In 2025, every bank in Japan is set to adopt Ripple’s XRP Ledger, signaling a major shift in financial technology. Announced by SBI CEO Yoshitaka Kitao, the integration with the Interledger Protocol (ILP) aims to streamline cross-border payments and simplify currency conversions.
This announcement comes as XRPUSD has been trading within a Descending Triangle pattern on the daily chart, following a strong bullish movement.
XRP Integration in Japan’s Banking Sector
The XRP Ledger is viewed as a cost-effective and efficient tool for international remittances, potentially modernizing global banking systems.
EARTH-SHATTERING NEWS!!!In Japan, almost every bank is starting to adopt #XRPDavid Jevans, RakutenDec, 2019 pic.twitter.com/MHALlO3F5t
— Bull Diep (@DiepSanh) December 27, 2019
The integration of XRP into Japan's $6.372 trillion banking sector could influence its market performance. A 1% adoption rate might increase XRP’s market capitalization by $63.72 billion, raising its price to $3.50. A 10% adoption rate could drive its price up to $13.48. These projections highlight the potential impact of XRP's broader adoption.
XRPUSD Trading Within Descending Triangle
After a bullish move, XRPUSD has been undergoing corrections. The daily chart shows it trading within a Descending Triangle pattern, with the $2 horizontal level acting as support. Buyers may look to go long again if there is a bullish breakout above the triangle's resistance.
XRP Price Predictions for 2025
Analysts anticipated XRP to trade between $1.91 and $2.50 for December 2024. However, the immediate concern is defending current support levels to stabilize market sentiment.
Happy New Year, everybody!Let's start 2025 with some great news on XRP. Today, I want to announce that we have completed the correction pattern in the weekly time frame!We conducted a detailed analysis on Patreon and addressed a structure on 9-Dec-24, stating that XRP will… pic.twitter.com/Hd0beUVjJg
— Dark Defender (@DefendDark) January 1, 2025
For January 2025, XRP is projected to fluctuate between $1.35 and $2.12. Estimates for February suggest a slight variation, with prices ranging from $1.30 to $2.50, as reported by Finance Magnates.
Looking ahead to the end of 2025, if institutional adoption increases, analysts predict XRP could potentially reach $5 or more, indicating stronger market confidence and demand.
Egrag, a well-known analyst with 70,000 followers on X (formerly Twitter), offers a more optimistic forecast, suggesting XRP could rise to $50, though such projections remain speculative.
This article was written by Tareq Sikder at www.financemagnates.com.
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