XRP Price Prediction: Could Tokenization Propel XRP to a $10 Valuation?
By Sam Daodu | Published Mar 25, 12:30PM EDT | 24/7 Wall St.
As the tokenization of real-world assets (RWA) gains significant momentum, Ripple’s XRP Ledger (XRPL) is positioning itself to become a major player in this evolving landscape. With trillions of dollars expected to move onto blockchains by 2030, a key question arises: can XRP’s price rise to $10 by capitalizing on tokenization? While XRPL hosts $2.3 billion in tokenized assets and continues to grow rapidly, XRP’s price hovers around $1.40 and is down roughly 30% year-to-date. This article explores the factors impacting XRP’s valuation and what it would take for the token to reach new heights.
Growing Tokenization on the XRP Ledger
Tokenization—the process of converting physical or traditional financial assets into digital tokens on a blockchain—is accelerating across various networks, and XRPL has seen remarkable growth. As of early 2026, XRPL holds about $2.3 billion in tokenized real-world assets, more than doubling the $991 million recorded at the start of the year. This growth places XRPL second in month-over-month RWA expansion behind Arbitrum and ahead of platforms like Solana and Polygon in total on-chain tokenized value.
Several institutional efforts are fueling this growth. UK-based digital securities exchange Archax is targeting $1 billion in tokenized assets on XRPL by mid-2026. In the US, Ondo Finance, Guggenheim, and OpenEden have collectively placed around $300 million in tokenized U.S. Treasury products on the ledger. Asset types vary from tokenized energy assets like Justoken’s JMWH, which alone accounts for $861 million, to tokenized diamonds and stablecoins such as Ripple’s RLUSD, which holds approximately $348 million.
However, much of this value remains concentrated in very few holders and transactions. Only 22 wallets currently hold RWA tokens on XRPL, and roughly $1.49 billion of the total represents “on-chain records” used mainly for internal tracking rather than active market trading. This suggests that while institutional adoption is growing, XRPL’s tokenized assets primarily serve as bookkeeping entries rather than a liquid marketplace.
The Impact of Tokenization on XRP Demand
For XRP to reach a $10 price point, tokenization on XRPL must drive meaningful demand for XRP itself. Presently, transaction fees are nominal—around 0.00001 XRP per transaction—which translates to 100,000 transactions costing just one XRP. Since XRPL’s launch in 2012, total fee burns equal only about 14 million XRP, a mere 0.014% of the token’s total supply. Even with daily payments reaching record highs of 2.7 million, fee burning alone is insufficient to significantly increase XRP demand.
XRP is also locked in reserves that accounts must maintain. Every XRPL account must keep 1 XRP as a base reserve, plus 0.2 XRP for each object owned such as trust lines or offers. While this mechanism removes some XRP from circulation, the current number of holders and accounts is too small to make a major impact. Tokenization attracting millions of new users could increase the amount of XRP locked in reserves, but reserves grow by user and object count, not by the dollar value of tokenized assets.
XRP’s potential as a liquidity asset rests heavily on its role within XRPL’s decentralized exchange (DEX), where 92% of trades pair through XRP. This makes the token the primary “bridge” for trading tokenized assets. Market makers need to hold XRP to facilitate trades, provide liquidity, and maintain automated market maker (AMM) pools. Ripple’s recently launched Permissioned DEX, a KYC-gated order book tailored for institutional trading, aims to spur market activity further.
Market volume on the DEX remains modest, however, with daily trading between $4 million and $8 million and total DeFi value locked on XRPL at about $47.5 million. These figures indicate that while the infrastructure for XRP as a liquidity layer is in place, significant trading demand is still missing.
XRPL’s Competition Within Tokenization
Ethereum leads the tokenization sector by a wide margin, boasting roughly $15.4 billion in tradeable tokenized assets—about 59% of the blockchain tokenization market. It also supports over $164 billion in stablecoins and carries $55 billion in DeFi value locked (TVL). XRPL’s $461 million in tradable tokenized assets and $47.5 million in DeFi TVL pale in comparison.
Other competitors include Arbitrum, which combines Ethereum’s security with lower transaction costs and is outpacing XRPL’s RWA growth. Stellar, closely aligned with cross-border payments like Ripple, hosts multiple CBDC pilots, while SWIFT is revamping its infrastructure to accommodate tokenized assets potentially outside of blockchain frameworks.
XRPL distinguishes itself primarily through built-in compliance features. Its authorized trust lines enable issuers to control token ownership, while the Permissioned DEX creates regulated trading environments suitable for institutional users—a level of compliance and security Ethereum currently lacks. The ledger processes transactions efficiently in 3 to 5 seconds at negligible costs and boasts a 13-year history without downtime.
Could XRP Reach $10? What It Would Take
At a $10 price, XRP’s market capitalization would soar to about $610 billion—roughly matching Ethereum’s peak in 2025. Achieving this valuation requires XRPL to capture 3 to 5% of a multi-trillion-dollar tokenization market with XRP as the essential bridge asset facilitating trades rather than merely serving as a fee token.
Based on several tokenization market forecasts for 2030:
- McKinsey estimates a $2 trillion tokenization market; capturing 5% could put XRPL’s on-chain value at $100 billion, leading to an XRP price range between $5 and $7 with moderate bridge demand.
- BCG and Ripple project the market could reach $9.4 trillion; capturing 3–5% could mean $280 billion to $470 billion in on-chain value and an XRP price of $7 to $12.
- Ark Invest forecasts an $11 trillion tokenization market; capturing 3% share with scaled DEX and AMM volume might result in XRP prices ranging from $8 to $10. Crucially, these price levels depend on XRP’s pivotal role as a liquidity provider and bridge currency. XRP must experience significant demand driven by active on-chain trading of tokenized assets, requiring market makers and traders to hold large XRP inventories. Presently, XRPL tokenized bond records can exist without high XRPL usage or demand for XRP tokens, limiting price potential.
Outlook and Final Thoughts
Ripple’s Permissioned DEX represents an important innovation that could unlock institutional trading volume and demand for XRP. If XRPL successfully attracts a meaningful portion of a multi-trillion-dollar tokenization market and XRP serves as the primary trading bridge asset, reaching a $10 valuation is within sight by the end of the decade.
However, if institutions continue to prefer settling in stablecoins and treat XRP predominantly as a low-cost fee token, price appreciation will likely remain modest, hovering closer to $3 or $4. In summary, XRP’s journey to $10 hinges on its adoption as the liquidity backbone for tokenized asset exchanges on the XRP Ledger—and whether the rapidly growing tokenization market translates into substantial, sustained demand for the token itself.
About the Author
Sam Daodu is a crypto analyst with nearly a decade of experience interpreting blockchain technology for investors and enthusiasts. He writes for 24/7 Wall St., focusing on market analysis of Bitcoin, altcoins, and crypto infrastructure. Prior to crypto, Sam was a technology writer and now publishes accessible crypto education and insights for Web3 audiences.