When evaluating the trend of Ripple (XRP), the market often overemphasizes the price itself while overlooking a more forward-looking indicator—the XRP Rich List and its underlying holding structure. From on-chain distribution, there is a significant gap between XRP's nominal circulating supply and the truly tradable supply, and this gap is profoundly affecting market supply and demand dynamics. First, XRP has recently experienced a noticeable correction, with the price dropping from a high of approximately $3.66 to around $1.85, a decline of nearly 50%. During the price decline, inflows of XRP into major cryptocurrency exchanges increased significantly, with daily transfer volumes reaching between 35 million and 116 million coins, indicating rising short-term selling pressure. However, at the same time, the total amount of XRP held by exchanges has continued to decrease, now approaching 1.5 billion coins, reflecting that, in the long term, the available chips for trading are diminishing.

Gate News Bot Message, December 30th, according to CoinMarketCap data, as of press time, XRP (XRP Ledger) is trading at $1.86, down 2.08% in the past 24 hours, with a high of $1.91 and a low of $1.83. The current market capitalization is approximately $112.832 billion, ranking fifth globally. XRP Ledger is a decentralized public chain built for commercial applications, maintained by a global community of enterprises and developers. The public chain has been running continuously for over ten years with zero errors, spanning over 63 million ledger cycles, demonstrating high reliability. XRP Ledger offers a smooth development experience, extremely low transaction costs (only a fraction of a cent per transaction), high-performance processing capabilities, and sustainable features. Core functionalities include a built-in high-performance decentralized exchange and cross-currency atomic payments.

Stablecoins are becoming a global settlement layer, with Ripple projecting $30 trillion in 2025 volume due to increased regulation and institutional adoption. Ripple's RLUSD exemplifies this evolution, gaining regulatory approval and multi-chain utility despite XRP's price struggles.