Ripple’s XRP Outpaces Bitcoin and Dogecoin to Lead India’s Crypto Market in Q1 2025

India's cryptocurrency market is thriving in 2025, with Ripple's XRP attracting significant attention. While Bitcoin and Ethereum maintain their dominance, XRP is steadily gaining traction, particularly in active trading volumes.

A recent report from CoinSwitch, a leading Indian cryptocurrency exchange, reveals XRP as the most actively traded cryptocurrency in India during the first quarter of 2025. This marks a significant achievement, surpassing popular tokens such as Shiba Inu and Dogecoin, which have strong followings in the country.

XRP now constitutes over 13% of CoinSwitch's total trade volume, indicating substantial interest from Indian traders. Experts attribute this surge to positive developments surrounding Ripple's global operations and legal cases, bolstering investor confidence and encouraging increased trading activity.

Interestingly, despite XRP's leading position in trading volume, Bitcoin and Dogecoin remain among the top holdings for Indian investors. This suggests a preference for established cryptocurrencies for long-term investment strategies, while XRP is favored for short-term, active trading.

Beyond Ripple's ascent, new meme coins like PEPE are gaining traction, while others, such as Loopring, are experiencing decreased popularity. This highlights the dynamic and rapidly evolving nature of India's cryptocurrency market, with both seasoned and new investors actively seeking fresh investment opportunities.

A CoinSwitch executive stated, "The first few months of 2025 have underscored the dynamism of the Indian crypto market. While certain cryptocurrencies remain long-term favorites, traders are actively exploring newer options like Ripple, influenced by global events and increased market awareness."