$XRP
If Every Bank in Japan Starts Using XRP, Here’s How High XRP May Rise
$XRP We recently assessed how much the XRP price could rise if every bank in Japan started leveraging the token’s bridge capability for banking operations.
Today, XRP trades around the $2 level, but most market participants argue that this price does not yet reflect the crypto asset’s long-term utility. They believe broader adoption could lead to higher valuations, especially if major financial institutions adopt XRP.
One market that could make a difference for XRP is the Japanese financial scene, where Ripple and XRP have built longstanding ties to the banking and payments sector.
✨Japan’s Large Banking Industry
Notably, Japan operates one of the world’s largest banking industries by total assets. The sector revolves around three dominant megabanks, Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group, and Mizuho Financial Group, alongside a wide network of regional banks, shinkin cooperative banks, and other financial institutions.
According to the latest comprehensive data from the Bank of Japan, domestically licensed banks held approximately 1,447 trillion yen in total assets as of the end of November 2024, equivalent to about $9.65 trillion.
Meanwhile, by February 2025, total deposits across all financial institutions reached around 1,047 trillion yen, or $6.98 trillion, representing a year-on-year increase of 1.4%.
However, growth slowed later in the year, with estimates suggesting deposits rose to between 1,060 and 1,070 trillion yen by November 2025, reflecting annual growth of about 1.5%. Ordinary deposits accounted for about 650 trillion yen, while time deposits stood near 225 trillion yen as of late February 2025.
Notably, loan-to-deposit ratios in August 2025 ranged from about 40% to 50% for major banks, 50% to 60% for regional lenders, and 60% to 70% for shinkin banks. Securities holdings reached roughly 300 to 350 trillion yen by the end of August 2025, making up about 40% of total assets.