XRP Ledger Metrics Rise Despite Market Sell-Off

• XRP fell sharply to around $1.30, underperforming many major cryptocurrencies during the market decline.
• RLUSD supply expanded rapidly, pushing its market capitalization above $1.5 billion globally.
• Tokenized real-world assets on the XRP Ledger grew to approximately $1.8 billion in value.

Pro-XRP lawyer Bill Morgan said recent developments on the XRP Ledger (XRPL) show continued ecosystem growth even as XRP prices fall sharply during the broader crypto market downturn.

XRP dropped nearly 20% in 24 hours, trading around $1.30, a steeper decline than several other large cryptocurrencies. However, Morgan said that network activity and stablecoin adoption on the XRPL have continued to expand despite the price weakness.

RLUSD Supply and Market Value Increase

Morgan said roughly 25 million RLUSD tokens were minted within a few hours, pushing the stablecoin’s total market capitalization above $1.5 billion and placing it among the top 50 cryptocurrencies by market value.

He also said the amount of RLUSD issued directly on the XRPL has surpassed 358 million tokens, reflecting steady adoption of the dollar-backed stablecoin.

Real-world Asset Activity Grows on XRPL

According to Morgan, tokenized real-world assets (RWA) on the XRPL have reached about $1.8 billion in represented value. These figures represent an increase compared with levels recorded at the end of December 2025, even as XRP’s market price has declined.

“Despite the dreadful price action over the last week and month the momentum has not slowed down let alone gone backwards,” he wrote.

Ripple Expands RLUSD Infrastructure Globally

Separately, Ripple recently expanded access to RLUSD in parts of Latin America through partnerships that enable users in countries such as Brazil and Argentina to access dollar-backed digital assets via local currency rails.

The stablecoin has also been listed on major trading platforms, including Binance, and has been integrated into several institutional trading and collateral systems, steps aimed at increasing liquidity and institutional usage.

Price Weakness Contrasts With Ecosystem Growth

Market analysts say that crypto asset prices often move independently of underlying network activity during periods of broad market correction. While XRP has experienced significant short-term selling pressure, the continued expansion of stablecoin supply, tokenized asset activity, and institutional integrations shows ongoing infrastructure development within the XRPL ecosystem.

For now, XRP’s price direction remains tied largely to overall crypto market sentiment, but industry participants say adoption metrics continue to indicate steady long-term network growth.

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