- XRP started 2025 strong, regaining momentum and trading at $2.17
- Reports indicate Japanese banks are set to adopt XRP, boosting its utility
- XRP Ledger is seen as a robust Web3 platform for quick, safe cross-border transactions
Arguably the trendiest altcoin of 2024 started the new year on a high note. Over the last 24 hours, Ripple Labs’ XRP has regained some of its lost momentum during the week as investors get ready for major developments in January.
XRP ended 2024 trading at its lowest level since November 5th at $2.09 per token. Once 2024 arrived, the altcoin gained significant momentum—currently trading at $2.17. Overall, the asset is up 2.47% over the past 24 hours.
Interestingly, XRP is the only cryptocurrency in the top 15 by market capitalization to start off 2025 bullish. With major developments to come once Donald Trump takes office, investors are excited for what’s to come.
While it’s important not to get ahead of ourselves, the reason for today’s surge in value is not rooted in American soil but rather on the other side of the globe. Reports have surfaced indicating that XRP is gaining utility in Japan, as banking firms are set to adopt the currency.
About 80% of all Japanese banks could adopt XRP into their banking platforms in 2025, a move that could significantly add utility and liquidity to the asset, while further broadening Ripple’s cross-border payment functionalities.
XRP Ledger is often viewed as one of the most robust and useful Web3 platforms as it allows for quick and safe cross-border transactions using XRP as a bridge. As more financial institutions adopt the altcoin, Ripple Labs could continue to cement its position as one of the most prominent cryptocurrencies in the market.
