Ripple (XRP) price surged 10% in the last 24 hours, driven by broader crypto market gains. Currently trading above $2.4, the rise follows strong market consolidation. Bitcoin (BTC) crossing $97K has further fueled this momentum. Additionally, expectations for Japanese banks adopting XRP by 2025 are strengthening investor confidence in the token’s future prospects.
How High Will XRP Price Go If Japan Banks Use XRP
Next week, every bank in Japan is set to integrate Ripple’s XRP Ledger, marking a significant development in financial technology. This announcement comes from SBI CEO Yoshitaka Kitao, highlighting the transformative potential of Ripple’s hybrid remittance system.
By combining the XRP Ledger with the Interledger Protocol (ILP), the solution aims to streamline cross-border payments and reduce currency conversion complexities.
Japan’s banking sector, valued at $6.372 trillion in market capitalization, could inject substantial investment into XRP price. Conservative estimates suggest a 1% adoption could increase XRP’s market cap by $63.72 billion, driving its price to $3.50.
More aggressive projections, based on a 10% sector-wide adoption, estimate an Ripple price surge to $13.48. These figures underscore the potential ripple effect this adoption could have on the broader crypto ecosystem.
The XRP Ledger’s efficiency and cost-effectiveness position it as an ideal tool for facilitating international remittances. As Japan’s financial institutions embrace Ripple’s technology, the move could set a precedent for global banking systems seeking to modernize their cross-border payment frameworks.
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XRP Technical Analysis
The price of XRP has seen a notable surge of 10% over the past week, reaching $2.38 as of today. The digital asset witnessed a 5.84% rise in the past 24 hours alone, with its trading range fluctuating between a low of $2.25 and a high of $2.44 during this period. Over the past -day the Ripple price has surged from $2.03 level to above $2.4 following the crypto market rebound.
XRP Price Targets: What to Expect Next?
Technical indicators highlight $2.37 as immediate support, while $3 serves as a psychological level to watch. A breakout beyond $3 may propel top altcoin toward $3.84 If Japanese banks use XRP 57.81% rally from current prices. However, failure to sustain momentum could see XRP revisiting the $2 support zone.
The RSI at 67.39 suggests Ripple price is approaching overbought conditions, signaling potential consolidation before further upward movement.
XRP Price Chart: TradingView
If Japan banks fully adopt XRP, its price could surge significantly, setting a new standard for cross-border payments. With robust fundamentals and growing adoption, XRP’s future looks increasingly bullish.
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