The post XRP Ledger activity is hitting records, but why are xrp prices down 62% from peak appeared on BitcoinEthereumNews.com.

The XRP Ledger has never been busier, but traders are yet to catch up. Daily successful payments on XRPL recently hit a 12 month high of over 2.7 million, up from roughly 1 million in late 2025, according to XRPSCAN data. The network is processing between 2 and 2.8 million transactions per day at 20 to 26 transactions per second. Automated market maker pools have exploded to nearly 27,000 active pools supporting more than 16,000 unique tokens. Tokenized real-world asset value on the ledger climbed to $461 million, up 35% in the past 30 days, per RWA.xyz. Stablecoin transfer volume over the same period hit $1.19 billion. XRP is trading at $1.37 and is down 26% year-to-date. It’s 62% below its late-2025 high of $3.65. That gap between what the ledger is doing and what the token is doing is the most important thing happening in XRP right now, and it’s a question the market hasn’t answered yet. The standard crypto thesis is that network activity drives token value. More usage means more demand for the native asset, which pushes price higher. It’s the framework that worked for Ethereum during DeFi summer and for Solana during the meme coin boom. But XRP is breaking the pattern. Every metric that should matter for a utility token is up, but the price is down. The most likely explanation is structural. XRPL’s growing activity is increasingly driven by RLUSD, Ripple’s stablecoin, and tokenized assets that flow through XRP as a bridge currency but don’t create sustained demand for the token. A payment that uses XRP for three seconds to settle a cross-border transaction between fiat currencies doesn’t generate the same kind of buy pressure as someone staking ETH for months or locking SOL in a DeFi protocol. The network gets busier, but the…

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Filed under: News - @ March 14, 2026 2:19 am