XRP Ledger Weekly Data Report — Week of September 7–13, 2026
How to read this report
This edition marks a change in how we publish numbers: every metric below carries its source and its snapshot date, and we do not publish figures we cannot trace to a public source. Where two methodologies disagree — circulating supply is the clearest case — we show both and say why. Where a metric's freshest verified reading is older than this week, we date it honestly rather than extrapolate. The result is a slightly less smooth report and a much more trustworthy one.
1. Market metrics
| # | Metric | Value | Context / change | Source, date |
|---|---|---|---|---|
| 1 | XRP price | $1.37 | 7d −3.1%; 30d +27.0% | CoinGecko / CoinHours, Sep 13–14 |
| 2 | Market capitalization | $85.8B | Rank #5 across all crypto | CoinGecko, Sep 14 |
| 3 | 24h spot volume | ~$2.5B | CoinGecko $2.66B / CoinHours $2.47B | CoinGecko, CoinHours, Sep 14 |
| 4 | Distance from all-time high | −62.5% | ATH $3.65 (July 2025) | CoinGecko, Sep 14 |
| 5 | Year-to-date price change | −27% | From ~$1.90 in January; July low $1.06; August high $1.70 | CoinMarketCap community data review, Sep |
The tape story of the week is digestion: the early-September push toward $1.65 faded through $1.44, $1.38 and $1.37, with the heaviest single-day losses on Wednesday (−4.7%) and Thursday (−3.6%) per Yahoo Finance and ICO Announcement chart data. The month's frame still dominates: mid-August's sub-$1.05 base means every print this week — the $1.65 push included — sits inside the August re-rating's range, and the token remains down roughly 27% year-to-date (calculated against the year's opening print; Yahoo Finance).
2. Supply & escrow
| # | Metric | Value | Context / change | Source, date |
|---|---|---|---|---|
| 6 | Circulating supply (market-data basis) | 62.88B XRP | CoinGecko estimate from Ripple's distribution API | CoinGecko, Sep 14 |
| 7 | Circulating supply (ledger basis) | 67.53B XRP | Includes supply market-data sites classify differently; see note below | XRPScan, Jul 26 |
| 8 | XRP in escrow | 32.445B XRP | ~32% of the original 100B; up to 1B unlocks monthly, typically 60–80% re-escrowed | XRPScan (community-verified), Jul 26 |
| 9 | Total XRP burned (all-time) | 14.37M XRP | Permanent removal via transaction fees; grows with usage | XRPScan (community-verified), Jul 26 |
| 10 | Activated accounts | 8.02M | Ledger-wide cumulative account activations | XRPScan, Jul 26 |
| 11 | ETF custody share | 1.07B XRP (1.7% of supply) | Held by US spot XRP ETFs | SoSoValue via 24/7 Wall St., Sep 11 |
Why two circulating-supply numbers: market-data aggregators apply their own methodology (Ripple's distribution API estimate, which nets out certain holdings) to the ledger's raw activated supply. The 62.88B figure is what the $85.8B market cap is computed against; the 67.53B ledger figure is what XRPScan reports on-chain. Both are real; they measure different things, and we label both.
3. Network activity
| # | Metric | Value | Context / change | Source, date |
|---|---|---|---|---|
| 12 | Daily transactions | 2.4M/day | +21% YoY; busiest since the 2021 bull run | XRP Ledger data via crypto.news, Sep |
| 13 | Active accounts | −40% YoY | Fewer, larger participants — the ledger's institutionalization signature | XRP Ledger data via crypto.news, Sep |
| 14 | DEX volume | +79% YoY | Native XRPL decentralized exchange activity | XRP Ledger data via crypto.news, Sep |
| 15 | Settlement finality | 3–5 seconds | Protocol design constant; consensus, not mining | XRPL protocol specification |
The 12–13 pairing is this year's defining network datapoint. Volume is up, addresses are down: 2.4M daily transactions spread across 40% fewer active accounts than a year ago means activity per account has roughly doubled. That is the footprint of recurring, settlement-shaped institutional flow — the same flows minting RLUSD (below) — and the disappearance of the retail long tail. A network getting busier and more concentrated at the same time is a network changing character, not one simply growing.
4. RLUSD stablecoin
| # | Metric | Value | Context / change | Source, date |
|---|---|---|---|---|
| 16 | RLUSD market cap | $2.32B | Crossed $1B in spring, $2B on Aug 25; top-10 stablecoin | RWA.xyz via crypto.news, Sep |
| 17 | RLUSD supply growth YTD | +1,278% | Growth driven by institutional settlement issuance | RWA.xyz via crypto.news, Sep |
| 18 | RLUSD on XRPL | ~$963M | Up from 18.4% of issuance at the start of 2026; >90% of XRPL's stablecoin supply | RWA.xyz via Finobird, Aug 27 |
| 19 | RLUSD on Ethereum | ~$1.1B | Japan rollout (June) used the Ethereum issuance | RWA.xyz via Finobird, Aug 27 |
| 20 | RLUSD cumulative trading volume | >$9B | Since December 2024 launch | crypto.news via CoinMarketCap, Sep |
The chain split deserves the attention it is getting: a stablecoin whose XRPL share has climbed from under a fifth of issuance to roughly half in eight months is migrating toward the ledger whose fees are paid in XRP. It is early, and the migration is measured in hundreds of millions, not billions — but it is the only mechanism on the board that directly converts RLUSD's institutional demand into XRP-ledger activity.
5. ETF flows & derivatives
| # | Metric | Value | Context / change | Source, date |
|---|---|---|---|---|
| 21a | ETF cumulative net inflows | $1.70B | Crossed Sep 9; 11-session streak (+~$170M) broke Sep 2, resumed Sep 8 | SoSoValue via 24/7 Wall St., Sep 10 |
| 21b | ETF net assets | ~$1.45B | Fell 4% on Sep 10 as price dropped; ~$250M below contributed capital | SoSoValue via 24/7 Wall St., Sep 10 |
| 22a | Futures open interest | $3.06B | ~2.24B XRP on Sep 8; August peak 2.78B XRP | CoinGlass via ICO Announcement / Coin Journal, Sep 8–10 |
| 22b | Funding rate (OI-weighted) | +0.01% / 8h | Positive since Aug 28 — longs still paying | CoinGlass via Coin Journal, Sep 8 |
Two derivatives reads from the week. First, open interest at 2.24B XRP remains well below August's 2.78B peak — the leverage wipeout of late August has not been rebuilt, which removes one fragility. Second, funding has held at a barely-positive 0.01% for two weeks: positioning is present but not crowded. The $3.06B notional against a $2.5B spot volume day says derivatives still lead price discovery, but not by the wide margin of the spring.
Sentiment & the week ahead
The Fear & Greed Index printed 69–71 ("Greed") on September 8, per alternative.me via CoinJournal — elevated for a token down 27% on the year, and a reminder that the early-September rally was carried by broad risk appetite with Bitcoin near $78,000. The binary in front of the tape is the Fed's September 16 decision: the week's coverage consistently framed the dovish shift as the support under both the whale-zone defense at $1.31–$1.38 and the ETF flow resumption. Watch those two levels together: if the macro bid exits and the $1.31–$1.38 zone breaks on volume, the 200-day EMA near $1.36 will already have been lost on the way through.
Sources & further reading
- Price, market cap, volume, ATH — CoinGecko, CoinHours, CoinMarketCap, Sep 13–14
- Escrow, ledger supply, burn, activated accounts — XRPScan snapshot community-verified by XRPL Foundation's Hussein Zangana, Jul 26 (via U.Today)
- Network activity, YoY changes — XRP Ledger on-chain data via crypto.news / CoinMarketCap, Sep
- RLUSD supply, growth, chain split — RWA.xyz via crypto.news (Sep) and Finobird (Aug 27)
- ETF flows, net assets, custody — SoSoValue via 24/7 Wall St., Yahoo Finance, Gate, Sep 8–11
- Open interest, funding — CoinGlass via ICO Announcement, Coin Journal, Mitrade/FXStreet, Sep 1–10
- Fear & Greed Index — alternative.me via Coin Journal, Sep 8
FAQ
Why do circulating supply and market cap sources disagree?
They measure different bases. CoinGecko's 62.88B is an estimate built from Ripple's distribution API that nets out certain classified holdings; XRPScan's 67.53B is the ledger's raw activated supply as of July 26. Market caps are computed against the estimate. We publish both with dates rather than silently picking one.
How current are the on-chain supply numbers?
The escrow (32.445B XRP), all-time burn (14.37M XRP) and activated-accounts (8.02M) readings are from a July 26 XRPScan snapshot that was verified on-chain by the XRPL Ledger Foundation's director of community and widely cross-reported. These change slowly — escrow moves ~1B/month with most re-locked, and the burn grows by well under a million XRP a month — so the readings remain representative, and we date them so you can judge.
How can transactions be up 21% while active accounts fell 40%?
Both can be true because they measure different things: transactions count activity, active accounts count distinct addresses. Fewer addresses each doing far more transactions means the activity mix has shifted toward large, recurring, programmatic participants — the settlement and market-making profile — while the retail long tail shrank.
Is the ETF mark-to-market gap a redemption risk?
The gap (~$250M between $1.70B contributed and ~$1.45B of assets) is unrealized price loss, not withdrawals — flows through the week stayed positive. The behavioral evidence so far, including the recovered March–May redemption cycle, is that this holder base redeems slowly. The test is the Fed's September 16 decision.
Why doesn't this report include AMM TVL or validator counts?
Under the site's fully sourced data policy, we only publish metrics we could verify against a public source this week. XRPL AMM TVL and current validator counts did not have a fresh, citable reading in the sources above, so they are omitted rather than estimated — they will return to the report when a verifiable reading is available.
Is this financial advice?
No. XRPLinsights publishes research and commentary for informational purposes. Nothing here is a recommendation to buy or sell XRP or any other asset.