XRP’s Institutional Onslaught: $4 Billion Tokenized, $1.48 Billion in ETF Inflows – But Price Still Trapped Below $1.10

Tokenized assets surge to $4B, Ripple gets EU license, but XRP trades 70% below ATH amid persistent technical weakness and holder losses.

The XRP ecosystem has never looked healthier on the operational side. Tokenized assets on the XRP Ledger have surged from roughly $150 million to over $4 billion in a single year, propelled by institutional demand and protocol upgrades such as MPTokensV1. Ripple secured a full CASP license under the EU’s MiCA framework on July 6, 2026, clearing the way for regulated crypto services across the European Economic Area. Meanwhile, US-based Made In USA Inc. has integrated the XRP Ledger into its supply-chain infrastructure to document product provenance and certifications – a move disclosed to the SEC on June 26.

Yet for all that institutional momentum, the token’s price tells a very different story. XRP is changing hands at $1.08, down 1.76% on the day and more than 70% below its all-time high of $3.65 from July 2025. The year-to-date decline stands at 42%, and over the trailing twelve months the cryptocurrency has lost 53% of its value. The 50-day moving average of $1.18 and the 200-day moving average of $1.47 both sit well above current levels, underscoring the persistent technical weakness.

ETF Flows Show a Candy-Striped Picture

Spot ETFs on XRP have attracted fresh capital for nine consecutive weeks, bringing cumulative inflows to roughly $1.48 billion since inception. Last week alone added $17.19 million, and June saw more than $62 million pour in despite the broader market’s risk-off tone. However, the most recent daily data from July 8 shows net outflows of $7.29 million — the largest single-day withdrawal since March, entirely concentrated in the Bitwise XRP ETF. The wallet count for these funds is approaching 8 million, yet daily active addresses on the network have slipped to around 15,300.

The divergence between persistent institutional buying and a stagnant spot price has left many traders scratching their heads. On Tuesday, XRP briefly broke above $1.14 and touched $1.158 on strong volume, only to be sold back down to $1.146. The failed breakout near the 50-day moving average suggests sellers are still firmly in control at these levels.

Holders Deep in the Red, Whale Activity Tells a Tale

The MVRV ratio — a gauge of the average profit or loss across holders — stands at minus 45% on a 30-day basis and minus 47% over one year. That means the vast majority of wallets that acquired XRP in the past year are sitting on substantial losses. The token is just 7% above its 52-week low of $1.01 recorded in late June, a hair’s breadth from a fresh floor.

On-chain data from CryptoQuant reveals a notable divergence between large and small investors. The whale-versus-retail spread across centralized exchanges sits at 50.9% overall, and at 44.6% on Binance alone, indicating that big holders are continuing to move coins off exchanges while retail participants remain cautious. At the same time, daily new wallet creations hit a three-month high, suggesting that new entrants are trickling in even as existing holders nurse losses.

Network Upgrade Progress, But Lags Remain

The XRP Ledger is pushing ahead with version 3.2.0. By July 9, 89% of core validator nodes had adopted the upgrade, comfortably above the 80% threshold required for activation. Yet the broader network is dragging behind: only 43% of all active nodes have switched to the new software, leaving many operators on older versions.

Beyond infrastructure, the ledger has also processed over one million AI-triggered trading transactions via the x402 protocol, and the Ripple-affiliated firm t54.ai has launched the XRPL AI Hub — a move that pushes the network beyond pure financial settlement into machine-driven commerce.

Where the Battle Lines Lie

The immediate resistance zone sits at $1.14 to $1.18, with a more formidable barrier near $1.20. A sustained break above $1.20 would open the path toward $1.29 to $1.30, an area that marked the origin of several prior downturns. On the downside, support is clustered between $1.00 and $1.05, with the $1.01 annual low acting as the final line of defense. The annualized 30-day volatility is roughly 37.68%, leaving room for sharp moves in either direction.

Santiment’s weighted sentiment indicator for XRP recently fell to its lowest level since October 2025. The analytics firm notes that the strongest recoveries in XRP’s history have typically begun right when the crowd had written it off entirely. That may offer a shred of contrarian hope, but for now the market’s verdict is plain: institutional adoption and tokenization records are not enough to lift a price weighed down by bearish technicals and widespread holder losses. The battle between $1.14 and $1.20 will decide whether the current pause is a launching pad or merely a rest stop on a longer descent.