XRP range-bound as on-chain fundamentals strengthen and RWA tokenization outpaces Solana
XRP continues to frustrate trend traders: while its network metrics and institutional interest improve, the token’s market price is locked in a tight sideways band. The disconnect between fundamentals and price has widened even as XRP’s real-world asset (RWA) ecosystem has overtaken Solana’s by total tokenized value.
On Sunday, XRP changed hands around $1.4215, roughly 15% below this month’s peak. Over the past several sessions, volatility has collapsed, with price bobbing around the same levels despite a steady flow of positive on-chain and structural developments.
A major reason for this stagnation lies not with XRP specifically but with the broader market environment. Bitcoin, the asset that still sets the tone for most of crypto, has been drifting sideways near the $68,000 area for weeks, unable to break decisively higher or trigger a meaningful correction. Ethereum has been similarly subdued, trading below the psychological $2,000 level. In that kind of macro setup, altcoins like XRP tend to mirror the indecision, moving in tight ranges as capital waits on the sidelines.
Yet under the surface, XRP’s network and ecosystem look far from stagnant. Developers have recently rolled out a Permissioned DEX platform designed for institutions and regulated entities. This infrastructure allows companies to tap into decentralized finance while staying within legal and compliance boundaries, a key requirement for banks, asset managers, and corporates that cannot interact with fully permissionless systems. The launch followed the introduction of human-readable domains on the XRP Ledger, an upgrade that improves usability and lowers friction for end users.
One of the most striking growth stories on XRP is its push into real-world asset tokenization. Over the last 30 days, the total value of RWAs hosted on the XRP network has climbed about 23%, rising above the $2 billion mark. That puts XRP ahead of Solana in this specific segment, as Solana currently hosts around $1.7 billion in RWAs. It also surpasses the RWA footprint of other prominent chains such as Polygon and Stellar, underscoring XRP’s emerging role as a serious contender in the tokenization race.
This RWA expansion matters because it signals real economic activity rather than speculative churn. Tokenized assets can include everything from government and corporate bonds to real estate, private credit, and even revenue streams. As more institutions experiment with issuing and settling such assets on-chain, networks that provide regulatory-friendly rails and robust performance stand to gain a durable advantage. XRP’s growing share of this market suggests that some of that momentum is already shifting in its favor.
Institutional flows into XRP-based exchange-traded products reinforce this narrative. Spot XRP ETFs have seen consistent inflows in recent months, with more than $48.5 million in new assets added so far this month alone. That is over three times the roughly $15 million these products attracted in January. The contrast with Ethereum and Bitcoin funds is stark: while XRP vehicles are quietly accumulating capital, ETFs tied to BTC and ETH have been experiencing net outflows this month. For market observers, that divergence hints at a rotation or at least an exploratory bet by certain institutions that see upside in under-owned large-cap altcoins.
From a pure price-action perspective, however, XRP remains under pressure. On the daily chart, the token has been in a clear downtrend from its year-to-date high near $2.4180 and now trades around the $1.4230 zone. Price action is pinned below a key Murrey Math Lines pivot at $1.5625, a level that has effectively acted as a ceiling in recent attempts to rally. Trading under this major support-and-resistance band typically signals a market still dominated by sellers or cautious short-term players.
The technical picture is further weakened by XRP’s position relative to its moving averages and trend indicators. The coin currently trades beneath all major moving averages, which are often used by traders to gauge momentum and trend direction. In addition, the Supertrend indicator-frequently deployed as a trailing stop or trend filter-has flipped bearish and continues to hover above price, reinforcing the idea that rallies are being sold rather than sustained.
Sentiment turned notably darker after the formation of a gravestone doji candlestick on February 15. This pattern, which appears when price rallies strongly during a session but closes back near the open, is widely regarded as a bearish reversal signal. It reflects a failed attempt by buyers to maintain control and often precedes renewed selling or prolonged sideways movement. In XRP’s case, subsequent sessions have confirmed the hesitancy of bulls and the dominance of resistance overhead.
Given this setup, the prevailing scenario on many traders’ dashboards is still tilted bearish. If sellers maintain control and the broader crypto market fails to ignite a new leg higher, XRP could drift toward its year-to-date low around $1.1200, which currently stands as the main downside target. That level marks the lowest price point of the year and could act as a significant test of demand, with many swing traders eyeing it as a potential area for a reaction or short covering.
At the same time, the contrast between on-chain growth and price stagnation raises an important question: is XRP simply lagging the fundamentals, or is the market correctly discounting risks that the data does not capture? Macro uncertainty, regulatory overhang, and a cautious investor base post-bull market euphoria all contribute to a climate where good news often fails to translate into immediate price appreciation.
Regulation remains a particularly relevant variable for XRP. While the asset has moved past some of its most acute legal headwinds, ongoing oversight and future policy shifts around digital assets could affect how aggressively institutions deploy capital into its ecosystem. The very features that make the Permissioned DEX attractive-compliance, KYC frameworks, and controlled access-also highlight the delicate balance XRP must strike between decentralization and regulatory comfort.
The comparison with Solana adds another layer to the story. Solana has often been framed as a high-throughput, retail- and DeFi-friendly chain with strong traction in memecoins, NFTs, and consumer-facing apps. XRP, by contrast, is increasingly leaning into a more institutional and payments-centric identity, with RWAs and compliance-focused platforms at the core of its pitch. That XRP has surpassed Solana in total RWA value hints at a strategic divergence: rather than competing directly for the same retail narratives, XRP is trying to anchor itself in capital markets infrastructure.
For long-term investors, the current range-bound behavior can be interpreted in two ways. On one hand, it may signal a consolidation phase in which the market digests earlier gains and builds a base before a larger move. This is especially plausible if on-chain adoption, RWA growth, and ETF inflows continue on their current trajectory. On the other hand, if macro conditions worsen or if Bitcoin breaks down from its range, XRP could see its support levels tested, with the $1.1200 area a critical line in the sand.
Traders navigating this environment tend to focus on clearly defined levels. The $1.5625 Murrey pivot stands out as the key resistance that bulls need to reclaim to signal a potential trend shift. A decisive daily close above that zone, ideally accompanied by a move back above major moving averages and a flip in the Supertrend indicator, would strengthen the case for a sustained upside push. Conversely, repeated failures at this level, combined with a loss of intermediate supports, would keep the downside scenario in play.
The inflows into XRP ETFs could act as a slow-burning catalyst if they persist. Unlike retail-driven spikes in spot volume, institutional accumulation via funds tends to be more methodical and longer term. While it may not trigger explosive short-term rallies, it can gradually tighten supply on exchanges and support higher prices over a longer horizon. That effect is amplified if more tokenized RWAs settle on the XRP Ledger, as on-chain usage often correlates with a stronger fundamental floor for an asset.
Ultimately, XRP finds itself in a paradoxical position: on-chain and structural indicators are improving, its tokenization metrics have overtaken a major rival in Solana, and institutional vehicles are seeing renewed interest. Yet the market price reflects fatigue, caution, and a wider crypto environment stuck in neutral. Until Bitcoin and Ethereum break convincingly out of their ranges-or until XRP itself delivers a decisive technical breakout-this tension between fundamentals and price is likely to persist.
For now, the balance of evidence on the chart still leans toward caution, with a bearish bias toward the $1.1200 area. However, the steady progress in RWAs, infrastructure, and ETF flows lays the groundwork for a potential re-rating if and when market sentiment turns. XRP’s current range may thus be less a verdict on its long-term prospects and more a snapshot of a market waiting for its next major catalyst.