XRP Ecosystem Surges With Stablecoin and ETF Inflows, Yet Token Price Stays Stuck Below $1.40

RLUSD stablecoin minting hits $275M weekly, XRP ETFs draw $22M inflows, and 4,300 new wallets added, yet XRP price remains stagnant below $1.42.

The XRP ledger is buzzing with activity on multiple fronts. Record volumes of the native stablecoin RLUSD are being minted, exchange-traded funds tracking XRP are drawing consistent institutional cash, and the network is adding thousands of new wallets each day. But the token itself continues to trade near $1.36, largely unmoved by these developments.

RLUSD, the regulated dollar-pegged stablecoin built directly on the XRP ledger, saw net inflows of more than $275 million over the past week. Minting totaled 354.4 million RLUSD while 78.7 million tokens were burned, creating the net addition. The biggest single day came on May 20, when 230 million RLUSD were issued and 30 million destroyed, with smaller batches in the days that followed. The stablecoin now commands a market capitalization exceeding $1.7 billion, and its integration at Binance — offering spot, margin, and earn products — has broadened access for traders.

The infrastructure gain for the XRP ecosystem is clear: native dollar liquidity on the ledger streamlines transfers, decentralized finance applications, and settlement. Yet the correlation between stablecoin expansion and token price remains absent. XRP traded at $1.35 in the primary report and $1.36 in the secondary, roughly 2.8% lower than the prior week and more than 60% below its 52-week high of $3.56.

Meanwhile, spot ETFs tracking XRP attracted $22 million in net inflows last week. The streak of zero outflows stretches back to April 30, running counter to a broader crypto fund downturn. By contrast, Bitcoin ETFs shed over $1.25 billion in the same period — their weakest week since January — and Ethereum funds lost $216 million without a single positive day since May 8. The resilience of XRP-focused products suggests allocators may be treating the token as a standalone position rather than a satellite bet on Bitcoin.

But on-chain activity is adding another dimension. Over 4,300 new wallets were created on the XRP ledger within a single 24-hour window, the fourth-largest daily increase so far in 2026. New users do not guarantee higher prices, but they signal expanding network engagement.

The price picture remains fragile. XRP has failed to break above $1.42, and after slipping to $1.30 — a six-week low — it now sits below its 200-day moving average of $1.68. To regain upward momentum, the token needs to reclaim the $1.40-to-$1.45 zone. If selling pressure intensifies, a drop below $1.27 could test the 52-week trough.

The widening gap between fundamental developments and token performance is the defining paradox for XRP right now. RLUSD liquidity is rising, ETF inflows are holding, and the user base is growing — but none of it has translated into sustained buying pressure in the spot market.