The landscape of digital assets is evolving rapidly, and XRP is emerging as a key player in the institutional crypto space. Ripple, the company behind XRP, has announced a strategic shift in its reporting approach—phasing out the current format of its quarterly XRP Markets Report after Q2 2025 and replacing it with an enhanced version designed to reflect growing institutional interest and usage.
This transformation underscores a broader trend: traditional financial players are increasingly recognizing the utility and value of XRP in cross-border payments, liquidity management, and digital asset investment strategies.
Why Ripple Is Revamping Its Quarterly Report
Ripple’s decision to sunset the existing quarterly report stems from a critical realization: while transparency was the original goal, the report has often been misused—particularly by regulators and critics. In its Q1 2025 XRP Markets Report, the company stated:
“The reality is that the report has not had the intended effect. In many instances, Ripple’s transparency has been used against the company, most notably by former SEC leadership.”
Rather than abandon reporting altogether, Ripple is doubling down—this time with deeper insights tailored to institutional stakeholders. The updated report will include granular data on market dynamics, on-chain behavior, institutional inflows, and emerging use cases across global markets.
Q1 2025: A Breakout Quarter for XRP
The first quarter of 2025 marked one of the strongest performances for XRP among major cryptocurrencies. The token surged nearly 50% in early February, outpacing both Bitcoin (BTC) and Ethereum (ETH) during a period of macroeconomic uncertainty and market turbulence.
While BTC remained range-bound and ETH trended downward, XRP demonstrated notable strength. According to the report, the XRP/BTC exchange rate rose over 10% during the quarter—highlighting growing confidence in its relative value.
This momentum wasn’t driven by retail speculation alone. Institutional demand played a pivotal role.
Institutional Inflows Reach Critical Mass
XRP-based investment products recorded $37.7 million in net inflows** in Q1 2025, bringing the year-to-date total to **$214 million—just $1 million short of overtaking funds focused on Ethereum.
This surge aligns with a wave of new product filings, including XRP ETFs in the U.S. and Brazil, and the launch of a leveraged XRP ETF in April 2025. These developments signal growing appetite from asset managers, hedge funds, and regulated financial institutions seeking exposure to high-efficiency digital assets.
Market Activity and Liquidity Trends
Spot market activity for XRP remained robust throughout Q1 2025, with average daily trading volumes hovering around $3.2 billion. Key exchanges driving liquidity include:
- Binance (40% market share)
- Upbit
- Coinbase
Price volatility spiked in February, with realized volatility reaching approximately 130%—levels not seen since early 2018. This reflects heightened trading activity and strong directional movement amid positive sentiment and regulatory clarity progress.
Despite short-term fluctuations, long-term holders and institutional participants appear confident in XRP’s foundational role in global payments infrastructure.
On-Chain and DeFi Developments on the XRP Ledger
After a surge in late 2024, on-chain activity on the XRP Ledger (XRPL) moderated in Q1 2025. Wallet creation and transaction volume declined by 30–40%, consistent with broader trends across Layer 1 blockchains.
However, decentralized finance (DeFi) activity on XRPL showed resilience:
- DEX trading volume dropped only 16% quarter-over-quarter
RLUSD, a decentralized stablecoin native to XRPL, emerged as a major catalyst
- Market cap exceeded $90 million
- Cumulative DEX trading volume surpassed $300 million
These figures indicate that developers and users continue to build and transact on XRPL—even during market consolidation phases.
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👉 See how top-tier institutions are integrating XRP into next-generation financial products.
Frequently Asked Questions (FAQ)
What is happening to Ripple’s quarterly XRP Markets Report?
Ripple will discontinue the current format after Q2 2025 and launch an upgraded version with deeper insights focused on institutional usage, market structure, and ecosystem growth.
Why is Ripple changing its report?
The original report aimed to provide transparency but was sometimes used adversarially by regulators. The new format will better serve institutional stakeholders with actionable data while maintaining responsible disclosure practices.
Did XRP perform well in Q1 2025?
Yes. XRP surged nearly 50% in early February, outperforming both Bitcoin and Ethereum during a volatile quarter marked by macroeconomic uncertainty.
Are institutions investing in XRP?
Absolutely. XRP-based investment products saw $37.7 million in net inflows in Q1 2025, with year-to-date inflows reaching $214 million—nearly matching ETH-focused funds.
Is there an XRP ETF?
While no spot XRP ETF has been approved in the U.S. yet, multiple applications have been filed. A leveraged XRP ETF launched in April 2025, and Brazil has also seen active filings—indicating strong momentum toward regulated product offerings.
What’s driving DeFi growth on the XRP Ledger?
RLUSD, a decentralized stablecoin on XRPL, has become a key driver. With over $90 million in market cap and $300 million in cumulative DEX volume, it's fueling renewed interest in XRPL-based DeFi applications.
👉 Access real-time data and analytics on XRP’s institutional adoption trends today.
Looking Ahead: The Institutionalization of XRP
The narrative around XRP is shifting—from speculative asset to institutional-grade digital currency. With increasing demand for efficient cross-border settlement solutions and regulated investment vehicles, XRP is well-positioned to play a central role in the next phase of financial innovation.
Ripple’s decision to enhance its reporting framework reflects this maturation. By focusing on data that matters to banks, asset managers, and fintech innovators, the company is laying the groundwork for broader integration into traditional finance.
As regulatory clarity improves and product offerings expand—including ETFs, leveraged instruments, and DeFi-native assets—the ecosystem around XRP is poised for sustained growth.
For investors and institutions alike, staying informed through credible, insight-rich reports will be crucial. The revamped XRP Markets Report promises to deliver exactly that—timely, accurate, and strategically relevant intelligence in an increasingly competitive digital asset landscape.