XRP Price Remains Stagnant Amid Network Growth

The XRP price has been experiencing a period of consolidation, with minimal movement in recent days. According to data, the token was trading at $1.4215 on Sunday, down by 15% from its highest level this month.

This stagnation is largely attributed to the broader crypto market's current state. Bitcoin and most altcoins are in a tight range, with Bitcoin hovering around $68,000 for several weeks. Ethereum's price remains below $2,000.

Despite these market conditions, the XRP network continues to show growth. The total value locked in its RWA (Real-World Asset) network has jumped by over 20% in the last 30 days, reaching a new high of $2 billion. This metric surpasses Solana's $1.7 billion and is significantly higher than other networks like Polygon and Stellar.

The growth of XRP's RWA ecosystem is notable, with assets increasing by 23% in the last 30 days. Additionally, spot XRP ETFs have seen significant gains, adding over $48.5 million in assets this month.