XRP may be the fourth-ranked cryptocurrency asset by market capitalization, however in Thailand, it occupies the highest spot. As per the Thai Securities and Alternate Fee (SEC) report, XRP has emerged because the best-performing asset within the final 9 months.
XRP outpaces Bitcoin, Ethereum and gold
Notably, XRP has maintained the highest spot amongst different belongings since December 2024. In that month, XRP clinched the highest spot and displaced Bitcoin, Ethereum and gold to second, third and fourth locations, respectively. This emphasizes XRP’s efficiency within the Asian nation.
The asset’s year-to-date efficiency is a large 380% enhance regardless of its value dropping beneath the vital $3 stage.
In the meantime, between August 2045 and August 2025, the SEC report confirmed that XRP posted an upside of 390% year-on-year. It was in a position to register this efficiency despite the over 9% decline in worth for August 2025.
Curiously, the asset’s efficiency is miles forward of second-placed Bitcoin, which managed 85.10% YoY. Ethereum and gold had 77.73% and 37.73% respectively, YoY.
The report indicated that XRP has gained lots of traction in Thailand and is a favourite asset amongst traders within the broader monetary area. It indicators a shift from conventional belongings like gold or shares, and an increase in crypto acceptance within the area.
One other indication of the rising dominance of crypto belongings could be seen within the variety of lively addresses in XRP.
Within the month of August 2025, lively addresses grew by 8.44% to 230,000, with retail merchants driving the rise as they accounted for 42% of the full trades. Institutional merchants, juridical entities and exterior traders accounted for 21%, 18% and 16%, respectively.
XRP’s value outlook amid Thai momentum
It’s value mentioning is that XRP registered this staggering efficiency in Thailand, a rustic the place the authorities have positioned a ban on most cryptocurrencies as a method of settlement. A number of exceptions embody Bitcoin funds for vacationers and stablecoins like USDT for buying and selling.
XRP, within the meantime, has recorded a 316% enhance in fee quantity. It reveals that extra traders are counting on the asset to execute transactions. This elevated adoption may finally rub off on worth and trigger a value enhance within the close to future.
As of press time, the XRP value was altering palms at $2.86, representing a 1.77% enhance within the final 24 hours. The altcoin has continued to fluctuate between a low of $2.80 and a peak of $2.88 inside this time-frame. Buying and selling quantity has picked up by 1.03% at $7.12 billion.