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Regardless of weak market situations, XRP has strengthened its utility case, incomes reward from one among its longtime critics.
Peter Brandt, a legendary dealer with greater than 5 many years of buying and selling expertise, made the remarks throughout a current look.
When requested by Ran Neuner, founding father of Crypto Banter, which cryptocurrencies are finest positioned to grow to be extensively used for transactions, Brandt pointed to XRP, Solana, and Ethereum.
“For those who had a wager on a horse to grow to be transactional, it might in all probability be XRP, Solana and ETH,” Brandt stated.
The remark got here as a shock given he has typically been important of the crypto asset, branding XRP supporters as “uneducated and biased” and predicting its loss of life.
 
Regardless of his criticism of the neighborhood, Brandt has persistently acknowledged XRP’s utility and potential position in international funds, a view bolstered by his newest feedback.
In the meantime, his newest remarks come as exercise on the XRP Ledger continues to increase. In line with information highlighted by crypto analytics agency Messari, the community processed a median of two.48 million transactions per day through the first quarter of 2026. The determine represents a 35.3% improve over the earlier quarter, signaling rising adoption and use of the blockchain.
Remarkably, the surge in community exercise occurred whereas XRP’s market worth moved in the wrong way. The token ended the primary quarter at $1.34, down 27.1% from the prior quarter. The divergence between rising on-chain exercise and falling worth has sparked dialogue amongst analysts about whether or not utility development may ultimately translate into stronger market efficiency.
Moreover, Messari’s newest evaluation means that XRP’s increasing ecosystem is being pushed by rising institutional curiosity. The report famous important development in a number of key areas, together with tokenized real-world belongings (RWAs), stablecoins, and decentralized liquidity functions constructed on the XRP Ledger.
Among the many notable developments, the market capitalization of RLUSD on XRPL reportedly grew by 45% to $340 million through the quarter. In the meantime, the worth of tokenized real-world belongings on the community climbed 124% to $2.25 billion, making XRPL one of many main blockchain ecosystems for RWA exercise.
Moreover, the report highlighted the influence of ongoing upgrades centered on identification verification, compliance, and privateness options. These enhancements are aimed toward attracting institutional individuals that require regulatory-friendly infrastructure for blockchain-based monetary companies.
In the meantime, regardless of these milestones, XRP has declined by 67% from its all-time excessive, amid a consolidation part round $3.84. Moreover, analyst Crypto Patel famous that the 2w chart exhibits a second alternative, with the token concentrating on $5, $10, and $15.
At press time, XRP was buying and selling at $1.11, reflecting a 4.65% drop prior to now 24 hours.
