Can Banks Buy XRP? Yes, banks can buy and hold XRP. Banks may use XRP for: Cross-Border Payments: Sending money between countries quickly. Liquidity: Converting between different currencies. Investment: Holding XRP as a digital asset. If more banks buy and hold XRP, demand could increase, potentially pushing its price higher. Important: Banks can also use Ripple's payment technology without holding XRP. Bank adoption does not guarantee that XRP's price will rise.