On January 15, news reports that XRP has achieved a key breakthrough in the Australian cryptocurrency market. According to an annual investor research report released by a major local crypto asset trading platform, XRP surpassed Bitcoin in 2025 to become the digital asset with the highest trading volume on the platform. This change is seen as an important signal of a shift in trading preferences among Australian investors and also reflects the market structure moving toward maturity.
Data shows that this is the first time in nearly four years that XRP has led Bitcoin in trading activity. The report points out that strong local community support and the deep integration between XRP and Ripple ODL cross-border payment system are key reasons for its rapid increase in trading volume. XRP-related community representative WrathofKahneman also discussed this trend on X, drawing market attention.
Nevertheless, Bitcoin’s performance in 2025 remains impressive, with an annual increase of about 70%, significantly outperforming traditional assets like stocks and gold. However, at the actual trading level, some funds are increasingly flowing into tokens with clear use cases. XRP’s price briefly rose to $3.34 at the beginning of 2025, then reached a high of $3.66 mid-year. Although it retreated to around $1.80 at the end of the year, overall trading activity remains high.
From an asset attribute perspective, XRP’s appeal does not solely come from price fluctuations but from its practical use in low-cost, high-efficiency cross-border payments. As the regulatory environment gradually clarifies, network usage increases, and community cohesion strengthens, these factors have collectively driven its trading volume to continue expanding. During the same period, assets like Ethereum, stablecoins, and Solana also maintained top positions in trading volume, while interest in some defensive assets declined.
It is worth noting that there are still differences between trading activity and holding structure. Surveys show that Bitcoin remains the most held crypto asset among Australian investors, with about 68% of respondents viewing it as a core long-term holding. This indicates that investors tend to maintain long-term Bitcoin positions while engaging in phased trading with practical tokens like XRP.
Additionally, the report points out that the structure of crypto investors in Australia is changing. In the 2024-2025 fiscal year, the platform served over 370,000 users, with a total trading volume reaching $4 billion, and both single-trade amounts and daily trading volumes increasing significantly. More and more elderly people, women, self-managed pension funds, and individual entrepreneurs are beginning to include crypto assets in their official investment portfolios, pushing the market from early speculative stages toward a more rational development cycle.
Overall, XRP surpassing Bitcoin in trading volume is not merely a short-term phenomenon but a microcosm of the Australian crypto market evolving toward diversification and practicality.
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