 could send ONDO to the $0.44 zone, increasing pressure again.
Right now, Ondo is one of the most balanced setups. If accumulation is confirmed, the token could become an unexpected favorite in December. If not, the range will turn downward.
What’s next for the RWA sector?
The beginning of December is critical: the Fed’s rate decision, the end of QT, and liquidity growth will determine the movement across the entire market. RWA tokens remain one of the few categories where demand is formed from both worlds — traditional finance and blockchain.
- Stellar is trying to reverse.
- Quant is already trending.
- Ondo is accumulating volumes in a sideways range.
December could be the month when these three tokens set the direction for the entire sector.
Read more: The Fed ends quantitative tightening: the market bets on a liquidity reversal
