- XRP trades at $2.98, gaining 0.77% daily despite a 4.6% weekly decline, consolidating after July’s $3.65 high level.
- SBI Holdings files two XRP ETFs in Japan, potentially first global offerings, targeting institutional and retail investor access.
XRP trades at $2.98, with a slight daily gain of ~0.77% despite weekly losses of ~4.6%. The asset remains in consolidation after peaking at $3.65 on July 18, with bullish forecasts suggesting a potential move toward $5 by year-end if momentum and institutional demand persist.
Ripple continues to gain traction in Asia
SBI Holdings has filed for two XRP ETFs in Japan, aiming to offer regulated exposure for both institutional and retail investors. If approved, these would be among the first XRP ETFs globally, potentially unlocking new liquidity streams.
In South Korea, BDACS has rolled out institutional-grade XRP custody via Ripple Custody, meeting growing demand for secure storage and management solutions from financial institutions.
Key ETF & Institutional Updates
Ripple’s partnership ecosystem is expanding, with SBI Holdings pushing forward two XRP spot ETF applications in Japan. These would be among the first regulated XRP ETFs globally, targeting both retail and institutional investors. Japan’s Financial Services Agency is reportedly accelerating reviews due to increasing demand for compliant crypto investment vehicles.
Institutional positioning remains strong, with ETF filings and custody solutions creating a more robust investment environment. Technically, XRP is holding above $2.83 support with resistance at $3.20–$3.30.
A break above $3.30 could retest the recent high near $3.65, while failure to maintain $2.83 may see the price dip toward $2.50.
ETHNews analysts note that approval of the SBI ETFs could trigger substantial inflows, potentially driving XRP toward the $3.50–$3.65 range, with a longer-term target at $5.00 if global adoption continues. A rejection or delay, however, could maintain price consolidation between $2.50–$3.00.
These ETF and custody developments mark a significant step in XRP’s long-term adoption trajectory, particularly in markets with favorable regulations like Japan and South Korea.
