XRP is trading near $1.50, down roughly 49% from a year ago, even as the XRP Ledger continues to reach milestones that look increasingly disconnected from the token’s price. Ripple says XRPL
XRP is trading near $1.50, down roughly 49% from a year ago, even as the XRP Ledger continues to reach milestones that look increasingly disconnected from the token’s price.
Ripple says XRPL has moved more than $1 trillion in value between counterparties and processed billions of transactions over its lifetime. At the same time, regulated institutions are experimenting with tokenized assets on the network, stablecoin liquidity has expanded, and new credit products are being developed.
<iframe src=”https://widgets.coincodex.com/w/130f81cc-c0cd-42f0-b787-85c85f3893c5?site=coinpaper&mode=light” width=”100%” height=”420” frameborder=”0” referrerpolicy=”no-referrer-when-downgrade” style=”border:0;background:transparent;border-radius:0px;”></iframe>$1 Trillion Has Already Moved Through XRPLThe $1 trillion figure is cumulative rather than capital currently locked on XRPL, but it highlights how much value the network has already processed.
More recent developments show XRPL expanding beyond payments.
Brazilian financial-market infrastructure provider CSD BR recently began using XRPL to mirror ownership records for financial assets, starting with BTG Pactual investment fund shares. CSD BR says more than BRL 22 trillion in assets are registered through its existing infrastructure, although those systems remain the official source of record.
Stablecoins are another growing segment. XRPL’s stablecoin supply recently approached $1.3 billion, with Ripple USD accounting for the overwhelming majority.
Clearpool is also preparing institutional credit products for XRPL. The lending protocol says it has originated more than $965 million in loans across its existing markets and plans to introduce RLUSD-based products on the network.
Why Has XRP Failed to Follow?The important distinction is that XRPL adoption does not automatically create proportional XRP demand.
Tokenized funds can operate on XRPL without investors buying large amounts of XRP. RLUSD can settle dollar-denominated transactions, while XRP itself is primarily needed for network fees and can serve liquidity functions.
That helps explain why XRPL activity can improve while the native token remains weak.
The disconnect does not necessarily make adoption irrelevant. It simply means more activity must eventually translate into deeper liquidity, higher transaction demand or stronger investor expectations before it materially changes XRP’s valuation.
