In India, a quiet revolution is underway: Ripple (XRP) is dethroning Bitcoin from its throne in order books. This seems to be just the beginning.
Ripple ignites trading in India
CoinSwitch, the largest cryptocurrency exchange in India, has published its report for the first quarter of 2025. The surprise: Ripple has become the most traded asset, capturing 13.3% of the total trading volume. Significantly ahead of Bitcoin (8.4%), Dogecoin (6.4%), and Shiba Inu (2.6%), Ripple leads a thriving market.
The Indian landscape seems to reward projects that demonstrate resilience. Ripple, after years of battling with the U.S. Securities and Exchange Commission, is emerging as a resilient and reassuring force. This is enough to stir hope-driven excitement for a lasting recovery.
But the Indian strategy is not limited to forced trading.
In long-term investments, Bitcoin outperforms, representing 6.9% of investment portfolios. Dogecoin (6.6%) and Ethereum (5.2%) complete the top three. Ripple (XRP), at 3.5%, still makes a notable entry.
♦️Meme coins, artificial intelligence, and young investors
Another trend stands out: the rise of high-risk meme coins like PEPE (3.1% of trading volume) and BONK.
These assets lie at the intersection of finance and entertainment, attracting a generation of younger, more connected, and less shy investors.
This shift is bolstered by the emergence of projects that combine cryptocurrencies and artificial intelligence.
Furthermore, the diversity of favored cryptocurrencies says a lot: Solana (5.6%), Ethereum (4.4%), Cardano (2.5%), Polygon (2.9%), Internet Computer (2.8%)... all are options that reflect a complex investment portfolio strategy, combining caution, opportunism, and technological trust.
And finally, let's not forget this revealing statistic: Ripple wasn't even among the top three cryptocurrencies last December. It is now the most traded. And in a market of over a billion people, this is not just a passing excitement, but could be a sign of the times.
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