u.today
The long-standing alliance between two giants of the crypto payments segment — $XRP and Stellar ($XLM) — has been disrupted, while their synchronized price dynamics, previously mentioned even by former Ripple CTO David Schwartz, are now a thing of the past.
Since the end of May 2026, the assets' charts have moved in opposite directions: while Stellar is recording major price gains, $XRP continues to decline. Below is a detailed breakdown of tokenization fundamentals and the technical picture on the charts.
The battle for RWA
The sharp trend reversal was triggered by an official announcement from the Depository Trust & Clearing Corporation (DTCC) about plans to launch asset tokenization — including stocks, ETFs and U.S. Treasuries — on the Stellar blockchain in the first half of 2027. Fresh metrics by RWA.xyz explain why Stellar has taken the lead in this sector, even though the $XRP Ledger (XRPL) has more launched RWA projects: 302 versus 68 for Stellar.
The difference in asset behavior is explained by the volume and activity of real capital:
- Distributed Asset Value: On Stellar, this figure reached $2.83 billion, up 21.62% over 30 days. By comparison, XRPL stands at $360.32 million, down 10.83%.
- 30-day RWA transfer volume: On Stellar, this metric increased by 142.34% to $661.84 million, while XRPL recorded only $44.93 million.
- RWA investor base: The number of RWA holders on Stellar rose by 44.75% to 17,803 addresses, while XRPL has only 122 addresses.
The market certainly noticed these figures, which is why $XLM has gained about 49.44% since the end of May, while $XRP has shown negative dynamics over the same period, falling by 15.78%.
At the same time, XRPL maintains an advantage in total stablecoin volume, with $922.42 million versus Stellar's $296.24 million, as well as in total 30-day stablecoin transfer volume, with $5.11 billion versus Stellar's $4.27 billion.
What's happening on the charts?
The indicators on the daily timeframe reflect a deep technical gap between the two assets.
On the $XLM chart, the price explosion at the end of May is clearly visible: the price expanded the Bollinger Bands, broke above the upper band and reached a peak near $0.29. The Relative Strength Index (RSI) fell to 57.64 after leaving overbought territory, which points to market stabilization.
The $XRP chart shows the opposite picture. In early June, the coin broke below the middle Bollinger Band, confirming the dominance of sellers. At the time of writing, $XRP is trading near $1.13, trapped in a narrow range between the middle line at $1.1739 and the lower Bollinger Band at $1.0526.
Meanwhile, the RSI has fallen to 39.34, reflecting buyer weakness but also approaching oversold territory.
Can $XRP repeat $XLM's success?
The current narrowing of the Bollinger Bands on the $XRP chart indicates that the asset is accumulating energy before a strong move out of the price range. There are two possible scenarios:
- Bullish scenario: If the price holds above the psychological level of $1.10 and the lower band at $1.0526, it would create a base for a rebound. To repeat Stellar's success, buyers need to restore XRPL's status as an active RWA platform, break through the middle line at $1.1739 and consolidate above the upper band at $1.2953. This would open the way toward targets in the $1.45–$1.60 area.
- Bearish scenario: If buyers fail to hold current positions and capital continues to flow into the Stellar ecosystem, $XRP risks dropping from $1.13 to retest the lower Bollinger Band at $1.0526, with the possibility of further decline toward the strong psychological support level at $1.00.