Ripple Has Processed $95B In Payments—Here's Why That Didn't Lift XRP Price

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XRP thesis rested on adoption.More banks on RippleNet meant more volume, and more volume was expected to translate into higher XRP prices.By that logic, more than 4 billion XRP Ledger transactions, roughly $95 billion in on-demand liquidity volume, and over 300 banking partners should have pushed XRP meaningfully higher.Don't Miss:If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it?Wall Street's $12B Real Estate Manager Is Opening Its Doors to Individual Investors — Without the Crowdfunding MiddlemenHowever, infrastructure growth alone does not guarantee token appreciation unless control and economic capture also accrue to the token itself.The biggest gains in 2025 went to Ripple Labs, not XRP holders.Ripple secured approval to operate Ripple National Trust Bank and raised roughly $500 million at a valuation near $40 billion.That marked a shift from being a software provider to acting more like a regulated financial institution.Banks paid attention to Ripple's licenses, compliance tools, and settlement network.Markets stayed focused on XRP's price and those two tracks did not move together.Trending: Buffett's Secret to Wealth? Private Real Estate—Get Institutional Access YourselfRippleNet partners such as MoneyGram International and SBI Remit do not buy XRP to speculate.They use it because it cuts costs and speeds up settlement.Cross-border payments settle in minutes instead of days, while avoiding SWIFT fees that can reach 3% to 5% per transfer.From a bank's view, whether XRP trades at $2 or $20 matters far less than whether the system lowers operating costs and reduces counterparty risk.When 300 banks connect to RippleNet, they’re not just adopting a payment rail—they’re creating switching costs.Migrating from Ripple’s infrastructure to a competitor like SWIFT’s gpi upgrades, Stellar (CRYPTO: XLM), or a proprietary bank consortium means renegotiating with 300 counterparties.Those switching costs are worth billions.Ripple’s 2025 win wasn’t XRP hitting $5—it was making it structurally harder for any bank to leave the network.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,929.94 -2.11 (-0.03%)Dow 3048,710.97 -20.19 (-0.04%)Nasdaq23,593.10 -20.21 (-0.09%)Russell 20002,532.66 -15.42 (-0.61%)VIX13.58 +0.11 (+0.82%)Gold4,560.80 +58.00 (+1.29%)Trending tickersTGT Target Corporation 99.55 +3.02 (+3.13%)NVDA NVIDIA Corporation 190.53 +1.92 (+1.02%)SLV iShares Silver Trust 71.12 +5.90 (+9.05%)XPEV XPeng Inc. 20.79 +1.22 (+6.23%)SI=F Silver Mar 26 78.84 +7.15 (+9.98%)PortfolioSign in to access your portfolioSign inTop gainersPSLV Sprott Physical Silver Trust 26.03 +2.07 (+8.64%)ZETA Zeta Global Holdings Corp. 20.71 +1.59 (+8.35%)ELPC Companhia Paranaense de Energia 9.49 +0.63 (+7.11%)CPNG Coupang, Inc. 24.28 +1.48 (+6.49%)XPEV XPeng Inc. 20.79 +1.22 (+6.23%)Top losersRGC Regencell Bioscience Holdings Limited 21.16 -3.44 (-13.98%)FLY Firefly Aerospace Inc. 23.34 -3.70 (-13.68%)TMC TMC the metals company Inc. 6.82 -0.80 (-10.50%)AAOI Applied Optoelectronics, Inc. 37.17 -3.83 (-9.34%)RGTI Rigetti Computing, Inc. 22.38 -2.13 (-8.69%)Most activeNVDA NVIDIA Corporation 190.53 +1.92 (+1.02%)TSLA Tesla, Inc. 475.19 -10.21 (-2.10%)PLUG Plug Power Inc. 2.0700 -0.0300 (-1.43%)ONDS Ondas Holdings Inc. 8.48 -0.65 (-7.12%)NIO NIO Inc. 5.11 +0.20 (+4.07%)Top economic eventsEarnings eventsMy earnings eventsEarnings events