The growth in XRP tokenized treasuries is starting to stand out. This comes as the XRP price continues to stay under pressure. Data shows steady expansion in real-world asset activity on the XRP Ledger. It points to rising institutional usage. At the same time, new retail integrations are bringing XRP into everyday payments. The combination is shaping a different kind of momentum. But it is yet to show up in prices as well.
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Trading Volume Surges 5x to $352M as Adoption Accelerates Despite Price Down 55%

According to data shared by Evernorth, tokenized US Treasuries on the XRP Ledger have reached about $418 million. It is up from roughly $50 million a year ago. This marks an eightfold increase. Activity has also picked up. Treasury-related trading volume has hit around $352 million so far in 2026. This is compared to about $70 million for the whole of 2025.
It should be noted how these assets are just being issued but are actively moving across the network.
Data from RWA.xyz shows that total XRPL real-world assets have surpassed $3 billion. This is spread across about 300 projects. Justoken leads with around $1.8 billion in value. This is followed by RLUSD at about $397 million and Ondo at $323 million. Ondo’s tokenized treasury products are backed by BlackRock’s BUIDL fund, which further adds institutional weight to the trend.
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Rakuten XRP Rollout Expands Retail Access in Japan

Rakuten Wallet has also rolled out XRP functionality in Japan. This allows users to convert loyalty points into XRP and spend them across more than 5 million merchants. The integration connects XRP to a network of over 40 million users and expands its role in retail payments.

The overall market sentiment has responded well to these developments. Data from Santiment shows XRP’s bullish sentiment reaching a two-year high. This is driven in part by the Rakuten integration and overall adoption signals. The firm noted that such spikes tend to settle before any sustained price movement follows.
At press time, the asset was trading at $1.36 following a 1.79% drop over the past 24 hours.
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