How Ripple's Quarterly XRP Markets Report Works
Ripple Labs has a long-running practice of publishing a recurring report — commonly called the XRP Markets Report — disclosing information about its own XRP-related activity. Here's what that practice is for, in general terms.
This article describes Ripple's general reporting practice and its purpose, not the figures from any specific report — those change every cycle and are best read directly from Ripple's own published materials rather than a secondhand summary.
Why a company would publish this at all
Ripple holds and periodically distributes a very large amount of XRP, primarily through its escrow release schedule (see our escrow guide) and direct or programmatic sales. Because Ripple's own XRP activity can be large enough to matter to the broader market, publishing a recurring report is a voluntary transparency measure: rather than leaving observers to guess at what Ripple is doing with its holdings, the company discloses a summary on a regular cadence.
What this kind of report typically covers
Reports of this kind generally summarize things like: how much XRP was released from escrow during the period, how much (if any) was sold programmatically versus placed back into escrow, and commentary on the company's own XRP-related activity for that period. The exact format and level of detail has varied across different reporting periods over the years.
Why it matters to someone checking rates or holdings
If you're using tools like this site's own Rich List or Wallet Lookup to understand large XRP holders and flows, Ripple's own disclosures are a useful primary source specifically for the portion of supply Ripple itself controls — which is a meaningfully large, identifiable share of total XRP, distinct from the broader set of exchange wallets and individual holders that make up the rest of the rich list.
Where to find the actual current report
Because these reports are periodic and the content changes every cycle, the accurate source is always Ripple's own official published materials for the most recent period — not a general explainer like this one, which is describing the practice rather than any specific report's contents.
Related reading
For the mechanics of how Ripple's own large XRP holdings are locked and released on a schedule, see XRP Escrow Explained. For how to check any address's current holdings yourself using public ledger data, see our Rich List tool.