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Cryptocurrency News Articles
Despite Broader Market Weakness, XRP Rallied 50% in Q1 2025
May 07, 2025 at 01:48 am
Despite broader crypto market sluggishness, XRP XRP/USD has had a solid first quarter of the year, according to a recent report.
Despite sluggishness in the broader crypto market, XRP (CRYPTO: XRP) had a strong first quarter, according to a recent report.
What Happened: In its Q1 2025 XRP Markets report, Ripple (NYSE:PI) highlighted key developments and market performance of XRP.
The token surged by 50% in February, outperforming both Bitcoin (CRYPTO: BTC), which remained flat, and Ethereum (CRYPTO: ETH), which saw a decline.
XRP investment products saw inflows of $214 million year-to-date, just $1 million less than the inflows into Ethereum funds globally, showcasing a significant interest from institutions.
The average daily volume of spot trading across top-tier exchanges reached $3.2 billion, while XRP/BTC ratios increased by over 10%.
XRP touched $3.40 briefly before the rally slowed, and the realized volatility ranged from 100% to 130%.
Binance held the largest share of trading volume at 40%, followed by Upbit with 15% and Coinbase with 12%.
However, on-chain activity slowed down, with new wallets and transactions decreasing by 30–40% quarter-over-quarter, aligning with the broader market slowdown.
Why It Matters: XRP's Q1 rally appears to be driven by accelerating institutional tailwinds: Franklin Templeton filed an S-1 for a U.S. spot XRP ETF.
The CME Group announced its plans for XRP futures and Brazil's regulators approved a dedicated XRP ETF.
On the legal front, the SEC dropped its appeal in the Ripple case, and Ripple settled with a reduced $50 million penalty, and the court might vacate the earlier injunction.
A pro-crypto shift in the U.S. administration, under President Trump, has also contributed to the positive sentiment, with executive orders and new appointments aiming for market-friendly regulation.
Ripple also completed a major acquisition, purchasing Hidden Road for $1.25 billion to expand institutional RLUSD and XRP Ledger use cases.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
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