Foreign media, citing analysts, stated that whether XRP can rise to $100 or higher depends not on short-term market sentiment, but on the actual volume of tokenized assets settled on the XRP Ledger (XRPL). According to the data cited in the article, while this metric is growing rapidly, it still has a significant gap to bridge before supporting higher price expectations.
On-chain transactions are concentrated among a small number of accounts.
The report noted that the number of active accounts on XRPL decreased in the second quarter of this year, but the transaction volume per account was approximately three times higher than before. This indicates that on-chain transaction activity is becoming concentrated among fewer accounts, though the volume of funds handled by these accounts has significantly increased.
Meanwhile, the total value of tokenized assets on the XRPL has risen to approximately $3.72 billion, representing a roughly 30-fold increase year-over-year. Another figure cited in the article is $4.26 billion; however, regardless of which figure is used, the overall scale remains in the billions of dollars.
Analysts say a three-digit price is unlikely in the short term.
The report cited crypto analyst Zach Rector, who said this is precisely why XRP is currently struggling to reach $100 or $1,000. According to his assessment, supporting such price levels would require the value of tokenized assets on the XRPL to expand from its current tens of billions of dollars to hundreds of billions, trillions, or even more.
The article argues that there remains a gap between market expectations for a high price of XRP and the actual pace of institutional adoption infrastructure. According to this view, the conditions for XRP to reach a three-digit price within 2026 have not yet been met, not due to mere market volatility, but because the underlying institutional adoption process is still in an early stage.
Ripple collaboration is viewed as complementary infrastructure.
The report also mentioned that Adam Popat, CEO of Settlement, discussed the company’s newly announced partnership with Ripple. According to him, the collaboration integrates Ripple’s custody platform with Settlement’s digital asset lifecycle management system, enabling large institutions to issue, manage, and custody assets within a single interface.
The article states that the arrangement aims to reduce operational complexity for institutions conducting tokenization activities on the XRPL and to meet compliance requirements. Experts believe that such infrastructure development will help facilitate institutional entry, but it will still take time to build an asset base large enough to revalue XRP.
Overall, the core judgment of this article is that the tokenization narrative for XRPL has begun, but is still at an early stage. If on-chain tokenized assets fail to grow sustainably, market expectations for XRP to rise to $100 in the short term will remain ahead of fundamental progress.