Overview
- Ripple’s four‑year SEC fight effectively ended in August when both sides dropped appeals, preserving a 2023 ruling that favored the company’s position on XRP sales.
- XRP spot ETFs rolled out across several issuers in 2025 and had drawn over $1.3 billion in net inflows by late December, following an initial Rex Shares–Osprey launch and subsequent products from larger fund firms.
- Despite institutional demand, XRP traded about 48% below its July all‑time high of $3.65 by mid‑December, hovering near $1.90 late in the month.
- Ripple’s RLUSD stablecoin scaled to roughly $1.3–$1.4 billion, added use cases such as Mastercard credit‑card settlements, gained Singapore approval, and received conditional U.S. national bank charter approval with reserves held at BNY Mellon.
- The company spent about $2.7 billion on acquisitions (Hidden Road/Ripple Prime, GTreasury, Rail, Palisade), raised $500 million at a roughly $40 billion valuation, and says XRPL native lending is planned for 2026 with validator voting targeted for late January.