Report finds surprising factors behind a resilient XRP

By: thestreet|2025/05/06 21:30:01
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Institutional support and the nearing end of Ripple's securities violations case are the primary factors behind the resilient performance of XRP during the first quarter of 2025, the latest XRP markets report said.The Wall Street giant Franklin Templeton applied to launch a spot XRP exchange-traded fund (ETF). In addition, Volatility Shares applied to launch three XRP ETFs; CME also launched XRP futures. XRP-based products recorded $37.7 million in inflows during Q1. The year-to-date (YTD) inflows stood at $214 million, only $1 million short of surpassing ETH-based funds.The payments firm also secured a victory in the lawsuit with the Securities and Exchange Commission (SEC) during Q1, ending the multi-year legal saga.The performance of XRP remained resilient during the last quarter. Its value rose around 50% in early February and outperformed both Bitcoin and Ethereum.This is particularly impressive during a volatile Q1 due to the broader market turbulence ahead of President Donald Trump's tariff escalations. Average daily volume of XRP spots hovered around $3.2 billion during the quarter. Trading volume spiked at the end of January and early February before dipping in March. Source: Ripple However, XRP's on-chain activity declined sharply during Q1. The number of transactions fell from 167.7 million in Q4 2024 to 105.5 million in Q1 2025 — a decline of 37.06%.Similarly, new wallets fell from 709,545 in Q4 2024 to 423,727 in Q1 2025 — a decline of 40.28%.XRP is the world's fourth-largest cryptocurrency. As per Kraken's price feed, it was trading at $2.09 at press time — nearly the same price as on Jan. 1.

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