XRP Price Prediction: Japanese Banks’ XRP Adoption Could Signal Major Price Movement – Is $10 on the Horizon?

Japan's financial sector might be on the verge of a major shift toward XRP adoption. SBI Group's leader Yoshitaka Kitao envisions XRP revolutionizing how Japan's migrant workers send money home, making transfers faster and cheaper.

Bank of Japan might be considering using XRP for international payments, which could lead to widespread adoption by financial institutions and a significant increase in XRP usage.

If this happens, we could see XRP being used by a large portion of Japan’s migrant worker population to send money back home, thanks to XRP’s fast and cheap transactions.

According to industry sources, this wave of adoption could culminate in XRP being integrated by up to 80% of Japanese banks.

As a result of this integration, trading activity and market liquidity could both increase substantially.

Furthermore, if other Asian financial centers follow Japan’s lead, XRP might experience an “unprecedented” surge in demand.

According to market analyst Farshad Rouhani, this development could set the stage for XRP to reach $10 by early 2025, as Japanese banks begin offering payment systems powered by XRP.

While XRP is making waves in traditional finance, another project called PlutoChain is aiming to introduce new capabilities in the Bitcoin space.

Their hybrid Layer-2 technology could give Bitcoin’s ecosystem a serious upgrade in the coming weeks.

Let’s check out the details.

Bitcoin is still struggling with its core infrastructure, which often results in users experiencing lengthy transaction times, high fees, and network congestion, all of which could hinder its mainstream adoption.

These scaling issues might become even more pressing as usage grows.

However, PlutoChain ($PLUTO) might offer a solution with its hybrid Layer-2 architecture, which is designed to operate in parallel with Bitcoin’s main chain.

By doing so, this project might significantly reduce fees and ease congestion, potentially solving Bitcoin’s long-standing scalability challenges.

To illustrate the difference in speed, while Bitcoin typically takes 10 minutes to process blocks and lags behind networks like Ethereum and Solana, PlutoChain’s Layer-2 solution could achieve block times of approximately 2 seconds.

This improvement might enable faster smart contract execution while maintaining the robust security guarantees of Bitcoin’s network.

One of the key features of PlutoChain is its Ethereum Virtual Machine (EVM) compatibility. This feature could create a bridge between Bitcoin and the vast ecosystem of Ethereum-based applications.

Projects focused on decentralized finance, NFT marketplaces, and emerging AI applications might soon flourish within Bitcoin’s ecosystem, potentially breathing new life into the network.

Early performance indicators show that PlutoChain could process up to 43,200 transactions per day without experiencing slowdowns, according to testnet results, which suggests robust scalability potential.

When developing PlutoChain, security was a top priority. The project has undergone several audits from respected firms including SolidProof, QuillAudits, and Assure DeFi.

Additionally, the network is subjected to regular stress testing, which could help ensure its stability even under heavy load conditions.

Another cornerstone of the project is community governance. Through its decentralized governance model, PlutoChain aims to give users a direct role in shaping the network’s future.

Community members might propose changes and participate in voting on crucial protocol decisions, potentially creating a more democratic and user-driven development process.

The project might gain traction as a potential upgrade in the Bitcoin ecosystem, while XRP’s momentum in Japanese banking could drive major price movements.