XRP’s Daily Trading Volume Now Dwarfs That of BlackRock

• The closure of the Ripple vs SEC lawsuit has been a major turning point for the XRP global market. 
• Several fund managers have already filed amended S-1 filings for spot XRP ETFs with the U.S. SEC.
• XRP holders are anticipating a major historical bullish breakout fueled by robust fundamentals.

Ripple Labs-backed XRP recently temporarily flipped BlackRock Inc. (NYSE: BLK) in market valuation. According to aggregate data from Binance-backed CoinMarketCap, XRP had a market capitalization of about $176 billion and a fully diluted valuation of around $296 billion.

The XRP’s market cap has slipped from $210 billion amid the ongoing crypto market correction.

In the past 24 hours, the XRP market recorded a traded volume of about $6.9 billion. According to market data analysis from CoinGlass, XRP’s Futures Open Interest (OI) has surged from $3.87 billion on 25th June 2025, to around $8.1 billion on 25th August 2025.

On the other hand, BlackRock’s market capitalization was about $187 billion. According to aggregate data from MarketWatch, BlackRock’s stock market recorded a net average traded volume of about $591k, which is a fraction of XRP’s.

Related: XRP Bulls Get a Shield (Legal Clarity) and a Sword (ETFs)

Major Reasons Why XRP Has Outshined BlackRock

Regulatory Clarity 

After years of legal battles, Ripple Labs can finally focus on growing its products and global market reach. Last week, the United States Court of Appeals for the Second Circuit approved the joint dismissal of the long-standing Ripple vs SEC case. 

The closure of the Ripple vs SEC case has coincided with the ongoing bid by the Donald Trump administration to create clear crypto regulations. Already, the U.S. lawmakers are working on the Clarity Act after recently passing and enacting the GENIUS Act.

Related: Cardano’s Lace Wallet to Integrate XRP, Earns Praise & Participation from Lawyer John Deaton

Renewed Demand From Institutional Investors

Following the notable crypto regulatory clarity, institutional investors have increased their stake and demand for digital assets. Late last week, following the closure of the Ripple vs SEC case, Canary, CoinShares, Franklin, 21Shares, WisdomTree, and Bitwise filed for amended S-1 filings for spot XRP ETF with the agency.

The palpable demand for XRP by institutional investors has helped it outshine BlackRock in market valuation.

Global Market Expansion

Ripple Labs has made deliberate efforts to grow XRP’s adoption in the global market. The blockchain payment company has been seeking a banking operating charter in the United States in addition to operating licenses in global jurisdictions.

The company’s payment products including Ripple USD (RLUSD) have helped expedite the mainstream adoption of XRP.

Crypto Bullish Sentiment 

The XRP market has outshined that of BlackRock, which has over $10 trillion in assets under management, fueled by the macro crypto bullish outlook. The crypto market has gained a bullish outlook in the recent past fueled by anticipated monetary policy changes in the United States amid growing global money supply.

Midterm Expectations 

The XRP price performance in the past few months has echoed the 2017 crypto rally, which was largely fueled by retail traders. With the 2025 crypto bull rally heavily influenced by institutional investors, it is safe to assume that the XRP price will likely enter the parabolic phase of the macro bull rally soon.

From a technical analysis standpoint, XRP price has been retesting its weekly bullish breakout from 2018’s all-time high. In the daily timeframe, XRP price has been forming higher highs and higher lows, a well-known characteristic of a rising trend.