After years of legal battles and regulatory uncertainty, XRP has finally emerged from the shadows to reclaim its position as a top digital asset.
With the SEC dropping its claims against Ripple Labs in August 2025, XRP is once again free to trade in US markets, sparking a resurgence in interest and activity surrounding the token.
Since the settlement, XRP’s market structure has undergone a significant transformation, with liquidity providers returning to the ecosystem and trading volumes soaring to new heights.
Notably, XRP’s spot price has seen a remarkable increase, outpacing other major altcoins in the market.
Return of Liquidity
Following the settlement, XRP’s average daily futures volume has surged, reaching over $10 billion, with open interest on derivatives venues rising over 1,000% year on year.
Analysts attribute this renewed momentum to institutional desks rebuilding exposure to XRP, driving a wave of trading activity and interest in the token.
The Rise of Evernorth
Evernorth, an XRP-focused digital asset treasury company, has announced plans to list on Nasdaq through a SPAC merger, aiming to raise over $1 billion in gross proceeds.
The company’s structure is designed to stabilize the XRP market and provide institutional yield programs, offering a new avenue for regulated exposure to XRP for institutional investors.
XRP ETFs on the Horizon
Several asset managers have filed for XRP ETF approval, signaling a growing interest in XRP as a legitimate asset class for investors seeking exposure to the digital asset market.
If approved, XRP ETFs could attract billions in inflows and solidify XRP’s position as a recognized institutional asset class, completing its evolution from a payments token to a mainstream investment option.
Ripple’s Strategic Expansion
Ripple has made significant acquisitions and investments in its payments and custody infrastructure, aiming to integrate custody, liquidity management, and cross-border payments under one regulated framework.
The company’s efforts to expand its network and partnerships globally indicate a strategic push to embed XRP into compliant financial systems and drive further growth in payment transactions.
