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XRP price hovers near $1 amid strong stablecoin growth but weaker trading activity in Q2

Protocol Fundamentals
19 Aug 2026
Crypto news
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Neutral
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XRP price stayed close to $1.00 in August after Q2 data showed a 195% rise in XRPL native stablecoin supply to $825.5 million, driven mainly by RLUSD. Tokenized asset value on the XRP Ledger hit a record $4.46 billion, though transferable assets fell to $386.1 million. Despite $253.6 million inflows into XRP exchange-traded products, trading volumes and ledger activity declined significantly, with XRP price down nearly 20% in Q2. Future price recovery depends on increased ledger usage and approval of new lending features on XRPL.

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