XRP News Today: XRP Surpasses Ethereum in Coinbase Revenue Share for First Time Since 2022

Coinbase’s second-quarter 2025 earnings report has unveiled a significant shift in the platform’s trading revenue composition, with XRP outperforming Ethereum for the first time since 2022 [1]. According to the report, XRP accounted for 13% of Coinbase’s Q2 revenue and 16% of total first-half revenue, eclipsing Ethereum’s 12% and 11% in the same periods [1]. This marks a notable recovery for XRP, which had been delisted from the exchange for over two years due to Ripple’s legal dispute with the U.S. Securities and Exchange Commission (SEC). Following a favorable court ruling in 2024, XRP trading resumed on Coinbase, sparking renewed interest and helping the token surpass USDT as the third-largest cryptocurrency by market capitalization [1].

The data suggests that investors are increasingly favoring altcoins with clear regulatory clarity and strong use cases. Despite recent volatility, XRP has managed to outperform Ethereum in revenue generation, highlighting a shift in capital allocation strategies across the crypto market [2]. This trend appears to be driven by a broader resurgence in trading activity, particularly among alternative coins, amid a more favorable regulatory environment.

However, XRP experienced a sharp decline on July 17, 2025, dropping 8% to $2.91 amid heavy selling pressure and large whale outflows [3]. The decline followed a significant accumulation phase in which 310 million XRP tokens were purchased ahead of a recent price surge. The episode underscores the market’s sensitivity to macroeconomic pressures and liquidity shifts, even for tokens with improving fundamentals.

Looking forward, XRP’s trajectory may hinge on further regulatory developments. A Bloomberg analyst has forecasted that an XRP ETF could receive approval by September or October 2025, which could significantly enhance demand and liquidity for the asset [4]. However, it is important to distinguish between such projections and actual regulatory decisions. While speculative momentum builds around XRP, the broader market remains subject to external factors including geopolitical events and macroeconomic trends.

Coinbase CEO Brian Armstrong has also outlined the company’s broader vision of becoming an “everything exchange,” where users can access a diverse range of tokenized assets in one place [1]. The platform is planning to integrate decentralized exchanges (DEXs), new derivatives, tokenized stocks, and early-stage crypto projects in the coming months. These developments could further drive on-chain adoption and facilitate smoother transitions for users moving from traditional financial systems to blockchain-based alternatives.

As the crypto market continues to evolve, the rise of XRP on Coinbase reflects a growing appetite for altcoins with regulatory clarity and tangible utility. Whether this momentum is sustained will depend on both institutional adoption and the broader regulatory environment in the U.S.

Sources:

[1] https://www.ainvest.com/news/xrp-news-today-xrp-overtakes-ethereum-coinbase-transaction-revenue-share-2508/

[2] https://coinpaper.com/10304/xrp-outshines-ethereum-in-coinbase-q2-earnings-amid-black-rock-etf-frenzy

[3] https://cryptoadventure.com/ripples-xrp-tanks-8-in-24-hours-as-market-volatility-grips-traders

[4] https://coingape.com/bloomberg-analyst-predicts-xrp-etf-approval-set-for-october-bloomberg-analyst-predicts-xrp-etf-approval-september-october/