XRP is caught in a widening divergence between its deteriorating market price and increasingly bullish fundamentals. The token currently trades at around $1.14, down roughly 39% since January and perilously close to its 52-week low of $1.05. Yet beneath the surface, the supply of XRP available for trading on centralized exchanges has collapsed to a seven-year low of just 1.6 billion tokens — half the peak seen last October — while institutional demand continues to rise.
The exchange drain signals that investors are moving their holdings into self-custody en masse, effectively shrinking the float. That trend coincides with sustained buying from Wall Street. During the trading week of June 14 to 18, 2026, XRP spot ETFs pulled in net inflows of $10.66 million, led by Franklin Templeton’s product with $6.69 million and Bitwise with $3.97 million. Cumulative net inflows across all XRP spot ETFs have now reached $1.45 billion, with total assets under management approaching the $1 billion mark.
On the institutional front, Ripple’s head of central bank engagement, James Wallis, recently confirmed that XRP is being actively used for cross-border settlements, with central banks deploying customized private versions of the XRP Ledger for their own digital currencies. This gives them full control while leveraging the network’s underlying technology.
The tokenization of real-world assets on the XRP Ledger is adding further heft. Over the past 90 days, net inflows of $1.9 billion have flowed into the network – more than Ethereum’s $1.6 billion and Stellar’s $1.4 billion over the same period. That surge in activity points to growing institutional confidence in the ledger’s capabilities.
Should investors sell immediately? Or is it worth buying XRP?
Behind the scenes, the network itself is undergoing a significant technical overhaul. Version 3.2.0, now being rolled out, reduces node storage requirements by up to 40% and introduces automated payments for artificial intelligence agents. These AI agents can now independently settle service fees using XRP or Ripple’s stablecoin RLUSD without manual approval. While only about a quarter of operators have installed the update so far and some synchronization bugs remain, no major outages have occurred.
A broader five-point roadmap unveiled on June 20, 2026, lays out plans to future-proof the ledger by 2028. The most ambitious goal is quantum resistance: a hybrid signature technology that will allow the network to upgrade encryption as quantum hardware matures. The roadmap also includes a native credit protocol based on specification 3.1.0, enabling uncollateralized on-chain loans through single asset vaults, and a revamped automated market maker with concentrated liquidity and a StableSwap architecture. Security is being reinforced through AI-driven red-teaming that has already identified 287 vulnerabilities on GitHub.
On the supply side, Ripple’s escrow mechanism continues to release one billion XRP monthly. Attorney Bill Morgan has defended the structure, arguing that these releases are already priced in and that most tokens are promptly re-locked. Currently, 38.15 billion XRP remain in escrow, helping to stabilize the circulating supply. Yet the token still trades well below its 200-day moving average of $1.54 and roughly 69% off the 52-week high of $3.65.
The relative strength index sits at 39.5, signaling oversold conditions. If the $1.05 support level gives way, further selling could accelerate. But with exchange inventories shrinking fast and institutional capital still flowing in, a supply squeeze might eventually provide the catalyst needed to reverse the price trajectory. For now, the market remains stubbornly indifferent to the progress taking place under the surface.
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