November Price Action and Market Sentiment
November concluded with negative monthly price growth for XRP, despite a recent surge. If an investor timed XRP at its lowest price point last Friday, their position would be up over 23% at its current price. This performance highlights healthy accumulation as market sentiment improves. However, despite this recovery, XRP price action was still in the red by a substantial margin in November, down over 10% from its monthly opening price. Although the XRP price was up considerably in the last 7 days, its momentum leveled out in the last 4 days, holding on to a 38% discount from its July top. While the overall theme for XRP and other coins has been bearish for weeks, its Ripple network has been enjoying positive growth elsewhere.
Ripple's RLUSD Stablecoin Achieves $1 Billion Market Cap
Ripple has been making significant strides in the stablecoin market with its RLUSD stablecoin. The latter has maintained a healthy growth pace over the last 12 months, establishing itself as one of the fastest-growing stablecoins this year. For context, there were only 101,727 RLUSD tokens in circulation around the same time last year. This figure has since surged to 1.26 billion RLUSD at the time of observation.
This impressive growth pace underscores the stablecoin’s rising significance within the stablecoin segment and in Ripple’s broader strategy. Notably, the majority of RLUSD tokens are currently hosted on the Ethereum blockchain, accounting for over 81% of the RLUSD in circulation. The XRP Ledger accounts for slightly over 18% of the circulating supply. While the stablecoin crossed the $1 billion milestone this month, its growth has adopted a parabolic curve, suggesting that it could potentially accelerate to higher milestones in the next 12 months. RLUSD growth further emphasizes Ripple’s efforts to capitalize on the lucrative stablecoin market. Concurrently, investors have been securing deeper exposure to the Ripple ecosystem, with their investments also approaching key milestones.
Strong Inflows for XRP ETFs Point Towards $1 Billion Target
ETF flows have recently emerged as a critical barometer for assessing institutional and smart money movements. Investors have been directing their attention to XRP ETFs ever since they made their debut. Currently, there are at least five XRP ETFs available from prominent companies including Grayscale, Rex-Osprey, Canary Capital, Bitwise, and Franklin Templeton. Collectively, these companies have injected over $801 million into XRP.
These significant inflows occurred within November, translating to healthy demand. This suggests that the assets under management by XRP ETFs may easily surpass $1 billion in December if this appetite remains consistent. The robust XRP ETF flows confirm that institutional investors are indeed interested in the cryptocurrency. This trend could contribute to short-term demand, particularly as the cryptocurrency is currently trading at a considerable discount. JPMorgan analysts predict that more than $14 billion worth of liquidity will flow into XRP ETFs in the first 12 months. Executives from investment firm Franklin Templeton recently noted that XRP is expected to play a major role in the evolving global settlement infrastructure.
In summary, recent market data indicates that Ripple is strategically positioning itself to leverage growth across both the cryptocurrency and traditional markets. This hybrid approach is rapidly gaining traction with institutional investors and could potentially lay the groundwork for robust XRP price action in 2026.