In 2025, Japanese banks will use XRP. Let's talk about the price trend of XRP
Starting next week, all banks in Japan will follow Ripple's XRP ledger, which is a big deal in the financial industry.
SBI's head Yoshitaka Kitao said that Ripple's hybrid remittance system is awesome!
They plan to put the XRP ledger and the Interledger Protocol (ILP) together, so that cross-border payments will be much simpler and money exchange will no longer be a headache. The XRP ledger is efficient and low-cost, and it is simply a good helper for international remittances. This move by Japanese financial institutions may set an example for the banking system around the world and modernize cross-border payments.
Let's talk about how much the price of XRP will rise if Japanese banks really use XRP?
The Japanese banking industry is a big guy with a value of more than 6 trillion US dollars, which can bring a lot of investment to XRP. Even if only 1% is used, the market value of XRP can rise by more than 60 billion US dollars, and the price will directly rush to 3.5 US dollars. If 10% of banks use it, the price will be even more incredible, soaring to $13.48. This wave of operations has a huge impact on the entire crypto market.
So how will the price of XRP go next?
From a technical point of view, $2.37 is a stable support point, and $3 is what everyone is watching. If it breaks through $3, the next step may be $3.84.
If the Bank of Japan really uses XRP, the price will have to rise by more than 57% from now. However, if the rise is not good, XRP may have to fall back to the $2 position.
In summary, if the Bank of Japan fully uses XRP, the price will soar, and cross-border payments will have to take on a new look. XRP has strong fundamentals and more and more people are using it. It seems that the future is bright!
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