In the first quarter of 2025, XRP welcomed its "comeback" moment! Since the U.S. Securities and Exchange Commission (SEC) withdrew its appeal against Ripple, regulatory pressure has dropped sharply, allowing XRP to surge and perform outstandingly.
With ETF enthusiasm, inflows break records
According to Ripple's quarterly report, XRP not only attracts the attention of investors but also surpasses Bitcoin (BTC) and Ethereum (ETH) in both ETF demand and price increase.
"Investment products based on XRP have outperformed BTC and ETH, with inflows reaching $37.7 million, and total inflows since 2025 have already hit $214 million—only $1 million short of the global Ethereum fund!"
Even more exaggerated, even entering April, XRP's popularity remains undiminished, with funds continuing to pour in.
XRP crushes BTC? Data shows there’s nothing to fear!
From the price comparison of XRP and BTC, XRP's performance is also quite explosive.
Data shows that the XRP/BTC ratio rose by over 10% in the first quarter, indicating that XRP's strength is not just market enthusiasm, but a real monetary advantage.
Looking back from November 2024 to early 2025, XRP's overall increase relative to BTC reached 350%!
Of course, leading does not mean resting on one’s laurels. By April, XRP began to show a slight correction against Bitcoin, falling 8% in a single month and around 4% in the first week of May. This also indicates that BTC is slowly regaining its dominant position.
Network activity shrinks, Ripple's holdings attract attention
Aside from market prices, the on-chain activity of the XRP Ledger also fluctuates. According to the report, overall network activity declined by more than 30% in the first quarter, which is related to the overall market cooling.
However, what is more notable is the chips in Ripple's own hands. As of March 31, 2025, Ripple still holds 41.69 billion XRP, accounting for 75.8% of the current circulating supply of approximately 55 billion! This is a significant proportion, and the company has stated it will regularly disclose its holdings over the next 42 months.
Technical aspect: The $2 defense battle has begun!
From a technical analysis perspective, XRP is currently standing at the important threshold of $2, which is precisely the support of the 200-day moving average. If it holds, it may ease downward pressure; but once it falls below, XRP might face a deeper adjustment.
To summarize in one sentence:
XRP shines at the beginning of 2025, not only defeating Bitcoin and Ethereum, but also securing its status as the darling of the ETF market. However, with technical adjustments and a decline in on-chain activity, XRP's next trend may be the real test!