XRPL activity hits records while XRP price sits 62% below peak

The XRP Ledger is busier than ever: daily successful payments recently topped 2.7 million, up from roughly 1 million in late 2025, with the network processing 2–2.8 million transactions per day at 20–26 transactions per second. Automated market maker pools have swelled to nearly 27,000 supporting more than 16,000 unique tokens, tokenized real-world asset value climbed to $461 million (a 35% increase in 30 days), and stablecoin transfer volume reached $1.19 billion.

Yet XRP trades at $1.37, down 26% year-to-date and 62% below its late-2025 high of $3.65. The most important mismatch is structural: much of the growing activity is driven by RLUSD and tokenized assets that use XRP as a bridge currency. A cross-border payment that uses XRP for three seconds to settle between fiat pairs doesn’t create the same sustained buy pressure as staking ETH for months or locking SOL in a DeFi protocol.

The ledger’s usage rises, but that activity remains transient for the native token. DeFi metrics underline the disconnect.

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