XRP daily transactions surge to 3M as investors question Ripple’s $50B valuation
XRP Ledger (XRPL) activity spiked in March 2026, with daily transactions rising to roughly 2–2.8 million (peaking near 3 million) — nearly triple mid‑2025 levels. On‑chain data shows up to 27,000 active AMM pools supporting over 16,000 tokens and about 12 million XRP deposited, while tokenized real‑world assets on the ledger exceed $460 million. Despite heavy transaction volume, XRPL’s total value locked is modest (~$48.4M), and trading/transfers outweigh staking or locks. XRP’s market cap sits near $84B, but price has fallen over 60% from highs and was trading around $1.40 at publication. Separately, Ripple’s corporate valuation rose to about $50 billion after a $750M share buyback from employees and shareholders; the company has expanded into prime brokerage, custody and payments through acquisitions (Hidden Road, Rail, GTreasury, Palisade) and now operates as Ripple Prime with ~75 licenses worldwide. Investors are concerned the company’s growing non‑token business and large treasury value weaken the direct demand case for XRP, leaving retail holders and social‑media supporters as primary price drivers. Near‑term technical resistance sits near $1.42 (61.8% Fibonacci) with support around $1.36–$1.38. Analysts cited in the article project a possible rise to $2.43 by end‑2026, but current market conditions and sector rotation limit immediate catalysts.
Neutral
The news mixes strong on‑chain growth (transaction volume, AMM pools, tokenized assets) with weak demand signals (low TVL relative to market cap, price down >60%). High transaction throughput and AMM expansion are positive fundamentals for network utility, potentially supporting long‑term adoption. However, Ripple’s $50B corporate valuation and diversification into non‑token services reduce the narrative that corporate needs will directly lift XRP demand. The current price action — modest decline and lack of fresh catalysts — suggests limited immediate impact on bullish price momentum. Traders may see short‑term volatility around technical levels ($1.36–$1.45) as liquidity and sector rotation drive flows. Historically, networks with rising on‑chain activity but low TVL (compared with market cap) have not reliably produced sustained rallies without clear demand drivers (e.g., token burns, adoption tied to fees/revenue). Therefore, expect neutral-to-mixed market reaction: short‑term range trading and volatility, while longer‑term outlook depends on whether XRPL activity converts into measurable economic demand for XRP or if Ripple’s corporate growth further decouples the token from the company’s value.