Ripple’s XRP Beats Ethereum in $259M Treasury Race: Here’s Why It Matters

June 21, 2026

Ripple Launches XRPL EVM Sidechain – RLUSD Expands Across Smart Contract Ecosystems

XRP has been stuck between $1.10 and $1.30 for weeks now. Sellers took back control after the Federal Reserve sounded more hawkish, pushing the token back down toward $1.16.

The technicals don’t look great either, XRP is trading below its 50-day, 100-day, and 200-day exponential moving averages, which are all bunched up between $1.27 and $1.58.

On-chain data adds another wrinkle. Large holders have been moving tens of millions of XRP onto exchanges, which means more supply is hitting the market. That’s not usually a bullish sign. Also, delays surrounding the CLARITY Act have left regulatory uncertainty hanging over the market.

Yet beneath the sluggish XRP price action, institutional adoption of the XRP Ledger continues to advance. The latest example comes from Ondo Finance’s tokenized Treasury fund, where XRPL has now moved ahead of Ethereum.

What you'll learn 👉

XRPL Overtakes Ethereum in Ondo’s Treasury Fund

A post from crypto analyst Xaif Crypto drew attention to a notable milestone for the XRP Ledger. Data from Ondo Finance’s OUSG fund shows that XRPL now hosts approximately $259.6 million worth of tokenized Treasury assets, surpassing Ethereum’s $219.5 million allocation. Solana follows with roughly $72.2 million, leaving XRPL as the largest network supporting the fund.

The OUSG product has some heavy hitters behind it, BlackRock’s BUIDL fund, Franklin Templeton, WisdomTree, Fidelity, and Wellington. It gives investors a way to get exposure to short-term U.S. Treasuries through the blockchain. And that corner of the real-world asset market is growing fast.

XRP Ledger just overtook Ethereum on Ondo's OUSG treasury fund $259.6M now sits on XRPL vs $219.5M on Ethereum backed by BlackRock's

BUIDL, Franklin Templeton, WisdomTree, Fidelity, and Wellington.

Real TradFi money, choosing XRPL as the rail $XRP https://t.co/0LvnMDsFUR pic.twitter.com/bKg7yHVxCB
— Xaif Crypto (@Xaif_Crypto) June 21, 2026

The fact that more OUSG assets now reside on XRPL than Ethereum has attracted attention because Ethereum has traditionally dominated tokenized asset issuance.

Additional data from the fund shows XRPL leading in token supply and holder count compared with competing networks. The ledger also hosts several large holders with multi-million-dollar positions.

Taken together, the numbers point to growing institutional comfort with using XRPL infrastructure for tokenized financial products. That does not automatically translate into higher XRP prices, but it does strengthen the network’s role in the expanding RWA sector.

Why Institutions Are Choosing XRPL

The biggest driver is efficiency. XRPL settles transactions in roughly three to five seconds and charges transaction fees that are typically fractions of a cent. For institutions managing large volumes of transactions, those cost savings become meaningful compared with traditional financial infrastructure and even some competing blockchains.

Compliance is another factor. XRPL has spent years developing tools aimed at regulated financial institutions. Features like Permissioned Domains let organizations meet KYC and AML rules without giving up the perks of a public blockchain. That makes it a lot easier to plug into the compliance systems they’re already using.

The ecosystem itself is also expanding. Firms such as abrdn, Guggenheim Treasury Services, and OpenEden have used XRPL for tokenized financial products. Ripple’s RLUSD stablecoin adds another piece to the puzzle by enabling dollar-denominated settlements on-chain.

Native lending functionality through XLS-66 and XRPL’s established cross-border payment infrastructure provide additional reasons for institutions to explore the network. For financial firms looking to move tokenized assets around the world, XRPL offers speed, low costs, and a growing set of enterprise-focused tools.

Does This Change the Bull Case for XRP?

The development is clearly positive for the XRP ecosystem. More tokenized Treasury assets on XRPL means greater institutional activity on the network and further validation of Ripple’s strategy around real-world asset tokenization. In a market where adoption stories often lack measurable data, the OUSG figures provide a concrete example of institutional capital choosing XRPL infrastructure.

That said, investors should be careful not to draw a straight line between network adoption and the XRP price. OUSG growth does not automatically create direct buying demand for XRP itself.

For now, XRP’s price is still riding on the broader crypto market, regulatory news, ETF flows, and overall investor mood. This new milestone makes the long-term case for XRPL stronger, no question. But the next real move in Ripple’s XRP price still comes down to one thing: whether buyers can get past the technical walls and the macro headwinds that keep holding it back.

Frequently Asked Questions

Why are institutions buying XRP❓

Major institutions use XRP’s infrastructure to improve payment speed, cut costs, and eliminate reliance on outdated infrastructure. Moreover, the XRP Ledger provides the scalability, speed, and regulatory assurances that institutions demand.

Is XRP going to be accepted by banks❓

Yes, some banks use XRP, particularly for cross-border settlements, but its adoption is nuanced. While hundreds of institutions partner with Ripple for its messaging infrastructure, many utilize these network rails without requiring the XRP cryptocurrency itself.

Can XRP hit $100 by 2026❓

No, it is highly unlikely that XRP will hit $100 in 2026, as reaching this milestone would require a market capitalization of over $6 trillion, more than double the entire current crypto market. Most analysts and AI models project a far more conservative trajectory for the year

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