The lawsuit between the SEC and Ripple, which has been going on for years, has resulted in a positive outcome, and interest in XRP has increased.
While the XRP price has risen to $3 due to many factors, XRP is breaking new records in Japan. Japan’s banking sector is preparing for a major change, with nearly 80% of banks planning to adopt XRP by 2025.
At this point, according to a report prepared by SBI VC Trade, the cryptocurrency arm of Ripple partner SBI Holdings, XRP has surpassed Ethereum in trading volume in the last 30 days. Accordingly, while XRP became the second most traded cryptocurrency last month, just after Bitcoin, this was interpreted as a strong sign that XRP still has a large follower base, especially in Japan, where it has been popular for years.
According to the data, Japanese investors preferred Bitcoin (BTC) in first place, XRP in second place, Ethereum (ETH) in third place, Solana (SOL) in fourth place, and Dogecoin (DOGE) in fifth place.
SBI Group CEO Yoshitaka Kitao voiced his strong support for XRP, highlighting its growing use in international money transfers via RippleNet. In a sign of XRP’s growing popularity in Japan, XRP was recently made available on Mercoin, one of Japan’s largest marketplaces, as the third cryptocurrency after Bitcoin and Ethereum.
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*This is not investment advice.