XRP fell to a monthly low of $1.81, down from $2.39 on Jan. 6 and nearly 48.4% below its July all-time high. The decline came as broader market pressure weighed on crypto, including U.S. tariff tensions, worries about a possible government shutdown, delays around a crypto market structure bill, and expectations that the Federal Reserve could stay hawkish.
Even with that pullback, institutional-facing indicators stayed relatively firm. Stablecoin holdings on the XRP Ledger, or XRPL, rose by $100 million this month to $407 million. XRP ETFs also recorded $67.8 million in net inflows, while exchange outflows suggested some investors were moving tokens off trading platforms and into private wallets. That does not remove volatility, but it does show continued allocation activity around the asset.
Chart structure points to a possible upside move
On the technical side, XRP broke above a descending trendline inside a falling wedge on the 4-hour chart. Traders often read that pattern as a bullish reversal signal. If momentum holds, the next area in view is $2.23, with room to retest the $2.39 high seen in January.
The setup still has a clear invalidation level. A move below $1.80 would weaken the current rebound case and cancel the near-term bullish structure. For now, price direction remains tied to both technical follow-through and the broader macro backdrop.
XRPL adoption reaches a new scale
While XRP price action has been unstable, adoption on XRPL has continued to expand. Tokenized assets and stablecoins on the network have now moved past $1 billion, a level that points to XRPL’s shift from a crypto-native network toward infrastructure used for institutional finance. A large part of that growth has come from Ripple’s fully backed stablecoin RLUSD, which is now listed on Binance.
Other products on the ledger are also growing, including tokenized funds, U.S. Treasuries, and credit instruments. XRPL now hosts more than $150 million in tokenized U.S. Treasury debt, up 2,900% from a year earlier. That is still a relatively small share of the wider tokenized Treasury market, but XRPL’s scalability, low transaction costs, and quantum-resistant security are drawing attention from financial institutions.
XRP remains sensitive to market swings. At the same time, the ledger’s on-chain milestones and institutional activity are becoming a larger part of the story behind the asset.