Coinbase reported a turbulent first quarter, with a drop in income, a sharp drop in net income and a weakening of the detail negotiation activity – but XRP has become a major positive point for the exchange of crypto.
According to its report on the results of T1 2025, Coinbase saw its detailed crypto negotiation volume drop by $ 17% to $ 78 billion, because Bitcoin dropped 11% over the same period.
Total turnover dropped from 10% in annual sliding to $ 2 billion, and net profit dived from 94% to $ 66 million. Coinbase actions dropped 6% following results in the midst of a broader slowdown in technological actions.
XRP offers outstanding performance
Despite the bad title titles, XRP delivered an out -of -competition performance.
Coinbase has generated more income from XRP transactions than Ethereum (ETH) or Solana (soil), marking a significant change in trading behavior.
XRP has represented 18% of business consumer negotiation income – starting both ETH and soil combined and followed by Bitcoin in the contribution of income.
Even more striking, the deposit of the Securities and Exchange Commission (SEC) of Coinbase showed an increase of 458% in annual sliding of the value of XRP held on the platform.
This occurs less than a year after the scholarship resumed the XRP negotiation following a court decision in July 2023 which erased the undulation of violations of the securities law for stock market sales.
XRP also led all cryptocurrencies in the growth of deposits in Coinbase in the past year, signaling a renewal of the interests of retail.
While Bitcoin and Ethereum remain the nuclei, bitcoin increasing by 35% in the first quarter and Ethereum totaling $ 250 million in value, XRP momentum is distinguished as a potential catalyst for future growth.
However, the overall Coinbase performance has been hampered by nearly $ 600 million in unrealized losses in its cryptographic participations.
The company’s drop in net income reflects wider pressures on the market, in particular following the aggressive pricing policies of US President Donald Trump, who contributed to global economic uncertainty.
In a strategic decision, Coinbase has recently agreed to acquire an dripping of crypto options for $ 2.9 billion, signaling a thrust in derivatives to diversify sources of income and stabilize profits on the volatile markets.
The performance of the Q1 of Coinbase is parallel to Robinhood’s, which also reported a drop in the volume of cryptographic negotiation, from $ 71 billion at the end of 2024 to 46 billion dollars in the last quarter.
XRP tries recovery after a lively withdrawal, but the bullish momentum faces the resistance
XRP is currently negotiated at $ 2.36 after a recent rebound, but technical indicators show mixed signals on time.
On the one -minute graphic, the RSI exceeded 63, suggesting a bullish short -term momentum. However, the price action remains close to the upper band of Bollinger, often a short -term exhaustion signal.
Meanwhile, the MacD barely begins a modest Haussier crossing, indicating that the upward momentum is built, although cautiously.
Over the 30 -minute period, XRP seems to stabilize after a strong rally earlier this week. The RSI is neutral around 52, signaling a potential consolidation phase rather than a strong directional movement.
Bollinger strips widen slightly, indicating the increase in volatility, while the price remains above the midline. However, the MacD momentum is flattened, suggesting that buyers may need more volume to push higher.
Overall, the recovery of XRP prices shows signs of strength, but the momentum remains fragile. If the bulls can maintain above the support level of $ 2.35 and pass through a resistance of $ 2.38, more upwards could materialize.
Otherwise, non-compliance with the purchase pressure can lead to another retest of the lower Bollinger strip almost $ 2.33.
XRP Tops ETH post-coin revenues, SOL AS Holdings Saar 458%-Is the XRP price ready for break? appeared first on Cryptonews.
