The XRP Ledger (XRPL) has achieved a significant milestone, surpassing $1 billion in on-chain tokenized assets. This growth is attributed to increased stablecoin activity and institutional adoption. Notably, stablecoin balances on XRPL increased by approximately $100 million in January alone, bringing the total stablecoin holdings on the ledger to $407 million.
Institutional tokenization has been a major driver. Ondo Finance added tokenized US Treasuries to XRPL last year, contributing to a surge in tokenized US government debt on the ledger, which now stands at over $145 million—a staggering increase of over 2,800% from the previous year. Crypto investor Paul Barron highlighted that part of the recent growth stems from Binance's support for the RLUSD stablecoin, which is now tradable against XRP and USDT.
Concurrently, Ripple has announced key partnerships to advance blockchain integration in traditional finance. The company has teamed up with Jeel, the innovation arm of Riyad Bank, to explore use cases for cross-border payments, digital asset custody, and tokenization in support of Saudi Arabia's Vision 2030 agenda. Furthermore, Ripple has partnered with DXC Technology, a major IT services firm, to integrate Ripple's blockchain technology—including digital asset custody and the RLUSD stablecoin—into DXC's Hogan core banking platform, which supports $5 trillion in deposits.
On the technical front, analyst EGRAG Crypto points to a "Triple Bottom" pattern forming in XRP's price chart, suggesting a potential end to a prolonged consolidation phase. This pattern indicates strong buying interest at key support levels around $1.85-$1.90. Based on Fibonacci extensions tied to a potential breakout, EGRAG outlines ambitious upside targets near $9.28 and even $31.65, implying a 5x to 17x move from current levels, potentially within a 2026-2027 window.
Market sentiment is also bolstered by the performance of spot XRP ETFs in the US. Since their launch in November, these ETFs, offered by firms like Canary Capital, Bitwise, Franklin Templeton, 21Shares, and Grayscale, have generated cumulative net inflows of approximately $1.24 billion.
Ripple's ecosystem events continue to foster community engagement. The company announced that XRP Community Day will commence on February 11, featuring a fireside chat between CEO Brad Garlinghouse and crypto podcaster Tony Edward, focusing on XRP's use in capital markets and institutional adoption.
