Ripple Ends Current XRP Markets Report Format Amid Growing Institutional Demand

Ripple will discontinue its existing quarterly XRP Markets Reports after Q2 2025, transitioning to a new format offering deeper insights amid rising institutional interest in XRP. The company stated the original reports, designed to provide transparency on XRP holdings and market trends, often backfired—especially during clashes with former SEC leadership.

Ripple's Q1 2025 report highlights XRP’s strong performance, with a nearly 50% surge in February, outperforming both bitcoin (BTC) and ether (ETH) during a volatile market. The XRP/BTC ratio climbed over 10%, underscoring XRP’s resilience amid macroeconomic uncertainty.

Institutional interest in XRP continued to grow. XRP-based investment products saw $37.7 million in net inflows during Q1, bringing the 2025 total to $214 million—just shy of surpassing ether-focused funds. This uptick coincides with a wave of XRP ETF filings in the U.S. and Brazil, and the April launch of a leveraged XRP ETF.

Spot market activity remained strong, averaging $3.2 billion in daily volume. Binance led with a 40% share, followed by Upbit and Coinbase. Volatility peaked in February, with realized volatility hitting 130% as XRP reached levels not seen since 2018.

On-chain activity on the XRP Ledger declined, with wallet creation and transactions dropping 30–40%, mirroring broader slowdowns across Layer 1 networks. However, XRP’s DeFi ecosystem remained relatively stable, with decentralized exchange (DEX) volume falling just 16% quarter-over-quarter.

Notably, Ripple’s RLUSD stablecoin played a significant role in DeFi growth, exceeding $90 million in market cap and surpassing $300 million in cumulative DEX trading volume.

Ripple’s evolving report strategy and XRP’s strong institutional traction mark a new chapter for the token as it navigates expanding utility and investor adoption.