Ripple Overhauls XRP Market Reports as Wall Street Comes Knocking—Just in Time for the ETF Gold Rush

Institutional money floods into XRP as Ripple retools its quarterly reports—because nothing screams ’mainstream adoption’ like catering to suits who still think ’blockchain’ is a spreadsheet upgrade.

The revamp drops jargon for institutional-grade data, tracking everything from ODL corridors to custody trends. Because when ETF hype builds, even crypto’s black sheep need a clean suit.

Funny how demand surges when regulators stop playing whack-a-mole and start drafting rulebooks. Maybe those ’security’ lawsuits were just growing pains after all.

XRP outshines BTC

The report added that XRP’s average daily trading volume has fluctuated around $3.2 billion for the past six months.

However, XRP outperformed BTC by 10%, according to the XRP/BTC ratio – A metric which tracks relative price strength between the two assets. 

“The XRP/BTC ratio increased yet another time in Q1 by more than 10%, highlighting the strong relative performance against the major currency in the ecosystem.”

Source: XRP/BTC ratio, TradingView 

XRP outperformed BTC by +350% between November 2024 and early 2025. However, BTC has strengthened against the altcoin lately, despite the 10% lead in Q1 2025.

In April, XRP slipped by 8% against Bitcoin and was down about 4% in the first week of May. 

For XRP Ledger, the report noted that network activity dropped by over 30%, mirroring the broader market’s contraction in Q1. 

That being said, as of 31 March 2025, Ripple reportedly held 41.69 billion XRP tokens – About 75.8% of the circulating supply (about 55 billion tokens). In fact, Ripple claimed that it will periodically update its XRP holdings for the next 42 months. 

On the daily price chart, XRP seemed to be on the verge of dropping below $2. This was also the 200DMA (Daily Moving Average) – A potential support that could ease the pullback. However, a crack below the support level could drag XRP lower on the charts. 

Source: XRP/USDT, TradingView