Strongest Argument Against XRP, Expert Says was never about technology; this is proof that the XRP Ledger is doing something outside of XRP price movements. XRP continues to be judged almost entirely by its price, but this perspective is becoming increasingly difficult to maintain.
A crypto expert known as X Finance Bull on true adoption of XRP is already seeping in.
The XRP numbers that no one is looking at
XRP briefly rose above $1.50 and touched $1.60 last week, but this move was rejected and the price has since fallen back to the low of $1.40. Despite price developments, many analysts remain optimistic based on the adoption potential of XRP. At the time of writing, XRP is trading at $1.42, which is why many investors still feel like adoption hasn’t happened where it matters most.
This is the X Finance Bull gap focused on in his article on According to the figures it shared, XRPL now holds over $804 million in real assets distributed across five classes, led by $399.9 million in stablecoins and $277.5 million in tokenized US Treasury debt.
The image attached to his post also places business credit at $82 million, asset-backed credit at $23.9 million, and active strategies at $21 million.
XRP ledger numbers. Source: @Xfinancebull On
Stablecoins and Treasury products do the heavy lifting
The most interesting line item in the data is stablecoins. As noted by X Finance Bull, real asset tokenization in the stablecoin category has soared to $399.9 million, up almost 50% over the past few months, with the majority of inflows based on RLUSD.
Additionally, XRPL is now a major venue for token exposure to the Treasury. According to to a February reportdata from RWA.xyz showed that the XRP Ledger held approximately 63% of the circulating supply of OpenEden’s TBILL product at the time.
This treasure the position continued to grow. In February, Doppler Finance and OpenEden announced a partnership to increase the RWA yield of XRPL via TBILL and USDO, a yield-bearing regulated stablecoin.
These numbers are important for XRP price action and adoption because they shift the conversation away from retail enthusiasm and infrastructure. Many traders are overlooking the fact that capital continues to decline in XRPL-backed securities despite the current poor market conditions in 2026.
Interestingly, daily transactions processed on the XRP ledger also tripled in the past year. All this clearly demonstrates that institutional adoption is already a reality. happens at the infrastructure level. However, XRP’s price performance in 2026 has not reflected the on-chain activity described above.
Featured image of Dall.E, chart by TradingView.com
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