Resilience during a risk-off environment is often viewed as an early bullish signal.
Few assets exemplify this better than $XRP. From a technical perspective, $XRP has been consolidating around the $1.15 level for nearly two weeks. Although this has occurred alongside Bitcoin [$BTC] holding near $65,000, $XRP’s ability to maintain its range suggests underlying strength beyond the broader market’s stability.
The setup becomes even more interesting when looking at the on-chain data. On the accumulation side, $XRP addresses holding 100-1 million $XRP have been steadily distributing their holdings over the past sixty days. It’s also worth noting that a large share of the >1 million $XRP wallets likely belongs to long-term OG holders.
Source: X
Interestingly, this wave of distribution has coincided with a nearly 15% correction in $XRP over the same period. Yet despite the selling pressure, $XRP has managed to hold the $1.15 area, indicating that the market is absorbing supply relatively well.
The story gets even more compelling when looking at Ripple’s DeFi ecosystem. XRPL’s total value locked (TVL) has been trending lower since peaking at nearly $120 million in July 2025. According to DefiLlama, TVL now sits at around $39 million, a decline of roughly 67% in less than a year.
Normally, weakening DeFi activity would weigh on sentiment. Instead, Ripple [$XRP] continues to defend a key range, reinforcing the idea that underlying bid may be stronger than the headline metrics suggest.
$XRP holds firm as XRPL’s RWA momentum accelerates
Calling XRPL’s DeFi setup outright weak may be a bit premature.
Yes, TVL has been trending lower, but the network’s stablecoin supply continues to move in the opposite direction. In fact, total stablecoin supply on XRPL recently hit a new all-time high of $785 million, rising more than 2% over the past week and attracting roughly $17 million in net inflows.
On its own, that doesn’t necessarily signal a major shift. However, when combined with XRPL’s recent momentum in real-world assets (RWAs), the picture starts to look more constructive. Over the past ninety days, $XRP Ledger has attracted $1.9 billion in net RWA inflows, outperforming every major blockchain tracked.
Source: RWA.xyz
Further reinforcing this trend, $XRP ETF flows have remained positive.
According to SoSoValue, Ripple ETFs have recorded roughly $150 million in net inflows over the past 60 days. Taken together, rising on-chain liquidity, strong RWA inflows, and steady ETF demand suggest capital continues to flow into the $XRP ecosystem, helping explain the asset’s resilience despite broad distribution and persistent selling pressure.
If these trends continue, the possibility of an $XRP/$BTC breakout once the market shifts back into risk-on mode can’t be dismissed.
Final Summary
$XRP holds steady despite selling pressure, showing strong underlying demand.
RWA growth and steady inflows suggest rising institutional interest in XRPL.
