What’s Going Wrong With XRP? Expert Points To 2 Major Bearish Flips In These Key Metrics
XRP bounced briefly after last week’s drop to about $1.04, trading near $1.18, but its tokenization narrative faces fresh pressure. Two key XRPL metrics weakened over the past 30 days: total tokenized assets on the network fell 11% to about $384.5 million, and XRPL’s tokenized-asset transfer volume dropped 59% to roughly $54.1 million. XRPL’s share of the tokenized-asset market also slipped to just above 1%, suggesting other chains are gaining ground. The concern is not just lower asset value, but reduced on-chain activity, which weakens the case for XRP as a leading institutional tokenization play. Still, not all XRPL data is negative: RWA holders rose 275% to 105, and stablecoin transfer volume increased 118% to $4.5 billion. The warning is conditional—if tokenized asset volume and holdings keep falling over the next quarter, the bullish XRP thesis could lose credibility.
