XRP's Trading Volume Soars in India, Outpacing Bitcoin and Dogecoin in Q1 2025

Ripple's XRP experienced a significant surge in trading activity within India during the first quarter of 2025, surpassing both Bitcoin and Dogecoin. Data released by CoinSwitch, a major Indian cryptocurrency exchange, indicates that XRP accounted for 13.3% of all trades on their platform between January and March.

This reflects a notable shift in the trading habits of Indian cryptocurrency investors. While Bitcoin maintains its dominance in long-term holdings, XRP's appeal for short-term trading has demonstrably increased. CoinSwitch's report shows XRP outperforming Bitcoin (8.4% of trades) and Dogecoin (6.4%), marking the first time XRP has led trading volume on such a large Indian exchange.

Indian Traders Favor XRP Over Memecoins

The rise in XRP trading suggests a move away from meme tokens towards utility-focused digital assets. Analysts attribute this to positive developments surrounding Ripple's global operations and the progress made in ongoing legal proceedings, which have bolstered investor confidence.

Current market data reveals Bitcoin holds the largest percentage of long-term holdings at 6.9%, followed closely by Dogecoin at 6.6% and Ethereum at 5.2%. However, XRP's presence in long-term portfolios is also growing, reaching 3.5%, signifying increasing interest in holding the token beyond immediate trading.

CoinSwitch leadership notes a change in user behavior in India, with investors increasingly favoring assets offering practical utility. XRP's fast and low-cost transactions align well with this evolving preference. Conversely, newer meme coins like PEPE and BONK attract younger investors seeking high-risk, high-reward opportunities.

Conclusion

XRP's strong performance in India's Q1 crypto trading report highlights a broader market trend. As investor preferences evolve, utility-driven assets like XRP are gaining traction in active trading volumes, potentially replacing speculative tokens across the country.