The introduction of staking mechanisms on the XRP Ledger (XRPL) could dramatically alter the token’s long-term market dynamics. While XRP has existed for more than a decade without native staking capabilities, several new projects are now filling that gap, raising questions about how large-scale token lockups might affect future prices.
Growing Interest in XRP Staking
Over the past year, developers have launched multiple initiatives aimed at allowing XRP holders to earn passive yields through staking and decentralized finance applications. Two of the most prominent examples are mXRP and FXRP, both of which were designed to extend the utility of XRP across blockchain networks that support smart contracts.
mXRP, which went live in September 2025, operates on the XRP Ledger’s EVM-compatible sidechain. The project was created by Midas, in partnership with Axelar and Interop Labs, and allows participants to earn annual returns of approximately 6% to 10%. Yields are generated through tokenized investment strategies such as liquidity provision and market-making.
The developers behind mXRP aim to lock around $10 billion worth of XRP, equivalent to about 3.9 billion tokens based on the current market price of $2.60. This represents roughly 6.5% of the total circulating supply of 60 billion XRP.
Meanwhile, FXRP, launched on the Flare Network, offers another avenue for XRP holders to participate in staking-like activities. FXRP acts as a wrapped, overcollateralized version of XRP in ERC-20 format, enabling its use within Flare’s decentralized finance ecosystem. Through this system, holders can lend, trade, and provide liquidity on applications such as SparkDEX.
Flare’s roadmap targets securing approximately 5 billion XRP by mid-2026, or 8.3% of the circulating supply. Together, mXRP and FXRP could collectively lock up about 14.8% of XRP in circulation, signaling a growing appetite for yield-based XRP products.
Modeling a Scenario Where 80% of XRP Is Locked
To understand the potential implications of large-scale token lockups, analysts modeled a scenario in which 80% of all XRP, roughly 48 billion tokens, becomes staked or otherwise locked. At the current price level, this equates to about $122 billion worth of XRP being removed from active circulation, leaving only 12 billion tokens available for trading.
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For comparison, Ethereum, which has one of the most developed staking markets, currently has around 29.6% of its total supply staked, demonstrating how staking can meaningfully impact liquidity.
When asked to model the potential price effects, Google Gemini described this scenario as a significant supply constraint and simulated several possible outcomes. If the total market capitalization of XRP remained constant, the reduced liquid supply could lift prices to approximately $10.17 per token.
However, Gemini also considered a more optimistic case where institutional participation and broader adoption increase XRP’s overall market valuation. Under that assumption, if the market cap expanded to between $500 billion and $1 trillion, XRP’s value could range from $41.67 to $83.33 per token by 2030.
Implications for the XRP Ecosystem
If staking adoption on XRPL continues to grow, XRP could transition toward a more yield-driven economic model similar to other proof-of-stake ecosystems. This shift would not only affect price dynamics but also alter liquidity conditions and market behavior.
While these projections remain speculative, they underscore how staking could play a key role in XRP’s future valuation, particularly as more institutional investors and DeFi platforms integrate the token into their ecosystems.