Ripple’s decision to revamp its quarterly XRP Markets Report marks a significant shift in its communication strategy, reflecting the growing interest from institutional investors. Announced in their Q1 2025 report released yesterday, Ripple plans to sunset the current format after Q2 2025. The reimagined report will delve deeper into market insights as XRP continues to attract institutional demand, a move Ripple hopes will elevate market discussions.
Institutional Demand Drives Change
The revamped reports are a response to the evolving landscape of cryptocurrency investments, particularly the institutional appetite for XRP. In recent months, XRP has outperformed major cryptocurrencies like Bitcoin and Ether, boasting a nearly 50% surge in early February. Analysts point to rising macroeconomic uncertainties as a backdrop for this performance, with XRP’s resilience catching the eye of large-scale investors. This follows a pattern of institutional adoption, which we detailed in our analysis of corporate treasury investments.
“These changes are necessary,” commented crypto analyst Rachel Lin. “Ripple is positioning itself to provide more than just transparency—they’re aiming to offer a comprehensive view that aligns with the needs of institutional players.”
The decision coincides with a wave of XRP-based ETF filings in the U.S. and Brazil. Notably, a leveraged XRP ETF debuted in April, signaling a new era of financial products capitalizing on XRP’s momentum. With $37.7 million in net inflows recorded in Q1 alone, XRP-focused funds are on the cusp of overtaking Ether-centric investments, underscoring the shifting tides in digital asset markets. For a broader perspective on market dynamics, see Kraken’s Quarterly Revenue Jumps 19% to $472M in Q1, Trading Volume Rises by 29%.
Market Dynamics and On-Chain Activity
XRP’s market dynamics present a compelling narrative. While Bitcoin remained range-bound and Ether trended lower, XRP demonstrated notable strength, with the XRP/BTC ratio climbing over 10% during the first quarter. This performance was bolstered by healthy spot market activity, as average daily volumes hit $3.2 billion, with Binance capturing a 40% market share.
Interestingly, on-chain activity on the XRP Ledger has seen a moderation. After a period of robust expansion last year, wallet creation and transaction volumes dropped by 30-40%, mirroring broader trends across Layer 1 networks. However, XRP’s DeFi sector showed resilience, with decentralized exchange (DEX) volumes only slipping 16% quarter-over-quarter. RLUSD, a standout in this space, exceeded a $90 million market cap, driving cumulative DEX trading volumes past $300 million.
The volatility seen in February, with realized volatility spiking to 130%, highlighted XRP’s capacity to navigate turbulent waters, touching price levels last seen in early 2018. Despite this, the broader market’s response remains mixed, raising questions about XRP’s long-term trajectory.
Looking Ahead: A New Era for XRP?
Ripple’s strategic pivot with its market reports is both a response to past challenges and a forward-looking move. The company acknowledged that previous transparency efforts were sometimes weaponized against them, notably by former SEC leadership. By offering richer insights, Ripple aims to better serve the sophisticated demands of institutional investors and foster a more informed market dialogue.
Crypto strategist Ian Rogers weighed in, noting, “Ripple’s new approach could set a precedent in how crypto firms communicate with institutional stakeholders. It’s about moving beyond transparency to providing actionable insights.”
As XRP continues to capture headlines, whether through its impressive performance or burgeoning institutional interest, Ripple’s ability to adapt and innovate remains critical. With the sunsetting of the current report format looming, the crypto community eagerly anticipates the insights that the next iteration will bring. Will these changes solidify XRP’s position as a top institutional asset? Only time will tell.
Source
This article is based on: Ripple to Expand Its Quarterly XRP Markets Report as Institutional Usage Jumps
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Steve Gregory is a lawyer in the United States who specializes in licensing for cryptocurrency companies and products. Steve began his career as an attorney in 2015 but made the switch to working in cryptocurrency full time shortly after joining the original team at Gemini Trust Company, an early cryptocurrency exchange based in New York City. Steve then joined CEX.io and was able to launch their regulated US-based cryptocurrency. Steve then went on to become the CEO at currency.com when he ran for four years and was able to lead currency.com to being fully acquired in 2025.
