๐๐ $XRP Price Prediction: Japan Banks Set to Adopt XRP by 2025
๐ XRP Surges on Adoption News
XRP surged 10% in the last 24 hours, trading at $2.4 amid a broader crypto market rebound. Bitcoin crossing $97K added momentum, while anticipation of Japanese banks adopting XRP Ledger by 2025 fuels investor optimism.
๐ฆ Japan Banks and XRP Integration
SBI CEO Yoshitaka Kitao announced that Japanese banks will integrate XRP Ledger with the Interledger Protocol (ILP) to streamline cross-border payments. Even a 1% adoption from Japanโs $6.37 trillion banking sector could push XRPโs price to $3.50.
๐ Aggressive Projections
A 10% adoption scenario suggests XRP could skyrocket to $13.48, highlighting the massive potential impact on its market cap and adoption curve. This integration could set a precedent for global financial institutions.
๐ผ Technical Analysis Overview
XRP trades between $2.25 and $2.44, with $2.37 acting as immediate support and $3 as a psychological resistance level. A breakout above $3 could push XRP toward $3.84, representing a 57.81% rally.
๐ Indicators Signal Consolidation
The RSI at 67.39 indicates XRP is nearing overbought territory, suggesting potential short-term consolidation before resuming an upward trajectory.