Stellar holds about $3.5B in tokenized assets, yet XRP's market cap is nearly 13 times XLM's. Here's why tokenization growth doesn't equal token demand.
Ether rose nearly 3% to about $2,511, while XRP and HYPE also gained Tuesday after sharp losses in the previous session.
Evernorth's Nasdaq debut offers brokerage access to XRP, but its $677 million treasury, thin float and dilution risks complicate XRPN for investors.
XRP's coin-margined long share by position rose 15.12 percentage points on Oct. 13, while Dogecoin fell 10.78 points. USDT-margined account shares weakened across major assets.
XRP Ledger activity is picking up again. Payment volume on the network jumped 153.9% in the last 24 hours and reached 363.3 million XRP, according to XRPScan data.
RLUSD's growing institutional role could expand XRPL adoption, but XRP still needs stronger market demand.
Ripple's expansion on Wall Street calls into question the market link between the company and the token historically associated with it. In October 2026, Standard Chartered's launch of a custody service for Ripple's stablecoin, Ripple USD (RLUSD), outlined the contours of a new era.
Evernorth named former Coinbase Asset Management co-CIO Hugo Jeandesboz to run its 473 million XRP treasury on debut day, and XRPN still closed at $16.91, 68% below its $53 high. The Hire Nobody Was Pricing in Evernorth used its first day as a Nasdaq-listed company to name Hugo Jeandesboz as its chief investment officer (CIO).
The flaws affected Batch transaction validation and XRP arithmetic. No evidence showed the payment-engine vulnerability had been exploited on a public network.
XRPN traded 1.29 million shares during its debut session, while XRP's daily volume rose 107% to about $2.17 billion in the same period.
XRP remained above its 200-day average but traded below shorter-term trend measures as derivatives open interest rose during the decline.
At $1.37, XRP would need to rise about 265% to reach $5, valuing its circulating supply at roughly $315.5 billion.