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XRP holds in a narrow range despite on-chain gains
XRP has traded sideways over the past several days even as key network fundamentals continue to improve. While the token’s price has shown limited movement amid a broadly quiet crypto market, Ripple’s ecosystem is seeing material growth in real-world asset (RWA) tokenization and continued interest in spot XRP ETFs.
XRP price chart
Why price is rangebound
The main reason XRP remains stuck in a tight band is macro market inertia. Bitcoin has been trading around the mid-$60Ks, and Ethereum remains under pressure below $2,000. When major assets hold steady, many altcoins — including XRP — often consolidate rather than trend hard in either direction. Short-term technicals have also tilted bearish, contributing to muted upside momentum.
Market-wide consolidation
With BTC and ETH lacking decisive direction, trading volumes across altcoin markets have cooled. That lower volatility is reflected in XRP's narrow intraday ranges and makes breakout attempts harder to sustain.
RWA TVL surge: XRP overtakes Solana
On-chain metrics tell a different story: the total value locked (TVL) tied to RWA tokenization on the XRP Ledger has climbed over 20% in the last 30 days. That surge pushed the network’s RWA holdings above $2 billion, surpassing Solana’s approximately $1.7 billion and outpacing other chains such as Polygon and Stellar.
Why RWA tokenization matters
Real-world asset tokenization brings traditional finance use cases — like tokenized securities, real estate, and invoices — onto blockchains. Growing RWA TVL signals institutional appetite and real utility for Ripple’s ledger, which can support regulatory-compliant asset representations that appeal to enterprises and funds.
Product launches bolster ecosystem
Development activity on the XRPL remains active. Recent releases include Permissioned DEX functionality designed for compliant DeFi participation by regulated companies, following the platform’s rollout of domain services. These features strengthen Ripple’s position in enterprise-grade tokenization and DeFi use cases.
Spot ETF flows and investor interest
Spot XRP ETFs have continued to attract assets, adding roughly $48.5 million this month — a rise from January’s inflows of about $15 million. This contrasts with outflows reported for some Bitcoin and Ethereum ETFs recently, highlighting differentiated investor demand for XRP exposure via regulated products.
Technical outlook and key levels
From a technical perspective, XRP has slipped from a year-to-date high near $2.4180 and currently trades around $1.42. The token sits below the Major S&R Murrey Math pivot at $1.5625, is trading beneath key moving averages and the Supertrend, and formed a gravestone doji on February 15 — a bearish reversal pattern. These signals point to downside risk in the short term, with the next notable support at the year-to-date low around $1.12.
What traders should watch
Watch daily closes above the Murrey pivot and recovery above moving averages for a bullish shift. Conversely, a sustained breakdown toward $1.12 would reinforce the current bearish technical bias. On-chain growth in RWA and ETF inflows, however, remain important fundamentals that can underpin longer-term bullish narratives for XRP and Ripple.
Source: crypto
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