XRP Emerges as Leading Altcoin in Latin America as Adoption Soars
XRP has experienced a remarkable surge in adoption across Latin America, overtaking other major altcoins like Ethereum (ETH) and Solana (SOL) in investor portfolios. According to data from Bitso, a leading cryptocurrency financial services firm in the region, XRP’s share in the average crypto portfolio skyrocketed from 0% in 2023 to 12% in 2024. This growth significantly outpaces ETH (5%) and SOL (4%), highlighting XRP’s dominance as the preferred altcoin among Latin American investors. The surge is attributed to increasing confidence in XRP’s utility for cross-border transactions and its growing acceptance as a reliable digital asset in the region.
XRP Adoption Surges Across LATAM
XRP adoption has surged across Latin America as investors shift away from other altcoins. According to Bitso, a top crypto-focused financial service firm in the region, the percentage of XRP in the average crypto investor portfolio increased from 0% in 2023 to 12% in 2024. This was more than Ether (ETH) at 5% and Solana (SOL) at 4% within the same period, showing that XRP is the most popular altcoin among crypto investors in the region. The massive surge in interest is likely due to the rapid gains that XRP experienced from late 2023. Bitso based its report on the purchasing and holding behavior of individuals who used its platform in 2024 compared to 2023.
Ripple Expands In Asia With Debut XRP Investment Tool
Payments company Ripple has partnered with HashKey Capital to launch Asia’s first XRP tracker fund. The new fund will track the price of XRP cryptocurrency. Ripple will invest in the new HashKey XRP Tracker Fund, marking a major step towards extending institutional access to XRP in Asian markets. This is the first of potentially several such investment products in the region following the price performance of XRP. Professional investors can get exposure to XRP without directly holding the asset.
XRP Stalls Under $2.10; Analysts Shift Focus to High-Upside Presale Coins
XRP continues to hover just below the $2.10 threshold, testing investor patience. Despite a strong start to the year, bullish momentum has waned in April. Traders are growing cautious, prompting analysts to shift their attention toward high-upside opportunities in the presale market, particularly one coin drawing comparisons to this cycle’s top performers. XRP’s recent movement reflects market-wide consolidation, with momentum indicators flashing neutral. Unless a catalyst like ETF speculation emerges soon, XRP may continue to drift sideways.
Crypto Creator Predicts Future Jackpot for XRP Investors
A long-time supporter of XRP, Edoardo Farina, the founder of Alpha Lions Academy, has issued predictions stating that an investment of $1,000 in XRP today can increase to more than $50,000 in the future. His estimate is based on the altcoin reaching a price target of $100 per token, from its current value of around $2. Farina has vowed not to sell any of his XRP holdings until the price reaches at least $100 per token.
