{"id":97201,"date":"2026-05-31T14:19:42","date_gmt":"2026-05-31T14:19:42","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=97201"},"modified":"2026-05-31T14:19:42","modified_gmt":"2026-05-31T14:19:42","slug":"xrp-ledger-activity-soars-in-q1-despite-xrp-price-slump-messari","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=97201","title":{"rendered":"XRP Ledger Activity Soars in Q1 Despite XRP Price Slump: Messari"},"content":{"rendered":"
\n

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

XRP Price Falls as Trading Activity Cools<\/h2>\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

\"XRPUSDT_2026-05-31_15-34-27\"<\/a>
Source: TradingView<\/figcaption><\/figure>\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

XRPL Sees Growth in RWAs, Transactions, and Stablecoins<\/h2>\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>\n<\/div>\n","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":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-97201","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/97201","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=97201"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/97201\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=97201"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=97201"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=97201"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}