XRPL Stablecoin Supply Explodes 100%, So Why Is XRP Still Stuck?

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XRPL Stablecoin Supply Explodes 100%, So Why Is <a href="https://investment-policy.com/xrp-usd/">XRP</a> Still Stuck?

The amount of stablecoins available on the XRP Ledger has increased significantly—more than doubling since December 2025. However, this increase in dollar-based assets on the network hasn’t yet caused a corresponding rise in XRP’s price.

Data from Artemis indicates that the total supply of stablecoins on the XRPL network has reached $568.89 million, more than doubling from approximately $266.86 million in December 2025. This significant increase usually suggests more activity on the network, greater availability of funds for transactions, and wider use of the network for payments and transfers.

According to data from Artemis, the amount of stablecoins available on the XRP Ledger has doubled since December 2025. This indicates that liquidity is growing rapidly on the XRP network.

— The Crypto Times (@CryptoTimes_io) March 23, 2026

XRP’s chart, however, tells a different story.

XRP remains range-bound despite intraday bounce

On March 23rd, XRP was trading at around $1.45 on Binance, after seeing a 4.6% increase during the day. However, the price is still moving within a limited range. The token started the day at $1.3849, briefly dropped to $1.3618, and then rose to $1.4485. This brought the price slightly above its 20-day and 50-day moving averages, both around $1.42, which are currently stable and close together.

This pattern is significant. When short-term moving averages flatten and overlap, it usually means the price is consolidating – moving sideways – rather than clearly trending up or down. XRP has been fluctuating around these levels since mid-February without managing to break out and establish a clear upward or downward trend.

Adding to the challenges, XRP is currently trading below a key moving average around $1.97, a price it hasn’t reached since late January. This level previously acted as support, but XRP sharply declined from it in early February, falling from over $2.00 to around $1.16 in just a few days. For XRP to start consistently rising again, it needs to break back above this $1.97 area and signal a shift from a sideways trading pattern to an upward trend.

The Relative Strength Index (RSI) is currently at 51.63, suggesting the market is neutral. It’s right around the midpoint, without indicating that prices are either too high or too low. Today’s trading volume reached 123.82 million XRP, which is higher than recent levels, but significantly lower than the peaks seen during the price drops in February and the short-lived increase in mid-March.

The token is still trading significantly below the $1.76–$1.80 price range, where roughly 1.85 billion XRP is held by investors who haven’t made a profit yet. This large amount of XRP at that price level has consistently stopped the price from going higher this year.

It’s increasingly clear that growth in the XRP Ledger network isn’t matching the performance of the XRP token itself. While the network is seeing a faster increase in dollar-based liquidity, that hasn’t led to a significant rise in demand for XRP. The recent increase in stablecoins on the network also hasn’t yet boosted buying interest in XRP.

Analyst targets remain far ahead of price reality

Despite the subdued price action, bullish projections around XRP continue to circulate.

According to technical analyst Chart Nerd, XRP could reach $8, $13, or $27 based on Fibonacci extension levels. These targets are based on a recent breakout pattern observed on XRP’s monthly chart. Chart Nerd views the current price dip from its July 2025 high of $3.65 as a normal retest of the breakout, and still believes the price targets are valid.

Interestingly, predictions originally made by an independent analyst are now being mirrored by professional forecasts. Standard Chartered bank, through its crypto research team led by Geoffrey Kendrick, recently updated its XRP price targets. They now predict $2.80 in 2026, $7 in 2027, $12.60 in 2028, $19.60 in 2029, and $28 by 2030. While the 2026 target was significantly lowered (a 65% decrease from their previous $8 prediction) due to current market instability, their longer-term forecasts actually increased and surprisingly match levels predicted by an analyst known as Chart Nerd, even though Standard Chartered used a completely different approach to arrive at these numbers.

According to a March 14th analysis by Ali Charts, XRP could potentially reach $48 during the next bull market if a long-term triangle pattern holds true. However, the analysis also points out that this prediction is quite ambitious, as it would require a significant price increase – about 33.8 times its value of around $1.42 at the time.

The Market-cap problem

These predictions deserve a closer look. If XRP were to reach $27, its total value would be around $1.65 trillion – currently larger than the entire value of Bitcoin. For that to happen, the overall cryptocurrency market would need to grow to between $8 and $10 trillion – three to four times its current size. This would also likely require Bitcoin to surpass $150,000, as that much investment would need to flow into other cryptocurrencies (altcoins).

Even a relatively cautious price prediction from Standard Chartered – $2.80 – suggests XRP could potentially increase in value by around 95% from its current price. However, reaching that level would require XRP to break through several price barriers that have proven difficult to overcome recently.

Ecosystem growth without price confirmation

The recent increase in stablecoins on the XRPL network is a positive sign for how useful the ledger is becoming, and it could support the idea of XRP being a strong platform for sending and receiving payments over the long term. However, the XRP token still has a significant way to go before it can justify the very high price increases some are predicting, like reaching $27 or $48.

Until XRP price starts consistently breaking through resistance levels and shows increased network usage actually driving demand for the token, extremely optimistic price predictions will remain just possibilities, not realistic short-term goals.

For now, the bulls have a strong growth story. What they still lack is price confirmation.

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2026-03-23 20:23