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Blockworks released the ‘State of $XRP: Q2 2026’ report that shows the ecosystem kept expanding across stablecoins, tokenized RWAs, institutional products, and derivatives, even though $XRP’s price took a sharp hit during the quarter.

In accordance with the recent Blockworks report, $XRP boasts one of the best Q2 setups in terms of on-chain fundamentals. However, that strength hasn’t translated into price action, creating a textbook fundamental-technical divergence that could shape $XRP’s Q3 setup.