XRP price holds $1 as ETPs draw $253.6M in Q2 inflows

XRP price traded near $1.00 on Aug. 19 as new Q2 data showed rapid stablecoin and tokenized asset growth on the XRP Ledger alongside weaker trading and user activity. Summary XRPL native stablecoin supply rose 195.4% quarterly to $825.5 million, led by rapid RLUSD expansion. Reported tokenized asset value reached $4.46 billion, though transferable assets declined to $386.1 million quarterly. XRP ETPs attracted $253.6 million despite quarter-end assets falling alongside the token’s 19.9% price decline. XRPL transactions fell 6.5%, while native decentralized exchange volume declined 35.9% during the quarter overall. XRP price remains near $1.00, below its Bollinger midpoint, with momentum still under neutral territory currently. The Blockworks State of XRP report said XRPL-native stablecoin supply rose 195.4% during Q2 to $825.5 million. Reported tokenized real-world asset value increased 102.5% to a record $4.46 billion. Those infrastructure gains did not translate into a higher XRP price. XRP ended Q2 at $1.04, down 19.9%, before slipping closer to $1 during August. XRP price remains fragile around the $1 support level XRP price traded between approximately $0.994 and $1.01 during ...