Trillions in Real-World Assets Heading to Blockchains
By 2030, a significant amount of real-world assets, valued in trillions of dollars, is anticipated to migrate to blockchains, with Ripple aiming for the XRP Ledger (XRPL) to capture a substantial portion. Currently, XRPL boasts $2.3 billion in tokenized assets, surpassing Solana and Polygon regarding total on-chain value. However, XRP’s price is currently at $1.40—a decline of 30% over the year—largely because most tokenization activity is conducted using stablecoins rather than XRP.
Challenges in XRP’s Price Growth
This disparity fuels the ongoing discussion surrounding XRP’s price predictions. While the rate of tokenization on XRPL is accelerating beyond expectations, the token itself remains stagnant. For XRP to rise to $10, it must evolve into a liquidity layer that connects these tokenized assets, rather than continuing as merely a low-cost transaction fee token.
The Surge of Tokenization on XRPL
As of early 2026, XRPL has hosted around $2.3 billion in tokenized real-world assets, increasing from $991 million earlier in the year. XRPL now ranks second in RWA (real-world asset) growth over 30 days, behind only Arbitrum, and has outperformed larger blockchain networks in total on-chain value. Archax, a UK-regulated digital securities exchange, plans to bring $1 billion in tokenized assets to XRPL by mid-2026.
Product Concentration and Institutional Record-Keeping
Most of the $2.3 billion in assets is concentrated in just a few products. For instance, Justoken’s JMWH—a tokenized energy asset—accounts for $861 million alone. Despite new bonds and stablecoins being issued, only a minimal number of wallets hold RWA tokens across the ledger. Nearly $1.49 billion of XRPL’s value involves “represented” assets that merely track internal records rather than facilitate an active trading market.
Does Tokenization Drive XRP Demand?
Transaction fees on XRPL are extremely low, resulting in minimal XRP demand despite increasing transactions. As of now, only a small amount of XRP is burned daily. Additionally, reserve requirements for XRPL accounts lock up XRP, but these reserves are insignificant given the current user count. To truly leverage tokenization, XRPL will need to attract millions of accounts to utilize its features.
Competing in the Tokenization Market
XRPL faces stiff competition from platforms like Ethereum, which holds around $15.4 billion in tradable tokenized assets. Ethereum’s liquidity and robust developer community far exceed XRPL’s current position. Other platforms, like Arbitrum and Stellar, also pose challenges with their own offerings and growing market presence.
Path to a $10 XRP
For XRP to achieve a price of $10, its market cap would need to hit approximately $610 billion. Achieving this price necessitates XRPL hosting substantial on-chain value with significant trading activity in XRP pairs. While XRP currently serves as an essential bridge currency for most DEX trades, daily trading volumes remain under $8 million. If institutional trading picks up on XRPL, a $10 XRP could become a reality, but if stablecoins continue to dominate, XRP may only reach $3 or $4 by the end of the decade.
