XRP, with a market cap of $149 billion, is making significant strides in tokenization and decentralized finance (DeFi), highlighted by the upcoming launch of its stablecoin, ripple usd (RLUSD). Despite its growth, challenges remain in liquidity and DeFi activity on the XRP Ledger, which currently shows limited engagement. Ripple's strategic moves aim to position it as a key player in the evolving financial landscape, even as it faces criticism and the need for improved infrastructure.