The XRP Ledger has recorded a sharp rise in network activity while the price of XRP continues to lag behind its previous highs. Daily payments on the network recently climbed to more than 2.7 million, marking the highest level in the past year.
At the same time, the token trades near $1.41 and remains about 62% below its late-2025 peak of $3.65. Year to date, the cryptocurrency has declined roughly 26%. This gap between growing network usage and falling token value has drawn attention across the crypto market.
Data from XRPSCAN shows that the ledger now processes between 2 million and 2.8 million transactions per day. The network handles about 20 to 26 transactions per second. Analysts note that such growth suggests increased adoption of XRP Ledger infrastructure, even though the token itself has not reflected that momentum in price.
Much of the recent growth on the XRP Ledger comes from activity tied to stablecoins and tokenized assets. Ripple’s RLUSD stablecoin has played a major role in driving transaction volume across the network. Payments that rely on XRP as a temporary bridge asset allow transactions between different currencies to settle quickly.
Furthermore, the ledger has seen a rapid rise in automated market maker pools. The number of AMM pools has reached nearly 27,000 and supports more than 16,000 unique tokens. These pools collectively contain about 12 million XRP in liquidity.
Tokenized real-world assets on the network have also expanded. Data from RWA.xyz shows that the value of tokenized assets on the XRP Ledger has climbed to approximately $461 million. This figure represents a 35% increase over the past 30 days. In addition, stablecoin transfers reached about $1.19 billion during the same period.
While transaction activity has increased, the decentralized finance ecosystem on the XRP Ledger remains relatively small. According to data from DeFiLlama, the network’s total value locked stands at about $48.09 million. This amount appears modest when compared with the token’s market capitalization of roughly $84 billion.
The native decentralized exchange on the XRP Ledger also shows limited trading volume. Daily DEX activity usually ranges between $4 million and $8 million. For a network ranked among the largest cryptocurrencies by market capitalization, this level of trading remains relatively low.
Nevertheless, tokenized assets and institutional-style transactions have increased in recent months. The ledger recorded about $149 million in real-world asset transfer volume over the past 30 days. That figure represents a rise of more than 1,300%.
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Institutional investors have also increased their exposure to XRP through exchange-traded funds. Goldman Sachs has built one of the largest disclosed positions, holding close to $154 million in XRP ETF products. Millennium Management reported around $23 million in exposure, while Citadel Advisors holds roughly $4.5 million.
Other firms, including Jane Street and DRW Trading Group, have also reported positions in XRP-related investment vehicles. Since their launch in November 2025, XRP ETFs have attracted approximately $1.4 billion in cumulative inflows.
On-chain data suggests that some investors have moved XRP off exchanges. CryptoQuant reported a surge in withdrawals from Binance between February 21 and March 7. During that period, the exchange recorded between 12,500 and 20,000 withdrawal transactions in multiple waves.
Technical analysts continue to watch key price levels. Market analyst EGRAG CRYPTO identified $2.20 as a critical resistance zone. According to the analyst, reclaiming that level could signal the end of the current compression phase and open the path toward a potential retest of $2.50.