Reports indicating that approximately 80% of Japanese banks aim to adopt $XRP by 2025, signaling a significant shift in the financial sector towards blockchain technology and digital currencies.
The adoption of XRP by Japanese banks is expected to streamline cross-border payments, benefiting consumers & retailers in reducing transaction times & costs.
Japan's circulating Currency supply is approx $11 Trillion USD ($17.75 Trillion AUD)
Source : the-blockchain.com
How High Will Ripple Go In 2025?
Ripple gained 1.56% in the last 24 hours, trading at $2.40, while its trading volume dropped by 42.83% to $6.18 billion.
The potential adoption by Japanese banks and renewed investor confidence following changes in SEC leadership have bolstered interest in Ripple. Its role in facilitating cost-effective cross-border payments through Ripple’s Ledger continues to draw attention.
Crypto analyst Dark Defender highlighted that XRP has formed a descending triangle pattern on the daily chart, signaling a potential breakout. The key support level is $1.95; holding this level keeps a bullish outlook intact. If momentum builds, price targets could reach $2.22, $2.72, $2.90, and possibly $5.85. However, if support fails, XRP may test lower levels at $1.88 or $1.63.
Community reactions remain mixed. Some focus on XRP’s utility in cross-border payments rather than short-term patterns. Others see XRP driven by stablecoin RLUSD and anticipate a 2025 bull market pushing prices higher.
With XRP surpassing USDT in market cap and its ongoing legal challenges advocating for regulatory clarity, its position as a key player in digital finance is evident. As volatility persists, both fundamentals and technical indicators will shape its trajectory. $XRP
