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ZEC $1,233 XRP stabilizes at key support as ledger grows to $5 billion
Standard Chartered custody for RLUSD and rising tokenized assets mark growth on the XRP Ledger amid price recovery.
Key takeaways
- Support holds firm. XRP is testing $1.30, a key technical support zone that previously consolidated before the June sell-off.
- Custody expands reach. Standard Chartered now offers institutional custody for RLUSD, Ripple's stablecoin, issued on the XRP Ledger.
- Assets and yield grow. The XRP Ledger holds $5.046 billion in tokenized asset value, and Doppler Finance's yield vault has crossed 90 million XRP.
What happened
XRP fell to a low of $1.30 this week as Bitcoin pulled back, then staged a sharp recovery to around $1.37. The token is now testing an important support zone on both the daily and 4-hour charts. Traders are watching to see whether buyers can stabilize the asset above this level or whether sellers will push it toward $1.15.
The biggest development for the ecosystem came from Standard Chartered, one of Ripple's early backers. The bank now offers institutional custody for RLUSD, Ripple's US dollar stablecoin, issued on the XRP Ledger. The bank said the move will help clients incorporate digital assets more confidently into their financial activities.
RLUSD's supply has grown from about $2.4 billion to about $2.5 billion, according to analytics firm Santiment. Meanwhile, the XRP Ledger itself is hosting growing amounts of tokenized assets. A major tracker places the ledger sixth among blockchains with $5.046 billion in total real-world asset value and $4.55 billion in represented value.
XRP holders are moving idle tokens into yield products. Doppler Finance's XRP yield vault has crossed 90 million XRP, worth about $125 million. The platform is attracting users seeking returns on assets that have not traditionally earned on-chain yield.
First $1.52Latest $1.33-12.5% over the period
Points are daily observations, not closing prices.
Why it matters
The technical setup around $1.30 is critical for XRP's near-term direction. The daily chart shows the asset maintaining a bearish structure after falling from early-2026 highs above $2.30. Holding above current support could help XRP stabilize and attempt another recovery, while a decisive daily close below $1.30 would raise the risk of a deeper correction toward $1.15.
On the ecosystem side, the addition of institutional custody from Standard Chartered signals growing confidence in Ripple's infrastructure. The custody option could open new channels for institutional participation in RLUSD and assets built on the XRP Ledger.
Questions readers ask
Is XRP below $1.30?
XRP fell to a low of $1.30 then recovered to around $1.37 this week. The token is currently testing the $1.30 support zone, which is a key level on both the daily and 4-hour charts.
What is RLUSD?
RLUSD is Ripple's US dollar stablecoin issued on the XRP Ledger. Standard Chartered now offers institutional custody for RLUSD, allowing clients to hold the stablecoin with the bank.
How much is on the XRP Ledger?
The XRP Ledger hosts $5.046 billion in total real-world asset value. About 9.8% of that value is distributed, and Canton leads the broader ranking with $27.7 billion in represented assets.
Can XRP earn yield?
Yes. Doppler Finance offers an XRP yield vault that has crossed 90 million XRP, worth about $125 million. The platform lets holders earn returns on tokens that have not traditionally earned on-chain yield.
