Market Data 
XRP roared into 2025 as the breakout crypto winner, outpacing rivals with ETF inflows, regulatory breakthroughs, and Ripple’s $1.25B acquisition turbocharging institutional dominance.
XRP Leads With ETF Surge, Clearer Rules, and Major Ripple Acquisition
Ripple Labs published its XRP Markets Report for Q1 2025 earlier this week, highlighting XRP’s superior market performance, increasing institutional adoption, and major regulatory resolution. This is the last report in its current format, as Ripple cited misuse by former U.S. Securities and Exchange Commission (SEC) leadership. XRP updates will now be shared publicly, with holdings disclosed on its website.
The report presented an upbeat outlook on XRP’s Q1 market behavior, underscoring its strength amid broader crypto volatility. Ripple stated:
Despite the volatility, XRP stood out as a top performer, showing resilience amid a volatile market and outperforming nearly every major crypto.
“Throughout Q1, XRP outpaced assets like BTC and ETH—at one point climbing nearly 50% in early February. While ETH and SOL trended sharply downward and BTC hovered near breakeven, XRP demonstrated clear relative strength,” Ripple added.
Institutional support increased amid a wave of exchange-traded fund (ETF) activity. XRP exchange-traded products (ETPs) saw global growth through more listings and inflows. The report notes that XRP-based investment products outperformed those tied to bitcoin and ethereum, recording $37.7 million in inflows and raising the year-to-date total to $214 million—$1 million short of surpassing global Ethereum fund totals. Notably, Franklin Templeton filed an S-1 for a spot XRP ETF in the U.S., CME announced plans to launch XRP futures, and Volatility Shares submitted applications for three XRP-focused ETFs. Brazil’s Comissão de Valores Mobiliários approved a dedicated XRP ETF, and Teucrium’s 2x Long Daily XRP ETF debuted with $5 million in trading volume, placing it in the top 5% of new ETF launches globally.
Ripple’s $1.25 billion acquisition of Hidden Road, one of the largest mergers in crypto history, underscored its growing institutional presence. The company affirmed:
Over time, Hidden Road will leverage the XRP Ledger to streamline parts of its post-trade operations, including FX, swaps, and repo markets, to reduce operational expenses and increase efficiency.
Additionally, Ripple’s stablecoin, RLUSD, will be used as collateral across Hidden Road’s suite of products, further embedding Ripple’s infrastructure in institutional workflows.
On the regulatory front, the SEC withdrew its appeal against Ripple, agreeing to reduce the penalty from $125 million to $50 million and requesting the court vacate the injunction. Combined with favorable developments from the new U.S. administration—including the repeal of SAB 121, updated OCC crypto custody guidelines, and FDIC policy revisions—Ripple described the evolving environment as a turning point for regulatory clarity in the U.S.
