Ripple just dropped The Q1 2025 XRP Markets report, and reads it like a success in success. From crushing it to the market to finally close the long legal conflict with the SEC, Ripple's start to the year is exciting.
Sec Case closed: Ripple is walking away from a winner
In one of the biggest stories of the year for the crypto, the SEC officially lowered the appeal against Ripple, which ended their multi-year legal fight. The regulator also agreed to lower the proposed penalty from $ 125 million to $ 50 million and asked the court to cancel the injunction against Ripple. And it's not just ripple that gets a break. The new US government has rolled out some of the old crypto restrictions.
A $ 1.25 billion power transfer
The company bought Hidden Road, a global chief broker, for a $ 1.25 billion. The deal provides new ripple tools to expand institutional services. Hidden Road will begin to use Ripple's RLUSD Stablecoin as collateral and relies on the XRP ledger for faster and cheaper post-trade operations on foreign exchanges, swaps, and repo markets.
The Ripple's XRP Holdings to Rise
By the end of March 2025, Ripple held 4.56 billion XRP, from 4.48 billion at the start of the year. Another 37.13 billion XRP remains locked in the escrow, gradually emitting over the next 42 months.
XRPL activity cools down, but Defi remains strong
After a large spike in late 2024, the on-chain activity on the XRP Ledger settles a bit. Transaction numbers and new purse creations both drop by about 30-40%, tracking what is happening in the broader crypto market.
But a bright spot is standing – Defi activity is held better than most blockchains. Trade volumes in the decentralized exchange (Dex) were submerged only 16%, while other major chains saw several drops of drops. Ripple's RLUSD Stablecoin also captured the ground, crossing a $ 90 million market cap with over $ 300 million exchanged with Dexs.
XRP is making a marketplace
While Bitcoin and Ethereum are struggling for those acquired in Q1, XRP has stolen the spotlight. It jumped nearly 50% in early February and lasts while other big names dropped. Even in market revolts, the XRP has proven to be one of the strongest performing properties in space.
The numbers tell the story. XRP-based investment products have seen $ 37.7 million in flows in just three months, pushing 2025 its total to $ 214 million-now only $ 1 million away from Ethereum's excessive funding.
But there is a major change – after eight years of publishing these detailed reports, Ripple announced that this would be the final format. The company says it's time to change how it talks in the market. “After the careful consideration, the Ripple has decided to sink the report in the current form starting with Q2 2025,” the report read.
