State of XRP Q1 2026

Key Update: XRP’s utility continues to grow as XRPL’s feature set expands, particularly for institutional DeFi use cases such as RWAs, stablecoins, and decentralized liquidity. @XRPLF @Ripple

QoQ Metrics📊

• U.S. Spot ETF XRP holdings ⬆️ 2% to $775.4 million XRP (~1.3% of circulating supply)

• RLUSD market cap on XRPL ⬆️ 45% to $340M

• RWA market cap on XRPL ⬆️ 124% to $2.25B (now #4 among all networks)

• Average daily transactions ⬆️ 35% to 2.48M

Ongoing implementation of identity, compliance, and privacy features is also driving value to XRP, as increased institutional adoption on the XRPL means more operations using XRP (reserve requirements, transaction fees, asset bridging, etc.).

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