XRP price tops $1.50 as market cap nears $93 billion

On May 10, XRP climbed above $1.50, briefly touching $1.51 on Bitstamp as bitcoin reclaimed $82,000. The token’s market capitalization rose above $92.6 billion at the peak.

By 4 a.m. EST XRP had retreated to about $1.45, trading roughly 2% higher over 24 hours while the broader crypto market was up about 0.1%. At reporting time the market cap had fallen to just under $90 billion. Many large-cap altcoins were flat or posted losses during the same period.

Sosovalue reported spot XRP exchange-traded funds collected $34.21 million in net inflows over the prior week, lifting ETF assets to about $1.12 billion and a net asset ratio of 1.26%. Approximately $115 million of XRP was withdrawn from exchanges in the same period. Market participants cited those inflows and withdrawals as factors tightening available supply.

A test transaction on the XRP Ledger performed a near-real-time cross-border redemption of tokenized U.S. Treasurys. The trial involved J.P. Morgan’s Kinexys, Mastercard and Ripple and was described by participants as a demonstration of the ledger’s ability to move tokenized assets across borders.

On-chain activity on the ledger increased: tokenized assets rose about 45% over the prior 30 days to roughly $3.03 billion, and stablecoin volumes increased to about $498 million.

Funding rates for XRP derivatives have been negative since February 2026, a condition some market analysts view as similar to the setup before a 2025 rally to $3.60. XRP remains about $1 below its Jan. 6 peak of $2.40 and is down more than 21% year to date. Since early February the token has mostly traded between $1.30 and $1.50.

Traders and analysts are monitoring ETF inflows, exchange withdrawals and tokenized-asset activity for evidence of further price movement or a return to the recent trading range.