80% Of Japan Banks Skipping On BTC And ETH In Favor Of XRP

• 80% of Japanese banks have XRP in their crosshairs.
• SBI Holdings is reportedly gearing up to back its reserves using XRPL’s native token.
• Peter Brandt sees the token rallying from $4 to $30.

Governments and financial institutions in the US, European Union, and other key markets are exploring the integration of Bitcoin (BTC) in their national reserves. However, Japan is apparently skipping BTC and Ethereum (ETH) in favor of XRP.

Japan Businesses Stacking Up on XRP

According to The Crypto Times, XRP is on the radar of almost 80% of Japan’s banks. These firms are considering the adoption of the digital asset or its underlying technology into their systems this year.

Among the eyed primary use cases for the crypto is its utility in cross-border payments and remittances. Meanwhile, the same entities are studying the advantages of its underlying blockchain technology in their key operations.

SBI Holdings to Adopt XRP as Reserve

One of the big financial institutions looking to stack up on XRP Ledger’s (XRPL) native token is SBI Holdings, also known as Strategic Business Innovator Group. Based on the source, the 1.21 trillion yen ($7.704 billion) company is positioning itself for the extensive integration of XRP in its roadmap while increasing its involvement with Ripple Labs.

So far, SBI Holdings has already gained significant exposure in XRP and Ripple-related ventures. Analysts estimate its stake at Ripple Labs to be around 8%.

GAM Global Special Situations Fund, a prominent investment group, is further nudging SBI Holdings to acquire more XRP. The group is reportedly convincing the Japanese company to initiate an active XRP purchasing program. The move would mirror MicroStrategy’s Bitcoin maximalist approach in hedging its capital and growing its business but substituting XRP instead of BTC.

Like MicroStrategy, GAM Global thinks SBI Holdings could potentially elevate itself in the ongoing disruption brought by the growing embrace of distributed ledger technology (DLT) and virtual assets in traditional finance (TradFi). In addition, the advocates argue that the move could create more shareholder value for the company, echoing MicroStrategy’s failed pitch to Microsoft last month.

GAM Global suggests employing a buyback program, again emulating the Michael Saylor-founded company. It would allow SBI Holdings to use part of the program’s cash streams to top up on its XRP reserves.

Peter Brandt Bullish on XRP/USD Charts

Despite its ongoing consolidation, Peter Brandt, a veteran trader, strongly believes that the crypto community hasn’t seen the top of the XRP rally yet. Before the 2025 New Year, his chart showed that the token’s price actions remained within a bullish wedge pattern.

Brandt’s readings indicate that if the digital asset gains further momentum after another correction at the $2.73 zone, it could soar to $4 this year. Interestingly, the pattern could lead to the crypto asset’s squeeze to $20-$30 within the current bull cycle.

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