XRP Adoption Skyrockets Amid Price Plateau

XRP's price has been stagnant despite significant adoption gains. The token is currently trading around $1.49, down 7% in a week.

CSD BR, which oversees over $4 trillion of registered assets in Brazil, has begun using the XRP Ledger to record ownership changes for selected BTG Pactual investment funds. However, the $4 trillion itself is not being transferred onto XRP Ledger.

Veteran trader Peter Brandt noted that just because something is transactional doesn't mean it's automatically more valuable. Institutional demand for XRP exposure is real, with US spot XRP ETFs drawing in $3.96 million on Monday after taking in $22.65 million the previous Friday.

The adoption gains are not translating one-for-one into purchases of XRP, and the token has struggled to sustain moves through the $1.55 to $1.60 region. The macro environment is also a challenge, with surging US Treasury yields making government bonds more attractive while raising the hurdle for speculative assets.