Messari: XRP Slid in Q1 as XRPL Transactions, Stablecoins and RWAs Expanded

In Q1, XRP underperformed even as the XRP Ledger's on-chain indicators strengthened. XRP's market cap fell 26% QoQ to about $82 billion and its price dropped 27% to $1.34, while average daily XRPL transactions rose 35% from 1.83 million to 2.48 million. The quarter also saw RLUSD reach a $340.3 million XRPL market cap and tokenized real-world assets climb 124% QoQ to $2.25 billion.