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XRP Ledger Defies Market Outflows With $1.7B in RWA Inflows

The XRP Ledger (XRPL) continues to attract capital into its real-world asset (RWA) ecosystem even as major blockchain networks face heavy outflows.

Data shared from RWA.xyz shows XRPL recorded $1.7 billion in net RWA inflows over the past 60 days. In contrast, several leading networks posted significant declines during the same period.

Ethereum led the outflows with $5.8 billion leaving the network. Arbitrum followed with $3.0 billion in outflows, while Solana and Polygon recorded declines of $653 million and $250 million, respectively.

Against this backdrop, XRPL stood out alongside TRON and HyperEVM as the only major networks to post a substantial net inflow.

Source: rwa.xyz
Source: rwa.xyz

XRPL Strengthens Position in Tokenization

The latest figures add to XRPL’s growing momentum in the tokenization market.

Earlier this month, data from the RWA Foundation showed XRPL attracted $1.9 billion in net RWA inflows over a 90-day period, excluding stablecoins. That placed it ahead of Ethereum, which recorded $1.6 billion, and Stellar, which posted $1.4 billion.

Other networks trailed behind. BNB Chain attracted $848 million, followed by Solana with $611 million, Avalanche with $362 million, Sei Network with $202 million, and Mantle with $90 million.

The trend suggests capital continues to flow into XRPL’s tokenization ecosystem despite weakness across competing blockchain networks.

Stablecoin and Tokenized Treasury Activity Accelerates

XRPL’s RWA growth has been accompanied by rising activity in stablecoins and tokenized assets.

According to RWA.xyz, stablecoin transfer volume on XRPL reached $5.11 billion over a 30-day period. That marks a 22.84% increase from the previous month.

Meanwhile, the Ondo Short-Term U.S. Government Bond Fund has become the second-largest tokenized asset on XRPL. The fund recorded about $259.6 million in transfers during the period, highlighting growing institutional interest in tokenized Treasury products.

RWA.xyz data also shows that XRPL currently represents about $3.56 billion in off-chain RWAs. This could provide a sizeable pipeline of assets that may eventually move on-chain as adoption grows.

XRPL Growth Rate Surpasses Ethereum

The XRP Ledger has also expanded rapidly in terms of tokenized asset value. XRPL’s tokenized RWA value grew from roughly $10 million in January 2025 to $400 million by April 2026. The network achieved that growth in about 15 months.

By comparison, Ethereum took nearly 36 months to reach a similar milestone. Year-to-date, XRPL’s tokenized RWA value has climbed 78%, rising from $227 million to $404 million. Ethereum recorded 36% growth over the same period.

The latest $1.7 billion net inflow further reinforces XRPL’s position as one of the fastest-growing blockchain networks in the expanding RWA tokenization sector.

Bitcoin Bear Markets Historically End After Black Swan Events—What Could Trigger the Next Rally?

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Amid the ongoing downturn, recent analysis shows that every major Bitcoin bear market has ultimately found a bottom following a black swan event.

For context, black swan events cause sudden, largely unexpected crises that trigger sharp panic selling across the market, including Bitcoin. However, once the initial turmoil subsides, markets have historically transitioned into recovery phases.

Major Crises Have Historically Marked Bitcoin’s Cycle Bottoms

Over the years, the crypto market has endured several black swans. Notably, the collapse of the Mt. Gox exchange in 2014, the COVID-19 market crash in 2020, and the implosion of FTX in 2022 all coincided with major Bitcoin cycle lows. Although Bitcoin initially reacted negatively to each event, it later staged powerful recoveries. 

Bitcoin Black Swan Events
Bitcoin Black Swan Events

Mt. Gox Collapse Marked Bitcoin’s First Major Capitulation

The hack and subsequent collapse of Mt. Gox, then the world’s largest Bitcoin exchange, represented one of the industry’s earliest black swan events. Hackers stole approximately 850,000 BTC from the platform, forcing it into bankruptcy in 2014.

The incident appeared to mark the final capitulation phase of Bitcoin’s early bear market. Following the collapse, Bitcoin eventually surged more than 12,804%, climbing to roughly $24,500 during the subsequent bull cycle.

COVID-19 Crash Triggered a Historic Recovery

Similarly, the COVID-19 pandemic sparked a sharp selloff across global financial markets in March 2020, and Bitcoin was no exception. The leading cryptocurrency plunged to around $3,800 as investors rushed to de-risk their portfolios.

However, the panic was short-lived. As liquidity returned to markets, Bitcoin began a historic rally, soaring more than 1,692% to reach nearly $69,000 by late 2021.

FTX Implosion Marked the 2022 Cycle Bottom

Another defining black swan event emerged in late 2022 when cryptocurrency exchange FTX collapsed. The failure sent shockwaves throughout the digital asset industry, driving Bitcoin down to approximately $15,500 amid widespread fear and uncertainty.

Yet that low marked the bottom of the cycle. From there, Bitcoin recovered more than 715%, eventually surpassing $126,000 in 2025.

Investors Search for the Next Market Catalyst

With Bitcoin once again trading in bearish territory, investors are asking whether another black swan event could be required to mark the next major bottom and ignite a new expansion phase.

The asset has already retreated significantly from its recent highs, and market observers view the current period as a potential inflection point. As a result, the next major macroeconomic or industry-specific catalyst could determine whether Bitcoin enters another sustained rally or remains locked in an extended consolidation phase.

Recent Selloffs Have Yet to Produce a Definitive Bottom

Since reaching its all-time high in October 2025, Bitcoin has faced several sharp corrections that some investors initially viewed as potential black swan events. These include the October 10 market crash, the geopolitically driven sell-off in February, and the dip this month caused by the Strategy 32 BTC sale.

However, unlike previous cycle-defining crises, none of these events has been followed by the explosive recovery pattern seen after Mt. Gox, COVID-19, or FTX.

At press time, Bitcoin was trading at $64,097, up 0.3% over the past 24 hours. Despite the daily gain, the cryptocurrency remained down 2.3% over the previous week and 14% over the past month, highlighting the continued uncertainty surrounding the market’s next major move.

Why XRP Could Outperform Bitcoin by Over 13x in the Next Bull Run

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Market data indicates XRP has the potential to outperform Bitcoin by up to 13x once the ongoing downtrend gives way to a bull run phase.

XRP has continued to underperform in relation to Bitcoin (BTC) due to the altcoin’s susceptibility to greater volatility during the ongoing market turbulence. However, market data suggests that this penchant for volatility could benefit XRP in the next bull run.

Bitcoin Outperforms XRP

This is according to a recent market exposition by Celal Küçüker, a well-respected crypto analyst, on the back of XRP’s discouraging response to bearish pressure since the fourth quarter of 2025.

Notably, data confirms that after XRP hit a high of 0.000030680 BTC in July 2025 amid its surge to the $3.6 all-time high, the altcoin collapsed against Bitcoin and has since continued to underperform in respect to the premier cryptocurrency.

Over the past 10 months since August 2025, XRP has recorded eight losses against Bitcoin, only seeing meager monthly gains of 4.06% in November 2025 and 1.12% in May 2026. Within this period, the XRP/BTC pair has collapsed from 0.00002610 to the current value of 0.000017680, representing a 32% decline in 10 months.

XRP/BTC Pair Forms Descending Triangle

Interestingly, Küçüker’s chart reveals that XRP’s push against Bitcoin in July 2025 was a part of a larger campaign to break above a multi-year descending triangle on the XRP/BTC chart that has capped XRP’s upward potential over an extended period.

Specifically, the upper trendline of this triangle started forming after XRP dropped from the peak value of 0.0002298 BTC in January 2018. 

XRP|BTC Descending Triangle Celal Kucuker
XRP|BTC Descending Triangle | Celal Kucuker

The XRP/BTC pair saw persistent declines from here, recording consistent lower highs and eventually slumping to 0.000006180 by January 2021, marking a 97% crash. Notably, the SEC’s lawsuit against Ripple, filed in December 2020, contributed to this drop, triggering a 77% fall in December 2020 alone.

XRP Attempting a Breakout

Though XRP recovered from this 0.000006180 BTC low, its price remained significantly below the upper trendline of the descending triangle for years until the November 2025 upsurge triggered by President Donald Trump’s election victory.

During this rally, XRP attempted a breakout above the triangle for the first time in history when it soared to 0.00003412 BTC in January 2025. However, the resistance at this area led to a pullback, resulting in four consecutive monthly losses from February to May 2025.

When a recovery ensued, XRP again attempted another breakout when prices rose to $3.6 in July 2025, hitting 0.00003059 BTC. Since then, it has continued to collapse, leading to the current value of 0.00001768. 

XRP Could Outperform BTC by 13x

Notably, with the XRP/BTC pair now extremely close to the apex of the descending triangle, Küçüker believes an upward breakout is likely in the near term. This anticipated move is the single factor behind his suggestion that XRP could outperform Bitcoin in the next bull run.

According to him, XRP could rise 13x against Bitcoin from its current position. For perspective, a 13x increase from here would put the XRP/BTC pair at 0.00022984. This would allow XRP to reclaim its all-time high value against BTC.

At Bitcoin’s current price of $64,000, this value would translate to a $14.7 price for XRP. However, Küçüker suggests that Bitcoin would also record impressive gains despite underperforming XRP. According to him, if BTC pushes past $200,000, XRP could see a 20x increase on its own.

Coincidentally, Austin, another well-known market watcher, also recently suggested that XRP could outperform Bitcoin by more than 500% when the next bull run plays out. He cited a falling wedge on the XRP/BTC weekly chart, predicting that a breakout could take XRP to 0.0001 BTC.

XRP|BTC Falling Wedge Austin
XRP|BTC Falling Wedge | Austin

XRP Holds Key $1.07 Support, but $1.18 Remains Major Obstacle

XRP has managed to hold above a critical support zone despite recent weakness.

Meanwhile, the coin remains vulnerable to further downside unless buyers reclaim a major resistance level. 

Recent chart formations show XRP continues to trade above the $1.07 dark pool and the $1.11 delta support zone. Buyers have so far defended these areas, preventing a deeper decline and keeping the possibility of a recovery alive.

However, the larger concern is the strong rejection XRP faced at the $1.18 dark pool. Failure to break above that level indicates that sellers still control premium pricing. This suggests that the latest rebound may have been driven by short sellers taking profits rather than fresh institutional accumulation.

XRP Bulls Need to Reclaim $1.18

The bullish scenario for XRP remains relatively clear. If buyers can reclaim $1.18 as support, the token could begin a more meaningful recovery.

In that case, XRP’s next upside targets would be around $1.29 and $1.36. From its current price of $1.13, a move to $1.29 would represent a gain of approximately 14%, while a rally to $1.36 would imply a rise of about 20%. 

While seemingly attainable, bearish market sentiment could hinder even such a modest move. 

Breakdown Below $1.07 Could Trigger Deeper Losses

On the downside, the $1.07 level is XRP’s final major defense zone. A breakdown below that support could expose it to significantly lower prices. The next major support zones are at approximately $0.91 and potentially $0.69.

If XRP falls to $0.91 from its current levels, it would represent a decline of roughly 19.5%. A drop to $0.69 would amount to a steeper correction of nearly 39%.

XRP/USD Chart

XRP Down Nearly 39% This Year

Data from CoinMarketCap shows XRP is trading at $1.13, down 1.14% over the past 24 hours. The cryptocurrency has also declined 5% over the last seven days, 15% over the past month, and 38.5% since the start of the year.

Despite the recent weakness, XRP’s ability to remain above the $1.07 support zone suggests buyers are still defending key levels. Whether the token can reclaim $1.18 in the coming sessions may determine if the next major move is a recovery toward $1.29 and $1.36 or a deeper decline toward the $0.91 and $0.69 support zones.

Downside Risk Based on Elliott Wave

An earlier report by The Crypto Basic revealed that XRP may be heading lower, as Elliott Wave analysis suggests it is still moving through a corrective phase. It indicates that lower prices are possible before a sustained recovery.

Key downside targets include the 50% Fibonacci retracement at $0.9859, about 13.5% below current levels. If selling pressure intensifies, XRP could fall to the 61.8% retracement at $0.7367, representing a decline of roughly 35%.

Is the Dogecoin Burn Address Really Safe from Quantum Threat?

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The Dogecoin burn address has come under scrutiny as concerns about quantum computing continue to grow across the crypto industry.

The address first gained prominence during Dogeparty’s proof-of-burn event in 2014, when users sent DOGE to the wallet in exchange for XDP tokens. More than a decade later, the wallet remains untouched. 

Blockchain data shows that it currently holds around 1.854 billion DOGE or 1.08% of the Dogecoin supply. At the current DOGE price of $0.083, this holding has a worth of $153 million. The address has received over 22,700 transactions but recorded no outgoing transfers.

Considering the size of the holdings, market participants have begun questioning whether future quantum computers could eventually gain access to these coins.

How the Dogeparty Burn Address Works

Most crypto users assume that all burn addresses permanently remove coins from circulation. However, in reality, blockchains use different methods to achieve that result, and not all of them provide the same level of certainty.

Notably, the most secure method relies on OP_RETURN. This function creates outputs that the network itself rejects under its consensus rules. Because the protocol prevents anyone from spending those outputs, no private key, software upgrade, or future breakthrough in computing can unlock the funds.

However, the Dogeparty burn address uses a different approach. Instead of relying on OP_RETURN, developers created a standard Pay-to-Public-Key-Hash (P2PKH) address that resembles an ordinary Dogecoin wallet. The address was deliberately designed to display a recognizable pattern, but no known private key exists for it.

As a result, the network treats the wallet like any other P2PKH address. The protocol does not explicitly block spending from it. In theory, a corresponding private key could exist somewhere within the vast cryptographic key space. However, finding such a key is currently way beyond the reach of existing computing systems.

The Quantum Computing Threat

The rise of quantum computing has raised new concerns about the long-term security of cryptocurrencies. 

Earlier this year, researchers at Google’s Quantum AI division published findings that significantly reduced previous estimates for the resources needed to break elliptic curve cryptography, the technology that secures Bitcoin, Dogecoin, and many other digital assets.

According to the March 2026 research, a sufficiently advanced quantum computer could run Shor’s algorithm against 256-bit elliptic curve cryptography using as few as 1,200 logical qubits and fewer than 90 million Toffoli gates. 

Under certain assumptions, researchers estimate that such attacks could take only minutes once the required hardware becomes available.

These findings may appear troubling for a wallet holding nearly $153 million in Dogecoin. However, the Dogeparty address features an important security advantage that sets it apart from many active wallets.

Why the Dogecoin Burn Address May Be More Resistant

Notably, the Dogeparty wallet has never sent a transaction. This may actually prove important in a future quantum era.

With the P2PKH model, a wallet’s public key only becomes visible when funds move out of the address. Until then, the blockchain stores only a hashed version of that public key. Since the Dogeparty burn address has never spent any coins, its public key has never appeared on-chain.

This means that a future attacker could not immediately use Shor’s algorithm against the address. Instead, the attacker would first need to reverse the Hash160 process by breaking both SHA-256 and RIPEMD-160 protections to recover a valid public key. 

Only after overcoming this challenge could they attempt to derive the corresponding private key.

For this reason, the Dogeparty address may actually possess stronger protection against quantum attacks than many ordinary DOGE wallets. 

Countless active addresses have already revealed their public keys through previous transactions, and this creates a more direct target for future quantum systems.

For now, the Dogeparty burn address appears to face little immediate danger from quantum computing. It may not qualify as a protocol-enforced burn in the same way as OP_RETURN outputs, but its unrevealed public key provides some level of protection.

Classical Shiba Inu Bear Trap Hints at Potential Deeper Correction

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Shiba Inu has formed a bearish structure that could drive prices lower, but bulls could invalidate this by reclaiming a key level.

Shiba Inu (SHIB) remains almost unchanged in the past 24 hours, correcting less than 1% during this period. Still, the broader structure continues to lean bearish.

The third-largest meme coin by market cap dropped 2% on Sunday, closing the past week 7.7% lower than its opening price. This now means that SHIB has dropped over 15% in June and is on course for its largest monthly decline since December 2025.

Meanwhile, a fresh chart analysis suggests the possibility of further price declines.

Shiba Inu Rejected at Resistance

An analysis of the SHIB/USD 4-hour chart shows that Shiba Inu faced rejection at a descending resistance trendline, creating a bear trap. That rejection occurred after its price revisited a key supply zone at $0.00000520 last Monday, reinforcing the idea that sellers remain firmly in control.

Meanwhile, more than just one technical indicator supports this bearish case. Momentum indicators have also begun flashing warning signs, with a clear bearish divergence emerging on the relative strength index (RSI). While its price made higher highs, the RSI made lower highs and lower lows.

An order block breakdown adds more bearish perspective. The chart shows that the area around $0.00000520 aligns with an order block, a zone where smart money market users placed large sell orders in this case. 

A rebound to the resistance also confirmed a fair value gap (FVG) formed in early June. Shiba Inu retested this gap, and bears defended the area, further adding downward pressure.

Shiba Inu 4H Chart
Shiba Inu 4H Chart

As long as the token remains below the current resistance area and continues trading within the order block and fair value gap zone, the path of least resistance appears lower. 

Distribution Signs Suggest SHIB Sellers in Control

Volume behavior adds another layer to the bearish outlook. A recent spike in trading activities showed characteristics often associated with distribution. Strong upward moves attract retail buyers while larger participants gradually reduce their exposure.

A buying climax, followed by a climactic volume spike, failed to produce a sustained breakout. Instead, price swept liquidity above the key trigger level at $0.00000520 before reversing and breaking below the lower trigger line. This development typically signals increasing supply.

If downside momentum accelerates, the first area to watch sits near $0.00000457, which is just 2% away from the current market price of $0.00000467. The next major support zone sits near $0.000004310, a 7.7% drop from here.

However, this bearish outlook could lose credibility. For this to happen, SHIB would need to reclaim the $0.00000520 resistance level and decisively break out with strong volume. Until that happens, the technical picture continues to favor a further downtrend.

Notably, derivatives data already reflect this caution. Over the past 7 days, traders have closed more futures contracts than they have opened, as reflected in the Coinglass futures flow. Inflows stood at $28.6 million and outflows at $31.9 million.

Coinglass Shiba Inu Inu Futures Flow
Coinglass Shiba Inu Futures Flow

Mexican Billionaire Ricardo Salinas Urges Investors to Treat Bitcoin Like Real Estate

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Mexican billionaire and Grupo Salinas chairman Ricardo Salinas Pliego has urged investors to approach Bitcoin the same way they approach real estate investments.

Speaking during a recent interview, Salinas encouraged investors to stop obsessing over Bitcoin’s short-term price fluctuations and instead view the asset through a long-term lens. According to him, investors should think of Bitcoin as a multi-decade store of value rather than a vehicle for short-term speculation.

Treat Bitcoin Like a Real Estate Investment

Salinas argued that whenever people receive fiat currency, they should consider converting a portion of it into Bitcoin instead of immediately spending it on consumer goods.

His investment philosophy centers on accumulation and patience. Illustrating his point, Salinas compared Bitcoin ownership to owning a home.

He noted that most homeowners do not wake up every morning to check the market value of their properties. Instead, they buy a house, maintain it, and allow its value to appreciate over time. Years later, many discover that their property has increased significantly in value.

Salinas believes investors should adopt the same mindset with Bitcoin. Once they acquire the asset, they should avoid becoming emotionally attached to daily price swings and instead remain focused on its long-term growth potential.

Bitcoin Decline Fuels Investor Anxiety

Salinas’ comments come at a time when many investors remain concerned about Bitcoin’s recent performance. Bitcoin has fallen 49.34% from its all-time high of $126,198 to $63,920 at press time. The asset is also down nearly 27% since last month when it traded at $82,000. 

As a result, fear has intensified across the market, particularly among short-term holders who have become increasingly sensitive to price volatility. Market analyst Darkfost highlighted how renewed volatility triggered heavy selling activity on Binance.

According to his analysis, Bitcoin’s drop from $82,000 to around $60,000 prompted a strong emotional reaction among short-term holders. Their response led to a sharp increase in exchange inflows as many rushed to sell their holdings.

His accompanying data shows that investors transferred more than 80,000 BTC, valued at roughly $5 billion, to Binance within seven days in June. Nonetheless, the recent activity remains below February’s peak, when more than 100,000 BTC flowed into exchanges during another test of the $60,000 price level.

Darkfost emphasized that short-term holders are highly reactive to market swings and often make fear-driven decisions during periods of heightened uncertainty. 

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A Long-Term Approach 

Against this backdrop, Salinas continues to advocate for a disciplined, long-term investment strategy. In his view, treating Bitcoin like a long-term asset can help investors resist the urge to react to every market movement. 

Salinas has long been one of Bitcoin’s most vocal supporters. Over the years, he has repeatedly described Bitcoin as a superior store of value compared to fiat currencies. He has even stated that he once advised his wife to sell her house and buy Bitcoin instead.

Notably, Salinas backs his conviction with capital. According to him, Bitcoin now accounts for approximately 70% of his investment portfolio. 

Shiba Inu Risks Losing Top 30 Spot as Shytoshi Kusama Remains Absent

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Shiba Inu lead developer Shytoshi Kusama has continued to maintain a low profile on X, even as broader market weakness weighs heavily on SHIB’s performance.

Kusama has remained inactive on the social media platform for more than a month. His last appearance came on May 13, when he shared an enthusiastic post and tagged fellow developer Kaal Dhairya.

At the time, many community members believed the developers were preparing to unveil a major update that could potentially support SHIB’s price. However, shortly after that post, Kusama went completely silent. 

Since then, he has neither published new posts nor interacted with other X users through likes or replies.

A Familiar Pattern for the Shiba Inu Community

For long-time members of the Shiba Inu community, Kusama’s absence is not unusual. The lead developer has developed a reputation for stepping away from social media for weeks or even months at a time. 

One notable example occurred in December 2025, when he temporarily left X while exploring artificial intelligence (AI) solutions aimed at strengthening the broader Shiba Inu ecosystem.

He eventually returned in late January 2026 to a warm reception from community members. Since then, he has repeatedly disappeared for brief periods before resurfacing. This latest absence, however, has now stretched beyond five weeks, with no indication of when he plans to return. 

AI Project Continues to Command Kusama’s Attention

Meanwhile, Kusama has consistently linked his social media inactivity to his ongoing artificial intelligence initiative, which he previously described as the next phase of Shiba Inu’s evolution.

Although he initially connected the AI effort to the SHIB ecosystem, recent updates suggest the project, known as R. OS, will operate independently of Shiba Inu.

According to information in his updated bio, Kusama is currently focused on developing the project’s application. He also noted that the website’s beta version has been completed and that the final bug-testing phase has been passed. 

Shiba Inu Lead X Profile
Shiba Inu Lead X Profile

The continued development of R. OS has fueled concerns among some investors who still view Kusama primarily as Shiba Inu’s lead developer.

Their concerns stem from the fact that the project is not directly designed to support core ecosystem tokens such as SHIB, BONE, LEASH, or TREAT. As a result, some community members have begun questioning whether Kusama’s priorities have shifted away from Shiba Inu altogether.

SHIB Risks Losing Top 30 Spot

Kusama’s latest disappearance comes at a challenging time for SHIB. The broader cryptocurrency market has exerted significant downward pressure on the token, pushing it below the $0.000005 level in recent days. At press time, SHIB trades at $0.000004677 with a market cap of $2.75 billion.

The token has declined 32.3% since the start of the year and remains 94.73% below its all-time high of $0.00008845. As a result, SHIB now faces the risk of slipping out of the top 30 cryptocurrencies by market cap. The token currently ranks as the world’s 29th-largest cryptocurrency, while PYUSD and AVAX trail closely behind with market capitalizations of $2.74 billion and $2.72 billion, respectively. 

Shiba Inu ranking on CMC
Shiba Inu ranking on CMC

Retail XRP Wallets Now Make Up Over 93% of Total 7.9M XRP Addresses

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On-chain data indicates that retail wallets holding at most 5,000 XRP tokens make up more than 93% of the total XRP-based addresses.

The XRP ecosystem has continued to witness remarkable expansion in recent times. While wallet growth has slowed this year amid bearish sentiment triggered by ongoing price struggles, XRP is already on course to hit the 8 million milestone.

Interestingly, data confirms that most of the wallet growth this year has been driven by retail investors who have continued to show interest in XRP despite the selling pressure. Today, retail wallets holding 5,000 XRP tokens or less make up 93% of total XRP addresses.

XRP Hosts 7.4M+ Retail Wallets

According to on-chain data sourced by XRP Rich List, a community-driven resource, the XRP Ledger (XRPL) now hosts exactly 7,409,974 retail wallets holding at most 5,000 XRP tokens (currently worth $5,650).

Of this figure, the lowest tier of wallets, involving those holding 20 XRP ($22.6) or less, accounts for 3.969 million, making up the largest share of retail wallets. Meanwhile, addresses with 20 XRP ($22.6) to 500 XRP ($565) make up 2.552 million of the total.

As for addresses with 500 to 1,000 XRP ($565 to $1,130), these investors number 263,002, accounting for the lowest share of retail wallets. At the same time, there are 624,489 wallet addresses holding 1,000 to 5,000 ($1,130 to $5,650).

XRP Wallet Distribution
XRP Wallet Distribution

Together, these 7.4 million retail wallets make up about 93% of the total 7.93 million XRP wallets. Addresses holding 5,000 to 1 billion XRP sum up to 523,042, representing a little above 6.5% of the total XRP wallets in existence.

Retail Wallets Hold Minimal XRP

However, despite representing over 93% of total addresses, these retail wallets only hold 2.7% of the circulating XRP supply. Specifically, retail investors with 5,000 XRP or less hold a cumulative balance of 1.844 billion XRP tokens worth $2 billion.

In this area, whale accounts with 100 million XRP ($113 million) to 500 million XRP ($565 million) hold the largest balance for any single address tier, possessing up to 12.715 billion XRP ($14.3 billion), representing nearly 19% of the circulating XRP supply, despite being just 66 in number.

What This Means for XRP

Notably, this distribution leans slightly bullish. When a very large share of wallets holds only a tiny fraction of the supply, it suggests XRP is widely distributed among small participants. This broad user base indicates long-term adoption, as it shows organic interest.

However, it also shows that most of the supply sits with larger wallets, meaning whales and institutions still have strong influence over price movements. This can introduce volatility if big holders decide to sell, but it also confirms that more capitalized players remain invested.

XRP Ledger Stablecoin Activity Hits $5.11B as RLUSD and Ondo Government Bond Fund Drive Growth

Data from rwa.xyz shows that stablecoin transfer activity on the XRP Ledger (XRPL) has reached $5.11 billion over the past 30 days.

Notably, this represents a 22.84% increase compared to the previous month. The rise points to stronger on-chain liquidity and also suggests growing use of tokenized cash-like assets across the XRPL ecosystem.

Ondo Fund Becomes Second-Largest Tokenized Asset on XRPL

The same dataset indicates that the Ondo Short-Term U.S. Government Bond Fund is now the second-largest tokenized fund on XRPL.

It is only behind RLUSD-related flows in size and activity. The fund recorded about $259.6 million in transfers during the period, signaling rising institutional interest in on-chain tokenized U.S. Treasury exposure.

Source: https://app.rwa.xyz/networks/xrp-ledger
Source: https://app.rwa.xyz/networks/xrp-ledger

The trend suggests that tokenized real-world assets (RWAs) are gaining a more visible role within the XRPL ecosystem.

XRPL Shows $3.66B in Off-Chain RWA Pipeline

Meanwhile, additional data from rwa.xyz reveals that XRP Ledger currently has about $3.66 billion in real-world assets represented off-chain. For comparison, Stellar holds around $79.35 million in similar represented value.

This suggests that XRPL has secured significant institutional commitments in recent months.

Some supporters believe this off-chain pipeline could begin moving on-chain more rapidly as XRPL infrastructure improves. Key upgrades often cited include:

  • Confidential transactions
  • XLS-66 lending functionality
  • Expansion of RLUSD across multiple chains

The argument is that the $3.66 billion in represented assets may not enter the system gradually. Instead, it could move in larger waves once tokenization rails and institutional integrations mature.

XRPL Leads RWA Tokenization With $1.9B Inflows

XRPL’s growing momentum is further strengthened by recent data showing that it recorded the highest net RWA inflows across major blockchains over the past 90 days.

Data from the RWA Foundation confirmed that XRPL attracted $1.9 billion in net RWA inflows (excluding stablecoins), ahead of Ethereum’s $1.6 billion and Stellar’s $1.4 billion.

Moreover, Messari’s Q1 2026 report shows XRPL’s RWA market cap surged 124.1% quarter-over-quarter to $2.25 billion, ranking it seventh globally at the time before rising to fourth. Distributed RWAs on XRPL also climbed to $451.1 million, up 35.6% quarter-over-quarter.

Evernorth data shows XRPL scaled from $10 million to $400 million in tokenized RWAs in ~15 months, compared to ~36 months for Ethereum. Year-to-date growth also favors XRPL, up 78% versus Ethereum’s 36%.

Overall, inflows and adoption trends suggest XRP Ledger is becoming one of the fastest-growing hubs for tokenized real-world assets.