XRP Markets Report Revamp Signals Institutional Growth

XRP is gaining traction in institutional finance, prompting Ripple to overhaul its quarterly XRP Markets Report after Q2 2025. The revamp is aimed at delivering more comprehensive insights tailored to a growing base of corporate and institutional stakeholders engaged in the XRP ecosystem.

Currently, Ripple’s XRP Markets Report serves as a window into the company’s XRP holdings and provides periodic updates on wider market trends and the evolving XRP environment. However, Ripple has acknowledged that the report—in its existing form—has not fulfilled its intended purpose.

In its Q1 2025 report released Monday, the company stated that its efforts at transparency have occasionally backfired. “In many instances, Ripple’s transparency has been used against the company, most notably by former SEC leadership,” Ripple noted. As such, the new reporting structure will aim to provide richer context and data, particularly as XRP becomes increasingly intertwined with institutional financial strategies.

Ripple emphasized that with more institutions entering the XRP space, the company anticipates a deeper analysis and wider market discourse. This strategic shift aligns with increased interest in XRP-based exchange-traded funds (ETFs), including regulatory filings in both the U.S. and Brazil. Notably, a leveraged XRP ETF launched in April has already begun trading.

During Q1 2025, XRP showcased remarkable market performance. The token soared by nearly 50% in early February, outperforming heavyweights like bitcoin (BTC) and ether (ETH), even amid volatile macroeconomic conditions. The XRP/BTC trading ratio strengthened by over 10% during the quarter, reinforcing XRP’s standout momentum in a cautious crypto investment landscape.

Accompanying this price resilience was a marked increase in institutional participation. XRP-focused investment vehicles recorded $37.7 million in net capital inflows throughout the quarter, contributing to a year-to-date total of $214 million. This amount brings XRP fund inflows within $1 million of overtaking those focused on ETH.

Spot market trading for XRP remained healthy, with average daily volumes reaching $3.2 billion. Binance led market activity, capturing 40% of trading share, followed closely by Upbit and Coinbase. February’s heightened trading volumes coincided with increased volatility, pushing realized price fluctuations to around 130%, testing highs not seen since early 2018.

While on-chain activity on the XRP Ledger slowed after an end-of-2024 surge, following a 30–40% decline in wallet creation and transaction count, this mirrored trends seen across major Layer 1 blockchains. However, XRP’s decentralized finance (DeFi) ecosystem held firm. Decentralized exchange (DEX) volumes dipped just 16% quarter-over-quarter, showing relative resilience compared to broader on-chain activity declines.

A notable bright spot was ripple-linked RLUSD, which played a significant role in bolstering DeFi activity. RLUSD’s market capitalization surged past $90 million, while its cumulative trading volume across DEX platforms exceeded $300 million—signals of strong user engagement despite a general cooling in blockchain activity.

Related: Expert Advice: Sell XRP If You’re Confused

Ripple’s decision to sunset its traditional XRP Markets Report format and launch enhanced versions signals a pivotal moment for the company and the broader XRP community. It’s a strategic move to match growing expectations from institutional participants and regulators alike, ensuring the company remains at the forefront of market transparency and analysis.