XRP transactions triple to 3M daily as investors question Ripple’s $50B valuation

According to on-chain data, $XRP Ledger daily transactions have surged to approximately 3 million in March 2026. This is nearly a triple spike from 1 million in mid-2025, driven by tokenized real-world assets exceeding $460 million in value.

According to the data presented by XRPSCAN, the network currently processes between 2 and 2.8 million transactions daily, reaching a peak of 20 to 26 transactions per second. In addition, the number of automated market maker pools has exploded to 27,000 active pools, supporting over 16,000 unique tokens.

$XRP Ledger daily transactions bring Ripple adoption home

As shown by the data, the rising XRPL activity is being driven by RLUSD and other assets using $XRP as a bridge. However, it doesn’t create demand for the token.

While there are a lot of transactions, it doesn’t compare to ETH or SOL. According to DeFiLlama, the total value locked for XRPL is at $48.41 million. This represents the entire DeFi system on the network. The token has a market capitalization of $84 billion.

XRPL’s total value locked. Source: DeFiLlama.

The reality of the AMM pool growth, as evidenced by 27,000 pools and 12 million $XRP deposited, is present. However, the dollar value of the same pools and deposits represents a thin figure relative to the size of the token’s market.

Nonetheless, a key indicator suggests a different reality. Trading and transferring activities far outweigh the staking or locking of the token.

The evidence points to a reality where the value of the $XRP token is a function of external speculations. The $XRP army remains the backbone of price movements and loud social media presence.

Ripple’s $50bn valuation stirs up more questions among users

While the price of $XRP is down by over 60%, Ripple’s financials have never looked better. Ripple is now worth almost twice as much as stablecoin behemoth Circle.

This comes after Ripple’s valuation rose to $50 billion following the purchase of shares from employees and shareholders for $750 million.

On the other hand, Ripple is no longer focusing just on tokens. After acquiring several companies in 2025, Ripple is now offering prime brokerage services, crypto custody, and payment rails.

The company, now called Ripple Prime, acquired the crypto prime brokerage firm called Hidden Road. It went on to acquire a stablecoin infrastructure company called Rail, GTreasury, a company that offers treasury services, and Palisade, a crypto custody company.

Ripple’s treasury, as of March 2024, had a combined valuation of $27.5 billion, most of it locked in escrow. The company stopped reporting its $XRP holdings in May 2025.

As of now, Ripple has about 75 licenses and registrations worldwide. Ripple’s business aspect hardly relies on its coin, which leaves investors worried that they are the only ones pushing for $XRP’s recovery.

$XRP price dips amid network growth

According to CoinMarketCap data, $XRP is currently trading at $1.40 after declining by 0.60% over the last 24 hours. This decline is underperforming the slightly softer market. This dip is caused by the lack of any significant positive drivers at the moment, as well as some sector rotation and technicals.

As reported by Cryptopolitan, $XRP price prediction suggests that the coin’s price will rise to $2.43 by the end of 2026.

$XRP price movements in the last 24 hours. Source: TradingView.

Currently, no significant negative or positive news is pushing the $XRP market. Recent positive developments—like Ripple’s $750M share buyback and XRPL upgrades—are already priced in or occurred earlier. As the broader market cap is down 0.36%, the slightly deeper decline of the $XRP market suggests that it didn’t have any unique factor to move differently from the market.

Also, the Altcoin Season Index declined by 4.76% within the last 24 hours, which might be a sign that capital is being redistributed away from altcoins such as $XRP. In addition, the price is facing resistance near the 61.8% Fibonacci retracement price of $1.42.

The near-term outlook will be determined by whether $XRP can maintain its current position above the region between $1.36 and $1.38. This region coincides with the 78.6% Fibonacci retracement. Holding this region will allow $XRP to retest the region between $1.42 and $1.45.