Ripple's XRP Emerges as the Most Traded Cryptocurrency in India During Q1 2025

India's crypto scene is buzzing in 2025, and one name is getting extra attention — Ripple's XRP. While Bitcoin and Ethereum have long dominated conversations

In the ever-evolving landscape of cryptocurrency, India has emerged as a key player, with a rapidly growing interest in digital assets. As 2025 unfolds, one cryptocurrency in particular has captured the attention of Indian traders more than any other — Ripple’s XRP.

While Bitcoin and Ethereum have long been synonymous with cryptocurrency, a recent report by CoinSwitch, one of India’s largest cryptocurrency trading platforms, has revealed a shift in trading patterns.

According to CoinSwitch’s latest analysis of its platform data for the first quarter of 2025, Ripple’s XRP was the most actively traded cryptocurrency among Indian traders. This marks a departure from previous quarters, where tokens like Shiba Inu and Dogecoin enjoyed widespread popularity among traders due to their strong fan bases.

During the period under review, XRP accounted for over 13% of total trades executed on the platform, highlighting its growing presence in Indian traders’ portfolio.

Experts suggest that recent positive developments surrounding Ripple’s global operations and legal battles might have contributed to heightened investor interest in the cryptocurrency. As updates on these matters unfolded, they likely boosted investor confidence, encouraging more traders to engage in buying, selling, and trading activities.

In contrast to the shifting trends in cryptocurrency trading, the report indicates that Bitcoin and Dogecoin remained among the top assets held by Indian investors over the long term.

Despite the introduction of new meme coins like PEPE, which began to attract interest among crypto traders in 2025, and the declining presence of older names like Loopring, the report highlights the enduring appeal of Bitcoin and Dogecoin among Indian investors.

This suggests that while traders might be drawn to short-term opportunities presented by emerging meme coins, individual investors appear to prioritize established cryptocurrencies for their long-term investment strategies.

As new generations of investors enter the cryptocurrency market, they bring with them a keen interest in exploring emerging trends. In early 2025, the spotlight fell on new meme coins like PEPE, which quickly gained traction among traders.

However, in a testament to the rapid shifts in market dynamics, older names like Loopring, which had previously been a hit with crypto investors, began to fade from the spotlight.

This constant evolution showcases the adaptability of both seasoned investors and new traders in pivoting towards fresh opportunities within the cryptocurrency sphere.