Ripple (XRP) $2.4 Its price increased by 10% in the last 24 hours, reaching over $2.4. This rise was influenced by positive movements in the overall crypto market. Bitcoin 
$96,632.0Exceeding the 97 thousand dollar level also increased the momentum of XRP. Additionally, the expectation that Japanese banks will adopt XRP by 2025 has strengthened investor confidence.
Japanese Banks Adopt XRP
In the future, banks in Japan may integrate Ripple’s XRP Ledger. SBI CEO Yoshitaka Kitao highlighted the transformative potential of Ripple’s hybrid remittance system. The combined XRP Ledger and Interledger Protocol (ILP) aim to facilitate cross-border payments and reduce currency conversion challenges.
“Ripple’s technology has the potential to revolutionize international financial transactions.” -Yoshitaka Kitao.
XRP price increased by 10% last week, reaching $2.38. It fluctuated between $2.25 and $2.44, increasing by 5.84% in the last 24 hours. Ripple price rose from $2.03 to over $2.4 following the recovery in the overall crypto market.
Price Targets and Future Expectations
Technical indicators point to $2.37 as immediate support. $3 should be watched as a psychological level. If it rises above $3, the XRP price is expected to rise up to $3.84. However, if the momentum does not continue, it is possible for XRP to return to the $2 support level.
The Relative Strength Index (RSI) is at 67.39, indicating that Ripple price is approaching overbought conditions. This indicates that there may be a period of consolidation in price movements.
Japanese banks’ adoption of Ripple technology could lead to increased capital to invest in XRP. This development may also serve as an example for global banking systems’ efforts to modernize their cross-border payment infrastructures.
XRP Ledger’s efficiency and cost-effectiveness make it an ideal tool to facilitate international remittances. While Japanese financial institutions are adopting Ripple technology, this step could pave the way for similar applications in other countries.
The future of XRP looks increasingly positive, with solid fundamentals and increasing adoption rates.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
