The integration of $XRP into Japan's banking system, as anticipated by 2025, could significantly boost the cryptocurrency's value. The announcement, led by SBI President Yoshitaka Kitao, signals that Japan's banks will adopt Ripple's XRP Ledger and the Interledger Protocol (ILP) to streamline cross-border payments. This integration promises more efficient, cost-effective international settlements by addressing currency conversion issues and optimizing financial transactions.
As for the impact on XRP's price, moderate estimates suggest that even a 1% adoption of Japan's $6.372 trillion financial market could raise XRP's market capitalization by $63.72 billion, potentially pushing the price to around $3.50. More optimistic projections, based on a 10% adoption rate, suggest a much higher price of $13.48.
In terms of technical analysis, XRP's immediate support level is at $2.37, with $3 being a crucial psychological barrier. A breakthrough past this level could lead to an upward trend toward $3.84. If Japanese banks fully integrate XRP, the price could see substantial growth, positioning $XRP as a key player in global finance.
Ultimately, if this adoption succeeds, $XRP could set a new standard for cross-border transactions, pushing its value significantly higher. The trend for XRP's future remains bullish, given its growing institutional support and real-world applications.
