XRP Price Falls Amid Divergence Between Fundamentals and Technicals

XRP's price has declined despite a significant increase in its total supply and tokenized RWA value. According to a recent report, XRP boasts one of the best Q2 setups in terms of on-chain fundamentals, with a 102% growth in stablecoins and tokenization.

However, this strength hasn't translated into price action, creating a fundamental-technical divergence that could shape XRP's Q3 setup. The report reveals that XRP's total payment volume has declined by 26.6% compared to the previous quarter, with transaction numbers and active addresses also dropping.

The market appears to have underestimated XRP's potential, leading to a 22% decline in price over the last quarter. As Ripple continues to grow its stablecoin liquidity and tokenization, it's unclear whether this trend will continue into Q3.