XRP Hits All-Time Quarterly High as Institutional Adoption Spikes

XRP closed Q3 2025 at $2.85, marking its strongest quarterly performance ever. The token’s market cap reached $170.3 billion, growing 29% from the previous quarter.

This growth outpaced the combined performance of Bitcoin, Ethereum, and Solana, which together increased by just 13.3% during the same period, according to the latest Messari report.

XRP ETF Approval Timeline Takes Shape

The path toward a U.S. spot XRP ETF became clearer in July when the SEC published its listing standards for crypto exchange-traded products. These rules require at least six months of futures trading history before an ETF can launch.

XRP futures began trading on Coinbase’s Derivatives Exchange in April and on CME in May, putting the token on track for potential ETF approval by the end of 2025.

Seven U.S. spot XRP ETF applications are currently pending with the SEC. Market prediction platform Polymarket shows a 99% probability that at least one will receive approval in 2025.

Meanwhile, XRP ETFs have already launched in Canada and Brazil, with three Canadian funds starting in June and Brazil’s first spot XRP ETF debuting in April.

Corporate Treasury Adoption for XRP Grows

Following the corporate bitcoin treasury strategy popularized by Michael Saylor, several publicly traded companies have announced XRP acquisitions.

U.S.-based Trident Digital Tech Holdings leads with $500 million, followed by Webus International at $300 million.

Other American companies like Wellgistics, Nature’s Miracle Holding, and Reliance Group Global have committed smaller amounts ranging from $10 million to $50 million.

Japanese gaming company Gumi announced plans to purchase $17.5 million in XRP, while SBI Holdings’ XRP position exceeds $10 billion as of Q3’s close. These corporate moves signal growing confidence in XRP as a treasury asset.

Ripple Network Activity and Real-World Assets

The XRP Ledger processed an average of 1.8 million daily transactions in Q3, up 8.9% from Q2. Daily active addresses grew 15.4% to 25,300, while new address creation jumped 46.3% to 447,200.

These numbers are particularly meaningful because creating an XRPL account requires a 1 XRP deposit, which prevents fake account spam.

Real-world asset tokenization on the XRPL reached $364.2 million, surging 215% from the previous quarter. Notable issuances included Ondo’s OUSG treasury fund, Guggenheim’s Digital Commercial Paper, and Ctrl Alt’s tokenized real estate properties.

The network also saw growth in institutional-grade features like multipurpose tokens, which allow RWA issuers to embed important metadata such as maturity dates and transfer restrictions.

Stablecoin Growth and Infrastructure

Ripple’s RLUSD stablecoin grew to $88.8 million on the XRPL, increasing 34.7% quarter-over-quarter. The stablecoin launched on both XRPL and Ethereum, with a combined market cap of $789.3 million.

RLUSD’s growth came alongside partnerships with major institutions. DBS and Franklin Templeton used it for the first repo trade involving a tokenized money market fund, while Bullish settled part of its IPO proceeds in RLUSD.

Circle’s USDC also launched on the XRPL in June, adding to the network’s stablecoin ecosystem. StraitsX introduced XSGD (Singapore dollar-backed), while Schuman Financial’s EURØP became the first MiCA-compliant euro stablecoin on the network.

Looking Ahead

The XRPL continues building features for institutional adoption. Upcoming additions include confidential tokens using zero-knowledge proofs, credential systems for KYC/AML compliance, and a native lending protocol.

These developments position XRP and its underlying network for continued growth as regulatory clarity improves and institutional demand increases.

Interested in learning how to day-trade crypto? Get all the information you’ll need here.