The setup around Ripple seems to be taking a different direction.
The most important thing is that this is not a normal whale population or a marketing strategy designed to create scarcity and increase sudden movements.
Instead, the focus seems to be shifting to the growth of trust in the XRPL infrastructure, with the rise of tokenization becoming a major theme.
As the chart below shows, nearly $4 billion in known RWAs now reside on XRPL, based on more than 500 assets. Importantly, there are early examples of institutional use.
Earlier this year, the redemption of JPMorgan Chase, Ondo Finance, and Mastercard was based on XRPL in about four seconds, according to the companies involved.
Unlike rallies led by scarcity, this rise reflects a different kind of market.
From a conceptual perspective, the rise of tokenization on XRPL makes it possible to look away from pure speculation and focus on the fundamentals of the network. The story is slowly changing away from investors Ripple (XRP) as an asset to organizations that use XRPL as the basis for using real-world currencies.
This becomes clear when we compare the growth of Ripple’s tokenization with the rise of ETFs, showing how institutional money is around the environment. This is very popular with XRP already more than 8% in June.
In this context, this difference could trigger XRP’s Q3 movement.
Tokenization emerges as a major driver of XRPL
Although tokenization is growing in the market, what makes Ripple’s RWA go forward?
Of course, $4 billion in total worldwide assets (RWAs) were sitting on XRPL at press time. About 4x the size of the entire ETF market.
To put this into perspective, the XRP ETF’s market capitalization is close to $1 billion. This means that the tokenization activity on XRPL is already four times larger than the ETF exposure. This shows where the growth of the ecosystem is starting to stabilize, with a focus on the real economy.
In particular, this becomes more interesting when combined with the momentum of Ripple’s ETF. Spot XRP ETFs have seen consistent demand, recording gains for eight straight weeks. It brought in nearly $23 million during the first full week of June, pushing the total to nearly $1.47 billion.
In this case, the 4x RWA market size increases the growth of the XRPL tokens.
Technically, if the ETF’s assets represent about $1.47 billion, a market cap of 4x RWA would mean about $5.9 billion in investment activity. This shows the growth of money going to RWA, not the traditional exposure of XRP.
This is notable because the performance of the XRP ETF outperformed the performance of BTC and ETH during the same period. This adds up Ripple Speed Q3meaning that the current cycle is driven less by speculation and more by the growing influence of organizations on the XRPL network.
