RIPPLE DROPS Q1 REPORT: ETF BUZZ, SEC BACKS OFF AND MORE

- @Ripple has kicked off 2025 with impressive growth, as detailed in its Q1 report. The company saw a 1.7% increase in its total XRP holdings, reaching 4.56 billion XRP as of March 31.

- The Q1 report reflects positive market trends, including significant institutional support and strategic acquisitions.

Key Highlights:

Institutional Backing for XRP:

- Ripple secured support from major institutions like Franklin Templeton, which filed for an $XRP-based ETF.

- Additionally, Brazil’s CVM approved a dedicated XRP ETF, and CME Group launched XRP Futures.

- XRP investment products saw $37.7 million in weekly outflows, bringing the YTD total to $214 million.

XRP Performance:

- Despite market turbulence, XRP outperformed major cryptos like Bitcoin and Ethereum in Q1. It surged nearly 50% in February, cementing its resilience in volatile conditions.

Ripple's Strategic Acquisition:

- Ripple acquired Hidden Road for $1.25 billion, marking one of the largest acquisitions in crypto history.

- The deal strengthens Ripple's push to promote RLUSD, its USD-backed stablecoin, for institutional use.

Regulatory Developments:

- The U.S. SEC closed a multi-year legal chapter, withdrawing its appeal against Ripple. This marks a significant victory for Ripple and the wider crypto industry, as regulatory clarity improves under the new U.S. administration.