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Regardless of weak market situations, XRP has strengthened its utility case, incomes reward from one in every of 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 turn out to be broadly used for transactions, Brandt pointed to XRP, Solana, and Ethereum.
“When you had a wager on a horse to turn out to be transactional, it will in all probability be XRP, Solana and ETH,” Brandt mentioned.
The remark got here as a shock given he has typically been essential of the crypto asset, branding XRP supporters as “uneducated and biased” and predicting its dying.
 
Regardless of his criticism of the group, Brandt has persistently acknowledged XRP’s utility and potential function in world funds, a view strengthened by his newest feedback.
In the meantime, his newest remarks come as exercise on the XRP Ledger continues to develop. In accordance with knowledge highlighted by crypto analytics agency Messari, the community processed a mean of two.48 million transactions per day throughout the first quarter of 2026. The determine represents a 35.3% enhance over the earlier quarter, signaling rising adoption and use of the blockchain.
Remarkably, the surge in community exercise occurred whereas XRP’s market value moved in the other 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 value has sparked dialogue amongst analysts about whether or not utility progress might finally 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 progress 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 throughout 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 affect 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 section round $3.84. Moreover, analyst Crypto Patel famous that the 2w chart exhibits a second alternative, with the token focusing on $5, $10, and $15.
At press time, XRP was buying and selling at $1.11, reflecting a 4.65% drop previously 24 hours.
