XRP’s 30% monthly rebound meets a $4.6 million liquidity trial inside XRPL’s $1.1 billion stablecoin boom

Stablecoins on the XRP Ledger swelled to $1.126 billion as XRP logged a 29.7% monthly rebound, putting the network's value-capture case under a sharper test.At a Sept. 11 snapshot, XRP traded near $1.32 after losing about 8.7% over seven days. Meanwhile, XRPL decentralized-exchange volume reached $253.1 million across the latest complete 30-day window, more than double the preceding period.The figures enlarge the market in which XRP could serve as bridge inventory. Whether that opportunity becomes lasting token demand depends on routing behavior and holding time. XRPL can send issued-token trades through XRP when the bridge offers better pricing, while direct routes can bypass it. The available datasets report supply, turnover and pool reserves, but not the share of flow that actually uses XRP or how long liquidity providers retain the asset.A larger dollar market meets modest visible XRP depthDefiLlama's XRPL stablecoin series rose from $921.9 million on Aug. 12 to $1.126 billion on Sept. 11, a 22.2% increase. That measurement covers the dollar value of tracked pegged assets on the ledger.Exchange activity grew faster over the monthly window. DefiLlama recorded $253.1 million of X...