XRP Ledger recorded a 22% increase in stablecoin supply over the past week, reaching $762 million on-chain, according to market analyst Xaif Crypto. The surge positions XRPL as the 15th largest blockchain by stablecoin supply, reflecting rising liquidity and capital inflows into the network. Stablecoins serve as a key measure of available liquidity and network activity across blockchain ecosystems.
XRP Ledger Stablecoin Supply Reaches $762 Million
Market analyst Xaif Crypto shared on X that XRPL's stablecoin supply increased by approximately 22% in just one week, reaching a total of $762 million on-chain. The figure now ranks the XRP Ledger as the 15th largest blockchain by stablecoin supply. Xaif Crypto noted that the recent increase highlights the growing movement of capital into XRPL as its stablecoin market expands.
XRP advocate Diana commented on the milestone, stating that the 22% increase suggests more than $142 million had entered the XRP Ledger within seven days. Diana also noted that stablecoin liquidity on the XRP Ledger has more than doubled over the past 30 days, indicating the latest spike was part of a broader expansion trend.
XRPL Outperforms Ethereum and Tron in Stablecoin Growth
Diana contrasted XRPL's performance with that of larger blockchain networks over the same period. According to the data she shared, Ethereum's stablecoin supply fell 2.05% over the past week, while Tron recorded a 0.51% decline. In comparison, XRPL posted a 22.87% increase, making it one of the strongest performers among major blockchain networks during the week.
The increase in supply indicates that XRPL is attracting a large share of stablecoin liquidity, enabling the network to compete more fiercely with top blockchain players in the market.
XRP Price Declines to $1.1 Amid Market Volatility
XRP is currently trading around $1.1, down by 5% in the past 24 hours and approximately 10% over the past week, according to CoinMarketCap data. Volatility and selling pressure continue to affect its market structure.
Market analyst Tom has forecast a rally toward a range as high as $15-$18 for XRP after the CLARITY Act passes and institutional adoption of the cryptocurrency accelerates. Tom noted that this projected surge would represent a more than 1,100% gain in the XRP price from current levels.
FAQ
What caused the XRP Ledger stablecoin supply to increase by 22%?
Market analyst Xaif Crypto attributed the 22% increase in XRPL stablecoin supply over the past week to growing capital inflows and rising adoption, with more than $142 million entering the network within seven days.
How does XRP Ledger's stablecoin performance compare to Ethereum and Tron?
XRP Ledger recorded a 22.87% increase in stablecoin supply over the past week, while Ethereum's supply fell 2.05% and Tron's declined 0.51% during the same period, according to data shared by XRP advocate Diana.
What is the current XRP price?
XRP is currently trading around $1.1, down 5% in the past 24 hours and approximately 10% over the past week, according to CoinMarketCap data.
