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XRP Ledger (XRPL) is rapidly strengthening its position in the fast-growing tokenization market after adding about $2.6 billion in tokenized real-world assets (RWAs) over the past six months, making it one of the fastest-growing blockchain networks for institutional asset issuance.
While XRP’s (XRP) price has remained relatively subdued near the $1.10 level, the network itself continues to expand. New infrastructure for Ripple USD (RLUSD), growing AI-powered payment activity, and increasing institutional partnerships suggest Ripple is focusing less on speculative trading and more on becoming a backbone for regulated financial services.
The disconnect between XRPL’s network growth and XRP’s market performance also highlights one of the ecosystem’s biggest debates: whether institutional adoption of the ledger will eventually translate into sustained demand for the XRP token.
Over the last six months, XRPL has attracted roughly $2.6 billion in new tokenized RWAs, excluding stablecoins.
That places XRPL second only to BNB Chain for net RWA inflows during the period, outperforming several larger smart contract ecosystems. Solana added $1.6 billion in tokenized assets over the same time frame, while Avalanche attracted roughly $972 million.
Although Ethereum remains the largest blockchain for tokenized assets overall, its net additions during the same period were significantly smaller at around $424 million.
Much of XRPL’s recent growth has been driven by Justoken’s JMWH energy tokens, which account for $2.23 billion of the network’s tokenized asset value.
Including stablecoins such as RLUSD, XRPL now hosts more than $5.3 billion in combined tokenized assets.
The figures demonstrate that institutions are increasingly choosing XRPL as infrastructure for issuing regulated financial products rather than simply using it for cross-border payments.
However, analysts caution that tokenized asset growth does not automatically create buying pressure for XRP itself since many issuers primarily use the ledger’s infrastructure while paying only minimal network fees in XRP.
Ripple has simultaneously accelerated development of the ecosystem supporting institutional users.
The company launched Ripple Mint, a platform allowing businesses to mint, redeem, bridge, and manage RLUSD through a single interface or automated API integrations. The product is designed for enterprise treasury management, payments, and trading operations.
Ripple also announced a strategic investment in compliance provider Notabene, whose network connects more than 2,300 financial institutions across over 100 jurisdictions while supporting about $2 trillion in annualized transaction volume.
Meet Ripple Mint.
A unified platform for institutions to access, mint, redeem, and manage $RLUSD.
Built for scale with both UI and API access, Ripple Mint gives institutions the flexibility to automate stablecoin operations, integrate RLUSD into existing systems, and manage…
— Ripple (@Ripple) July 23, 2026
The partnership aims to integrate RLUSD into Notabene Flow, giving regulated payment providers easier access to Ripple’s stablecoin infrastructure.
Meanwhile, developer activity continues to accelerate across XRP Ledger.
The network recently surpassed 1.4 million AI agent-initiated transactions, reflecting growing experimentation with autonomous payments following Ripple’s launch of an AI development toolkit earlier this year.
Binance has also expanded incentives around RLUSD, offering variable yield opportunities while rewarding eligible users with XRP, further increasing visibility for Ripple’s stablecoin ecosystem.
Despite the strong fundamental progress, XRP’s price has yet to fully reflect the expanding utility of XRP Ledger.
The token continues trading around $1.10 after failing to sustain a recent rally toward $1.16, remaining inside a broader descending channel that has defined price action throughout much of 2026.
Technical analysts are closely monitoring the $1.18 resistance level, which represents the first significant barrier buyers must overcome before challenging the larger resistance cluster around $1.28.
On the downside, the $1.02-$1.04 demand zone remains the most important support.
Buyers successfully defended this area during the recent correction, helping stabilize sentiment despite broader market volatility.
The contrast between network adoption and token performance highlights an important distinction for investors.
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