XRP Demand Grows Across Several Key Markets
XRP is seeing stronger demand from several major areas at the same time, according to Evernorth, a Ripple-backed digital asset treasury firm.
The company pointed to rising activity in real-world asset tokenization, steady XRP ETF inflows, growing institutional interest, and a sharp increase in new XRP wallets.
This comes as the XRP price has recently shown signs of recovery after a period of market weakness.
RWA Tokenization on XRPL Sees Major Growth
Evernorth said that tokenized real-world assets on the XRP Ledger have grown from around $150 million one year ago to more than $4 billion today.
This is a major increase, especially during a difficult period for the wider crypto market.
The firm also noted that more than 500 tokenized products are now active on XRPL. Some of the largest tokenized assets include JMWH and the Ondo Short-Term Government Bond Fund, which together represent nearly $2.5 billion in value.
XRP Ledger Used for Tokenized Treasury Settlement
Evernorth also highlighted recent progress in institutional settlement on the XRP Ledger.
JPMorgan, Ripple, Mastercard, and Ondo Finance recently completed a cross-border tokenized treasury settlement on XRPL. The transaction reportedly settled in about four seconds.
According to Evernorth, this shows how XRP and XRPL are attracting capital inflows from the growing RWA tokenization market.
XRP ETFs Record Steady Inflows
Evernorth also pointed to spot XRP ETFs as another source of demand.
The firm said XRP ETFs have recorded consistent inflows compared with Bitcoin and Ethereum ETFs. Spot XRP ETF inflows have now reached an eight-week streak, with cumulative net inflows of around $1.49 billion.
Last week alone, XRP ETFs recorded about $17.19 million in total inflows.
However, Evernorth noted that the XRP ETF market is still smaller than the tokenized RWA market. Even so, the inflows suggest growing institutional participation.
Institutional Interest in XRP Expands
The steady ETF demand shows that more traditional finance investors may be gaining exposure to XRP.
Evernorth said this trend helps connect traditional finance with the crypto market. Total net assets under management for XRP ETFs have reached around $1.05 billion.
This signals that XRP is no longer being driven only by retail traders. Institutional demand is becoming a larger part of the market story.
New XRP Wallets Rise Sharply
XRP also saw a strong increase in new wallets last week.
According to Evernorth, new XRP wallets rose from 18,100 to 26,000 within a few weeks. This marks the highest weekly number since March.
The rise in new wallets suggests growing network interest and stronger user activity on the XRP Ledger.
XRP Price Recovers as Trading Volume Jumps
The XRP price recently recovered by more than 14% before giving back part of those gains.
At the time of the report, XRP was trading around $1.13, with a 24-hour low of $1.11 and a high of $1.16.
Trading volume also increased by nearly 50% over the previous 24 hours, showing stronger market activity.
XRP Futures Market Shows Fresh Buying
Derivatives data also pointed to renewed interest in XRP.
According to CoinGlass, total XRP futures open interest rose to around $2.38 billion in the last four hours. Open interest on CME increased by more than 3%, while Binance also recorded a smaller rise.
Overall, Evernorth believes XRP is benefiting from several demand drivers at once. These include tokenized real-world assets, ETF inflows, institutional adoption, new wallets, and stronger derivatives market activity.
