Quarterly XRP Reporting to Be Expanded by Ripple as Institutional Interest Rises

Ripple is set to retire the current version of its quarterly XRP Markets Report after Q2 2025, announcing plans to deliver more in-depth market intelligence that aligns with the growing sophistication of XRP’s institutional investor base.

The longstanding report, initially introduced to increase transparency around Ripple’s XRP holdings and market activity, is being revamped amid concerns that past disclosures were occasionally mischaracterized — particularly by former regulators like ex-SEC officials. Moving forward, Ripple will focus on analytics-driven reporting tailored for a more mature audience.

“With institutional interest in XRP gaining momentum, it’s time our reporting evolved too,” Ripple noted in its Q1 commentary.

That interest is clear. XRP has been gaining traction in the ETF space, with leveraged and spot-linked products surfacing in Brazil and the U.S. April marked the launch of the first leveraged XRP ETF — signaling growing acceptance among financial institutions.

In Q1 2025, XRP significantly outperformed its peers, rallying nearly 50% in February alone. The XRP/BTC trading pair rose more than 10% over the quarter, and XRP-based investment vehicles attracted $37.7 million in fresh capital — boosting year-to-date inflows to $214 million, just behind Ethereum products.

Daily spot trading volume averaged $3.2 billion, led by Binance, which handled 40% of trades. February’s market frenzy saw volatility surge to 130%, its highest point in over half a decade.

Activity on the XRP Ledger slowed slightly as wallet creation and transaction counts dropped by around 30–40%, mirroring a cooling trend in Layer 1 ecosystems. However, the DeFi side showed resilience: DEX volumes declined only modestly, and Ripple’s RLUSD stablecoin surpassed $90 million in circulation, with $300 million in DEX turnover.

With a more diverse investor profile and evolving market dynamics, Ripple’s enhanced reporting strategy aims to deliver deeper, data-backed insights to better serve institutional participants and crypto analysts alike.