$XRP is facing serious questions as its real network usage struggles to match its long-term ambitions.

According to the figures reported, the XRP Ledger holds just $642.9M in tokenized assets, compared with Ethereum’s $15.1B — nearly 23 times more.

Even more concerning, $XRP recorded only $22.5M in tokenized asset transactions over 30 days, while AI-agent payments reached just $58,683.

The bigger question is whether Ripple’s expanding partnerships and institutional business will actually create stronger demand for $XRP .

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Ripple’s success doesn't automatically guarantee XRP’s price growth. The real test is whether institutional adoption translates into meaningful token utility.

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