Bearish for XRP
XRPL Stablecoin Share Loss
Stable
Steady attention in XRP coverage, without a clear trend.
Updated 14 October 2026
The bearish argument: Despite XRP Ledger being Ripple's native blockchain, stablecoin issuers have predominantly chosen Ethereum as their deployment platform, with tracked stablecoins on XRPL totaling only $1.338 billion compared to significantly larger volumes on competing chains. This represents a structural loss of market share in a critical use case that should theoretically favor the native ecosystem.
How attention has changed
0% of XRP coverage
Rolling 3-day share · as of 14 Oct 2026
This measures attention in published coverage, not the likelihood of a price move.
| Date | Share of coverage |
|---|---|
| 2026-09-15 | 1.2% |
| 2026-09-16 | 0.9% |
| 2026-09-17 | 0.6% |
| 2026-09-18 | 0.5% |
| 2026-09-19 | 0% |
| 2026-09-20 | 0% |
| 2026-09-21 | 0% |
| 2026-09-22 | 0% |
| 2026-09-23 | 1.2% |
| 2026-09-24 | 0.6% |
| 2026-09-25 | 0.7% |
| 2026-09-26 | 0.9% |
| 2026-09-27 | 1.8% |
| 2026-09-28 | 1.5% |
| 2026-09-29 | 0.8% |
| 2026-09-30 | 0% |
| 2026-10-01 | 0% |
| 2026-10-02 | 0% |
| 2026-10-03 | 0% |
| 2026-10-04 | 0% |
| 2026-10-05 | 0% |
| 2026-10-06 | 0% |
| 2026-10-07 | 0% |
| 2026-10-08 | 0% |
| 2026-10-09 | 0% |
| 2026-10-10 | 1.2% |
| 2026-10-11 | 0.9% |
| 2026-10-12 | 0.6% |
| 2026-10-13 | 0% |
| 2026-10-14 | 0% |
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The argument and its evidence
Several outlets can carry the same argument; no single article is its origin. Read each one in its own context.
Recent coverage
-
CryptoSlate · Published 9 Oct 2026
XRP demand depends on routing beyond XRPL’s stablecoin base
In coverage record: 10 Oct 2026
“Tracked stablecoins on the XRP Ledger totaled $1.338 billion on Oct. 7.”
Read article
Earlier coverage
-
U.Today · Published 26 Sep 2026
AI Agents Opt for Ripple USD Not XRP, While BlackRock Makes Stunning New Prediction
In coverage record: 27 Sep 2026
“transaction volumes in the network's native cryptocurrency, XRP, have stagnated over the past week.”
Read article -
Crypto News · Published 25 Sep 2026
XRP could lose some payment flows to stablecoins, Ripple CEO says
In coverage record: 26 Sep 2026
Read article -
CryptoSlate · Published 22 Sep 2026
Moscow Exchange launches 5 crypto perpetual futures as demand tops 600 billion rubles
In coverage record: 23 Sep 2026
“XRP carrying the highest initial margin requirement among the five contracts”
Read article -
U.Today · Published 15 Sep 2026
BTC, XRP, SHIB Plunge After Clarity Failure: These Senators Voted Against It
In coverage record: 16 Sep 2026
“XRP has suffered an even steeper decline, plunging more than 7% to around $1.30.”
Read article -
CryptoSlate · Published 12 Sep 2026
XRP liquidity faces a test as XRPL stablecoins grow
In coverage record: 13 Sep 2026
“The visible bridge inventory is far smaller than the stablecoin base. At validated ledger 106912297, an XRP/RLUSD automated market maker tracked by XRPL.to held about 1.724 million XRP and 2.288 million RLUSD...That is roughly 0.41% of DefiLlama's daily XRPL stablecoin total.”
Read article -
Protos · Published 24 Jun 2026
Ripple used Ethereum to list its RLUSD stablecoin in Japan
In coverage record: 25 Jun 2026
“Despite being a Ripple project, the majority of RLUSD tokens have historically existed outside of the XRPL. Around $879 million of the token in circulation was parked on Ethereum, ahead of roughly $760 million on the XRP Ledger.”
Read article