Ripple is reshaping its quarterly XRP Markets Report to reflect a new era of institutional engagement. The company announced that the upcoming Q2 2025 edition will be the last in its current form, with future iterations offering more expansive data and tailored insights for an increasingly professional audience.

Initially launched to bring transparency to Ripple’s XRP sales and market operations, the report has become a recurring fixture in the crypto space. Yet Ripple noted that its openness has occasionally been weaponized by regulatory actors, prompting a reassessment of how it communicates progress.

“With growing participation from institutional players, we believe it’s time to elevate the scope and sophistication of our reporting,” the company stated in its Q1 2025 update.

The timing coincides with a growing wave of XRP ETF filings across multiple jurisdictions, including the U.S. and Brazil. In April, the first leveraged XRP ETF went live — a milestone for the token’s market maturity.

XRP itself has seen renewed momentum. The asset gained nearly 50% in February alone and outpaced both bitcoin and ether during the first quarter. Its trading pair with BTC rose over 10%, reinforcing XRP’s strength amid broader volatility.

Institutional appetite followed suit. XRP investment products pulled in $37.7 million during Q1, lifting total 2025 inflows to $214 million — placing it neck and neck with Ethereum-based products.

Spot trading remained robust, averaging $3.2 billion in daily volume. Binance accounted for the lion’s share at 40%, with Upbit and Coinbase close behind. February’s market activity also brought extreme price swings, pushing realized volatility to 130% — the highest since 2018.

While overall network activity on the XRP Ledger softened from late 2024 highs, the DeFi sector showed resilience. DEX volumes dropped just 16% quarter-over-quarter. Ripple’s RLUSD stablecoin gained traction, exceeding $90 million in market cap with $300 million in cumulative DEX volume.

As institutional use cases deepen and the ecosystem diversifies, Ripple’s decision to expand the scope of its reporting aims to meet the growing demands for transparency — not just in holdings, but in insight.