XRP Traders Target $1.90 as On-Chain Ledger Value Expands 43 Times to $4.26 Billion

XRP’s price (XRP-USD) trades near $1.40 as chart analysts note that traders target $1.90 for a potential upside breakout. The token remains positioned above its 50-day, 100-day, and 200-day exponential moving averages, with the rising 200-day moving average near $1.35 acting as a critical line of defense for buyers.

At the same time, network fundamentals reveal large expansion behind the scenes. Chart analyst Abdulkarim Abdulwahab highlights that total value managed on the XRP Ledger grew 43 times over six quarters, jumping from $99 million in Q1 2025 to a record peak of $4.26 billion in Q2 2026.

Tokenized Real-World Assets Drove Growth on XRP’s Network

Tokenized real-world financial assets, such as digitally issued Treasury bonds and private credit, drove most of the growth on XRP’s network. Tokenized asset value averaged $3.72 billion in recent months, representing a 3,000% gain over the prior year. Meanwhile, Ripple’s dollar-backed stablecoin RLUSD saw its average balance reach $539 million, taking a 34% share of all stablecoins on the ledger.

Even though daily active user wallets on XRP’s ledger dropped from 33,145 down to 16,587, individual accounts are moving much larger amounts of money. On the native decentralized exchange, order-book trading averaged 3.57 million XRP per day. Average daily volume per active trader jumped to 3,217 XRP, signaling a clear shift toward institutional participants.

XRP’s Technicals Point to a $1.90 Price Target

Looking at price action, derivatives market indicators show a cautious but positive outlook. The long-to-short ratio remains above one, showing that more traders hold long positions than short bets. However, overall open interest slipped by 1%, signaling short-term market consolidation.

Technical analysts Ali Martinez and Hassan Maishera highlight $1.35 as immediate support, backed by deeper demand zones down to $1.30 and $1.25. On the upside, as Ali Martinez confirmed a breakout above descending resistance toward $1.70 and Hassan Maishera notes traders target $1.90 resistance, a sustained move past current levels could open up the path toward higher multi-month targets.