XRP Ledger’s Dual Institutional Push: Green Power Tokens and Mastercard Settlement as Price Languishes

XRP Ledger sees real-world adoption with Japan's green certificate tokenization and Mastercard's RLUSD settlement, yet XRP price falls to $1.14 amid sell-off.

The XRP Ledger is quietly expanding its footprint in the real economy, picking up two distinct institutional use cases this week that underscore its versatility beyond speculative trading. Japanese firm Digital Platformer has kicked off a pilot to tokenise solar-power certificates on XRPL, while Mastercard has rolled out RLUSD settlement for card payments – yet the token itself is plumbing fresh lows near $1.14.

Green certificates go on-chain in Japan

Digital Platformer announced on 3 June 2026 a demonstration project that issues and trades digital certificates for green electricity using the XRP Ledger’s Multi-Purpose Token (MPT) feature. The scheme chops solar generation into 30-minute intervals, with each unit recorded as a time?limited digital token. Partner I-Grid Solutions, which had developed roughly 1,422 rooftop solar arrays totalling about 360 megawatts by the end of April, provides the industrial backbone.

The MPT tokens carry on-chain metadata such as generation time, energy type and region, improving traceability – a long?standing headache for renewable energy certificates. The pilot runs until the end of March 2027 in the city of Sakai, where I-Grid signed a cooperation agreement with Keio University to test hourly matching of supply and demand using EnergyTag standards. Digital Platformer plans to later expand the platform to carbon credits, environmental certificates, digital securities and regional assets, positioning XRPL as an infrastructure for verifiable asset tokenisation rather than a trading venue.

Mastercard plugs RLUSD into settlement

On the payments front, Mastercard has launched a 24/7 on?chain settlement system that supports six regulated stablecoins across eight blockchains. RLUSD, Ripple’s dollar?pegged token, is among them, with the XRP Ledger explicitly listed as a supported network. First partners include Cross River Bank, Lead Bank and Nuvei, mainly covering the US and Latin America. Ripple’s Jack McDonald called the move a milestone for blockchain?based payment infrastructure.

Reports are also circulating about a planned stablecoin consortium involving Mastercard, Visa and Stripe, aimed at standardising on?chain liquidity management. Though still unconfirmed, the rumour adds to the sense that mainstream finance is slowly anchoring itself to XRPL rails.

Price plunges as market sentiment sours

None of this has shielded XRP from a brutal sell?off. The token hit an intraday low of $1.14, its weakest in four months, before nudging back to roughly $1.17?$1.18. A broader risk?off triggered by geopolitical tensions – specifically reports of drone strikes on Kuwait’s airport – sent Bitcoin below $63,000 and sparked $25 million in XRP liquidations in a single day, 96% of them long positions. The key support at $1.25 gave way, and technical indicators look bleak: the relative strength index sits at 23?24, deep in oversold territory, and the price is below both the 50? and 200?day moving averages. Analysts flag $1.14 as the line in the sand; a break could open the door to $1.10.

Even exchange?traded funds are feeling the chill. On 3 June, XRP ETFs recorded net outflows of $5.34 million, with the Bitwise XRP ETF shedding $4.06 million and the Grayscale product losing about $700,000.

Under the hood: network activity surges

Yet the price chart tells only part of the story. Daily transactions on the XRP Ledger have tripled from roughly one million in mid?2025 to nearly three million. The value of tokenised assets on the ledger has ballooned to $3.68 billion – a gain of more than 340% since January 2026. Platforms such as Justoken (energy assets) and Ondo Finance (tokenised Treasuries) are driving much of that growth.

The Coinbase order book reveals a striking divergence: buy orders outnumber sell orders by a ratio of 7:1, which market watchers interpret as possible institutional accumulation via automated limit orders. The fundamental build?out – green certificates, Mastercard settlement, surging tokenised volumes – stands in stark contrast to the price action. Whether the $1.14 floor holds will likely become clear in the coming sessions, but the ledger’s utility expansion is proceeding regardless of the daily candle.