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Ripple overview: In 2025 XRP will be used by all Japanese banks -  CEO of SBI Group

  • Yoshitaka Kitao makes another sensational forecast about XRP’s mass adoption.
  • XRP/USD slips below the channel support.
Ripple overview: In 2025 XRP will be used by all Japanese banks -  CEO of SBI Group
Tanya AbrosimovaTanya AbrosimovaIndependent Analyst

The CEO of SBI Group Yoshitaka Kitao believes that by 2025 all banks in Japan will use Ripple’s XRP. He also aims to open several banks in Japan and use the token during Osaka Expo 2025. 
Apart from that, SBI plans to launch the VC trade, which will allow trading XRP against the Japanese Yen. The platform is scheduled to go live in March 2019.

It is not the first time SBI Group’s top-management produces optimistic forecasts about XRP. Earlier this month Yoshitaka Kitao said that Ripple company had a potential to revolutionize the crypto space, while XRP would surpass Bitcoin by market value.

 At the time of writing, XRP/USD is changing hands at $0.3143, down 1.2% since this time on Wednesday. The total capitalization of the third largest coin has settled at $12.9B with an average daily traducingly volume $626M.

The price slipped below the lower boundary of the recent channel $0.3240-$0.3150, which is an ominous signal for XRP bulls. If they fail to push the coin back inside the range, the downside pressure may increase with the next focus on $0.30.

XRP/USD, 4-hour chart

Author

Tanya Abrosimova

Tanya Abrosimova

Independent Analyst

 

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