State of XRP Q1 2026
Key Update: XRPโs utility continues to grow as XRPLโs feature set expands, particularly for institutional DeFi use cases such as RWAs, stablecoins, and decentralized liquidity.
@XRPLF @Ripple
QoQ Metrics๐
โข U.S. Spot ETF XRP holdings โฌ๏ธ 2% to $775.4 million XRP (~1.3% of circulating supply)
โข RLUSD market cap on XRPL โฌ๏ธ 45% to $340M
โข RWA market cap on XRPL โฌ๏ธ 124% to $2.25B (now #4 among all networks)
โข Average daily transactions โฌ๏ธ 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.).