Fundamental Monthly Review for July 2026 for #xrp While the price largely traded between $1.05 and $1.16, successfully defending the critical $1.00 support level, positive headlines were driven by regulatory successes, institutional adoption, and technical advancements. Regulation - Ripple received full MiCA CASP licensing in Luxembourg, enabling it to offer regulated crypto services across all 30 EEA states. - However, the passage of the CLARITY Act in the U.S. was postponed until after the summer recess, briefly weighing on market sentiment and tempering hopes for further institutional inflows. Institutional Adoption & Tokenization - Ripple became a Premier Member of the x402 Foundation (Linux Foundation), alongside companies such as Visa, Mastercard, Stripe, Google, AWS, and Coinbase, aiming to develop an open standard for AI-agent payments. - With Ripple Mint, Ripple introduced a platform for institutional management of RLUSD and simultaneously invested in Notabene to expand regulatory-compliant stablecoin payments. - Aviva Investors launched the first tokenized share class of a money market fund on the XRP Ledger—the first major milestone for Real-World Assets (RWA). RLUSD & Ecosystem - RLUSD’s market capitalization grew to approximately $1.5–1.6 billion. The stablecoin expanded to additional networks, secured new exchange listings, and was further strengthened by new institutional infrastructure. On-Chain & Network - The number of XRPL accounts increased to approximately 8.4 million. - XRP balances on exchanges remained at multi-year lows, while large wallets continued accumulating—a positive on-chain signal. - The XRPL 3.2.0 upgrade (fixCleanup3_2_0) was successfully activated, enhancing features including Vaults, Lending, and the Permissioned DEX. ETFs & Market - U.S. spot XRP ETFs now manage approximately $1 billion in assets, with cumulative net inflows reaching around $1.5 billion. Fundamentally, July was one of XRP’s strongest months in recent history: full MiCA authorization, institutional tokenization, expansion of RLUSD infrastructure, progress in AI payments, robust ETF inflows, and key XRPL upgrades. In my view, the fateful rendezvous still awaits between $1.00 and $0.80. Should XRP reach this zone, it could lay the foundation for the next major cycle—supported by fundamentals stronger than ever before.