XRP, the esteemed cryptocurrency asset ranked fourth globally by market capitalization, has surged to the forefront in Thailand, recently emerging as the nation’s leading digital asset. According to a report from the Thai Securities and Exchange Commission (SEC), XRP has outperformed its rivals in the past nine months, marking a remarkable nine-month run since it usurped the top position in December 2024.
During this period, XRP eclipsed significant competitors including Bitcoin, Ethereum, and gold, which now occupy the second, third, and fourth positions, respectively. The asset’s performance has been stellar, showcasing a year-to-date increase of 380%, even as its price dipped below the crucial $3 threshold.
The SEC’s report highlighted a phenomenal year-on-year growth of 390% for XRP from August 2024 to August 2025, despite experiencing a decline of over 9% in value this past August. In contrast, Bitcoin’s performance stood at 85.10% year-on-year, while Ethereum and gold achieved 77.73% and 37.73%, respectively. This trajectory indicates a substantial growing interest in XRP among investors in Thailand, as it presents a departure from traditional investments such as gold and stocks.
XRP’s dominance is further underscored by the increase in active addresses, which saw an 8.44% rise in August 2025, totaling 230,000. This growth is largely driven by retail traders, who constituted 42% of the total trading volume. Institutional traders, juridical entities, and external investors contributed 21%, 18%, and 16%, respectively, signaling a diverse investor base embracing the cryptocurrency.
Interestingly, XRP has thrived in Thailand despite regulatory constraints, where authorities have banned most cryptocurrencies from being used as settlement methods. The exceptions include Bitcoin payments for tourists and stablecoins like USDT for trading. Nevertheless, XRP recorded an impressive 316% increase in payment volume, indicating that more investors are turning to this asset for transaction purposes. This rising adoption could have positive implications for its value and market price moving forward.
As of the latest data, XRP’s price stood at $2.86, reflecting a 1.77% increase in the preceding 24 hours. The altcoin has shown fluctuations, ranging between $2.80 and $2.88 within that timeframe, while trading volume increased by 1.03%, totaling $7.12 billion. This momentum could signify a promising outlook for XRP amidst the evolving digital asset landscape in Thailand.
