XRP
June 30, 2026
XRPL Lending Protocol Enters Final Voting Stage as XRP Targets $1.20 in July
- Ripple’s XRP adoption barely expanded this week despite the company strengthening ties with Deutsche Bank and Nigeria’s $92 billion crypto market
- XRP is down 44% in 2026 because every Ripple deal runs on RLUSD, not XRP — none of Ripple’s five African partnerships use On-Demand Liquidity with XRP yet
- RLUSD crossed $1B in market cap in under a year and drove $2.5B in XRPL settlement volume in July 2026, doing the settlement work institutions expected XRP to do
Ripple’s biggest announcements this week had very little to do with XRP’s price. Ripple expanded its enterprise footprint through adoption deals tied to Deutsche Bank and Nigeria without XRP’s major presence. On paper, it’s exactly the kind of momentum investors have waited years to see. Yet XRP is still trading sharply lower in 2026. That gap says more about Ripple’s business model than the market itself.
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Why Every Ripple XRP Adoption Deal in 2026 Runs on RLUSD and Not XRP
Ripple has spent years convincing banks to modernize cross-border payments. Now those efforts are starting to show up in places that matter. Reports this week said Deutsche Bank’s Ripple integration is expanding into cross-border payments, foreign exchange, multi-currency accounts, and digital asset services.
The German lender has been exploring several blockchain payment networks. Ripple appears to be one of the rails being tested. But none of the reporting suggests Deutsche Bank is settling payments with XRP.
A similar story is unfolding in Africa. Nigeria remains the continent’s largest crypto market after processing about $92 billion in on-chain transaction volume, according to Chainalysis. Ripple has been building its presence there through partnerships involving custody, payments and the RLUSD stablecoin, rather than XRP-based settlement.
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RLUSD Is Becoming Ripple’s Preferred Settlement Asset
The company no longer needs banks to hold XRP to use its network. RLUSD stablecoin crossed $1 billion in market value in less than a year. It has quickly become Ripple’s preferred settlement asset for institutions. For banks managing billions of dollars, using a dollar-backed stablecoin is a much easier sell than relying on a token that can swing several percentage points in a day.
This helps explain why Ripple institutional adoption continues to grow while XRP has struggled. The asset has fallen roughly 50% this year. At press time, XRP was trading at a low of $1.14.
The same applies to XRP in Nigeria. Ripple’s partnerships across the region currently focus on stablecoin distribution, custody services, and payment infrastructure. None have confirmed the use of XRP’s On-Demand Liquidity product.
Ripple is clearly winning enterprise business. But whether those wins eventually create sustained demand for XRP remains the question the market hasn’t answered yet.
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