Ripple Turbocharges XRP Reports as Wall Street Cashes In on Crypto’s ’Wild West’

Ripple’s doubling down on transparency—or at least the appearance of it—as institutional players pile into XRP. The quarterly markets report is getting a facelift, promising deeper liquidity insights and usage metrics just as traditional finance starts treating crypto like its reckless younger cousin.

Wall Street’s sudden love affair with digital assets? Cynics might call it FOMO dressed in a three-piece suit. But with Ripple’s corridors now buzzing with bank partnerships and cross-border payment pilots, even the skeptics are watching.

One thing’s clear: When suits start quoting blockchain metrics in boardrooms, you know the revolution’s been institutionalized—and commodified.

That strength was matched by growing institutional interest. XRP-based investment products recorded $37.7 million in net inflows during the quarter, pushing the year-to-date total to $214 million, just $1 million shy of surpassing ETH-focused funds.

XRP spot market activity remained robust throughout the quarter. Average daily volumes hovered around $3.2 billion, with Binance maintaining a dominant share at 40%, followed by Upbit and Coinbase. Price volatility spiked in February, pushing realized volatility to around 130%, as XRP touched levels not seen since early 2018.

On-chain activity on the XRP Ledger moderated after a period of expansion in late 2024. Wallet creation and transaction volume dropped by 30–40%, in line with broader slowdowns across Layer 1 networks.

However, XRP DeFi activity showed resilience, with DEX volume slipping just 16% quarter-over-quarter. RLUSD was a key driver of activity, with its market cap surpassing $90 million and cumulative DEX trading volume crossing $300 million.