XRP's bullish run is dependent on BRICS and Japan

Despite ongoing regulatory challenges in the US, Japan and BRICS continue to embrace Ripple (XRP) and its infrastructure.

Notably, 80% of Japanese banks are now working with Ripple to enhance international payments, showcasing how far blockchain technology has advanced in traditional finance.

Renowned analyst Crypto Tank pointed out that the SEC's appeal against Ripple has not deterred Japan and the BRICS nations from adopting XRP, showing XRP resilience and its growing position in the global financial system.

Vladimir Putin also recently announced a blockchain-based payment system for BRICS, with claims that this news system will enable international trade between BRICS nations free from interference by Western financial institutions. In comparison to established systems like SWIFT, XRP provides a faster and cheaper alternative for users .

Ripple's XRPL also recently announced its Japan and Korea Fund, aimed at supporting blockchain innovation and community growth. Ripple has already processed over 20 million transactions totaling $30 million, further boosting investor confidence.

Analysts hoped that XRP could one day be a worthy competitor of the SWIFT system, although Ripple still has a long way to go in catching up with SWIFT's established global network.

XRP potential growth

Ripple's technological advancements and global bank adoption will potentially boost the price trajectories of XRP in the coming years. The engagement from institutional investors and major financial institutions hints at growing confidence and potential integration of XRP in broader financial operations.

Many have said that the SEC case is irrelevant to the global adoption of XRP, as evident in the unwavering support from Japan and BRICS.

XRP has proven its utility in cross-border payments, and experts are forecasting that XRP could experience significant growth. As it continues to capture more and more payments markets, it could pose a viable alternative to SWIFT, especially given the advantages of faster transaction speed and lower cost. But SWIFT has decades of confidence and an established network of more than 11,000 institutions, making XRP's task of overtaking SWIFT a long-term challenge.

Ripple (XRP) is currently trading at $5.5405, having surged by 0.35% in the past day and 2.15% in the past week.