XRP Price Falls Despite XRPL Growth in Q2

The XRP price fell by 19.9% in Q2 of 2026 despite significant growth in the XRPL ecosystem, according to Blockworks' State of XRP: Q2 2026 report.

The report highlights strong adoption and expansion across various sectors, including stablecoins, tokenized RWAs, institutional products, and derivatives. Stablecoins on XRPL surged to $825.5 million in the second quarter, with RLUSD reaching $676.9 million - a 256% increase from the previous quarter.

Stablecoin transfer volume also saw a significant jump, reaching $10 billion (207% higher than Q1), while tokenized RWA value rose to $4.46 billion (102% growth). Global XRP ETP inflows topped $253 million in Q2, up 45% from the previous quarter.