Ripple’s XRP has recorded a major surge in trading activity across India, overtaking both Bitcoin and Dogecoin in the first quarter of 2025. The data, released by CoinSwitch, reveals that XRP made up 13.3 percent of the total trades on its platform between January and March this year.
This development reflects a noticeable shift in trading behavior among Indian crypto investors. While Bitcoin remains dominant in long-term holdings, XRP’s appeal for short-term trading has clearly grown.
CoinSwitch, one of India’s largest cryptocurrency trading platforms, reported that XRP outpaced Bitcoin, which saw 8.4 percent of trades, and Dogecoin, which held 6.4 percent. This marks the first time Ripple’s token has topped the trading charts in India on such a major exchange.
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Indian Traders Show Growing Interest in XRP Over Memecoins
The surge in XRP trading suggests a pivot from meme tokens toward utility-based digital assets. Analysts believe recent updates around Ripple’s global operations and positive movement in legal proceedings have helped boost investor trust in the asset.
Bitcoin maintains the highest long-term holdings percentage at 6.9, while Dogecoin follows closely at 6.6, and Ethereum stands at 5.2, according to current market data.
The proportion of long-term portfolios holding XRP continues to grow as its number rises to 3.5 percent, indicating a strengthening interest in holding the token rather than trading it immediately.
The leadership at CoinSwitch observes that users in India now demonstrate different behavior patterns. XRP benefits from investors who seek practical assets because its fast transactions, combined with low costs, support evolving investor preferences.
Multiple newer meme coins like PEPE and BONK attract younger investors who wish to take on high-risk but potentially rewarding opportunities.
Conclusion
XRP’s performance in India’s Q1 crypto trading report underlines a broader trend in the market. As trading preferences shift, utility-driven assets like Ripple are starting to replace speculative tokens in active trading volumes across the country.
Also Read: Prophecy Comes True: Alleged Satoshi Nakamoto, Peter Todd, Blast Ripple in New Message
