尽管市场疲软较大，但XRP在第1季度2025年上涨了50％

根据最近的一份报告，尽管加密货币市场迟钝，但XRP XRP/USD在第一季度的第一季度却保持着扎实的态度。

Despite sluggishness in the broader crypto market, XRP (CRYPTO: XRP) had a strong first quarter, according to a recent report.

根据最近的一份报告，尽管在更广泛的加密市场中，XRP（加密货币：XRP）的第一季度也很强。

What Happened: In its Q1 2025 XRP Markets report, Ripple (NYSE:PI) highlighted key developments and market performance of XRP.

发生了什么：在其第1季度2025 XRP市场报告中，Ripple（NYSE：PI）强调了XRP的关键发展和市场绩效。

The token surged by 50% in February, outperforming both Bitcoin (CRYPTO: BTC), which remained flat, and Ethereum (CRYPTO: ETH), which saw a decline.

doken在2月份飙升了50％，比比特币（Crypto：BTC）保持平坦的比特币（Crypto：BTC），而以太坊（Crypto：ETH）的表现会下降。

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.

XRP投资产品的流入率达到2.14亿美元，比全球以太坊资金的流入少100万美元，这表明了机构的重大兴趣。

The average daily volume of spot trading across top-tier exchanges reached $3.2 billion, while XRP/BTC ratios increased by over 10%.

跨顶级交易所的平均每日现货交易量达到32亿美元，而XRP/BTC比率增加了10％以上。

XRP touched $3.40 briefly before the rally slowed, and the realized volatility ranged from 100% to 130%.

XRP在拉力赛放慢速度之前短暂触摸了$ 3.40，实现的波动率在100％至130％之间。

Binance held the largest share of trading volume at 40%, followed by Upbit with 15% and Coinbase with 12%.

Binance将交易量最大的份额占40％，其次是UPBIT，占15％，Coinbase占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.

但是，链活动减慢了，新钱包和交易在四分之一季度的季度下降了30-40％，与更广泛的市场放缓一致。

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.

为什么重要的是：XRP的Q1拉力赛似乎是由加速的机构尾风驱动的：富兰克林·邓普顿（Franklin Templeton）为美国现场XRP ETF提交了S-1。

The CME Group announced its plans for XRP futures and Brazil's regulators approved a dedicated XRP ETF.

CME集团宣布了针对XRP期货的计划，巴西的监管机构批准了专用的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.

在法律方面，SEC在Ripple案中撤销了上诉，Ripple以减少了5000万美元的罚款，法院可能会撤消较早的禁令。

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.

在特朗普总统领导下的美国政府的亲克莱托普托转变也促成了积极的情绪，执行命令和新任命旨在进行市场友好的监管。

Ripple also completed a major acquisition, purchasing Hidden Road for $1.25 billion to expand institutional RLUSD and XRP Ledger use cases.

Ripple还完成了一次重大收购，以12.5亿美元的价格购买了隐藏的道路，以扩大机构RLUSD和XRP Ledger用例。