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.).