XRP had a rather difficult start to 2026 from a price standpoint, but the underlying XRP Ledger showed notable signs of growth, according to the latest State of XRP report by Messari.<\/p>\n
The analytics firm outlines a sharp contrast between the weaker market performance and strong network fundamentals, with stablecoin adoption, real-world asset<\/a> tokenization, and transaction activity all increasing during the quarter.<\/p>\n During the first quarter of the year, XRP was, for the most part, the fourth-largest non-stablecoin cryptocurrency by means of total market capitalization, trailing only Bitcoin, Ethereum, and Binance Coin.<\/p>\n However, the token wasn\u2019t immune to the broader market downturn. Its market cap declined by 26% quarter-over-quarter to about $82 billion, while its price dropped<\/a> by 27% to $1.34 at the time of this writing.<\/p>\n <\/a>Source: TradingView<\/p>\n Per Messari\u2019s report<\/a>, trading activity also slowed down during the cited period. Average daily spot volume declined by 32%, while perpetual futures volume declined by 28.6%. That said, institutional exposure continued to build, as\u00a0CryptoPotato\u00a0<\/em>covered<\/a> recently. The quarter ended with ETFs holding about 775.4 million XRP, which is roughly 1.26% of the asset\u2019s currently circulating supply.<\/p>\n While XRP\u2019s price struggled, XRPL activity moved in the opposite direction, supporting the case for strong fundamental support. Messari indicated that average daily transactions increased by 35% quarter-over-quarter, increasing from 1.83 million to 2.48 million.<\/p>\n The network also saw growing adoption across stablecoins and tokenized assets.<\/p>\n Ripple\u2019s RLUSD stablecoin expanded to a market cap of $340.3 million on the XRPL by the end of the quarter, up 45% from the previous quarter. Meanwhile, XRPL\u2019s real-world market cap soared by 124% QoQ to an all-time high of $2.25 billion.<\/p>\n Messari also reported that new infrastructure is being built in institutional-oriented decentralized finance. During the quarter, permissioned domains, permissioned DEX, and token escrow went live. Meanwhile, native lending protocols and asset vaults are still in voting.<\/p>\n All in all, these developments can be taken to suggest that XRPL\u2019s institutional finance narratives continued to strengthen, despite the weakening price performance of XRP.<\/p>\n The post XRP Ledger Activity Soars in Q1 Despite XRP Price Slump: Messari<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" XRP had a rather difficult start to 2026 from a price standpoint, but the underlying XRP Ledger showed notable signs of growth, according to the latest State of XRP report by Messari. The analytics firm outlines a sharp contrast between the weaker market performance and strong network fundamentals, with stablecoin adoption, real-world asset tokenization, and […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-173017","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/173017"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=173017"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/173017\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=173017"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=173017"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=173017"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}XRP Price Falls as Trading Activity Cools<\/h2>\n
XRPL Sees Growth in RWAs, Transactions, and Stablecoins<\/h2>\n
![<\/a>Source: TradingView<\/p>\nPer Messari\u2019s report<\/a>, trading activity also slowed down during the cited period. Average daily spot volume declined by 32%, while perpetual futures volume declined by 28.6%. That said, institutional exposure continued to build, as\u00a0CryptoPotato\u00a0<\/em>covered<\/a> recently. The quarter ended with ETFs holding about 775.4 million XRP, which is roughly 1.26% of the asset\u2019s currently circulating supply.<\/p>\nXRPL Sees Growth in RWAs, Transactions, and Stablecoins<\/h2>\nWhile XRP\u2019s price struggled, XRPL activity moved in the opposite direction, supporting the case for strong fundamental support. Messari indicated that average daily transactions increased by 35% quarter-over-quarter, increasing from 1.83 million to 2.48 million.<\/p>\nThe network also saw growing adoption across stablecoins and tokenized assets.<\/p>\nRipple\u2019s RLUSD stablecoin expanded to a market cap of $340.3 million on the XRPL by the end of the quarter, up 45% from the previous quarter. Meanwhile, XRPL\u2019s real-world market cap soared by 124% QoQ to an all-time high of $2.25 billion.<\/p>\nMessari also reported that new infrastructure is being built in institutional-oriented decentralized finance. During the quarter, permissioned domains, permissioned DEX, and token escrow went live. Meanwhile, native lending protocols and asset vaults are still in voting.<\/p>\nAll in all, these developments can be taken to suggest that XRPL\u2019s institutional finance narratives continued to strengthen, despite the weakening price performance of XRP.<\/p>\nThe post XRP Ledger Activity Soars in Q1 Despite XRP Price Slump: Messari<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"XRP had a rather difficult start to 2026 from a price standpoint, but the underlying XRP Ledger showed notable signs of growth, according to the latest State of XRP report by Messari. The analytics firm outlines a sharp contrast between the weaker market performance and strong network fundamentals, with stablecoin adoption, real-world asset tokenization, and […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-173017","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/173017"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=173017"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/173017\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=173017"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=173017"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=173017"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2026\/05\/XRPUSDT_2026-05-31_15-34-27-scaled.png\"){kind=link}