XRP news

Japan's Financial Services Agency has approved Ripple's dollar-pegged stablecoin RLUSD as an electronic payment instrument under the Payment Services Act, allowing SBI VC Trade to offer it to both institutional and retail customers on its VCTRADE platform. The approval marks a key regulatory step in one of the world's strictest stablecoin regimes. Despite this milestone, RLUSD remains small with a market value of about $1.7 billion, far behind Tether's USDT and Circle's USDC. Ripple aims to use RLUSD for payments, tokenization, and collateral management, connecting Japanese businesses to global dollar liquidity. The launch builds on a long-standing partnership with SBI dating back to 2016.

Ripple has launched its dollar-backed stablecoin Ripple USD (RLUSD) in Japan through SBI Group, following approval from the Financial Services Agency. The stablecoin is now available on SBI VC Trade's VCTRADE platform for both institutional and retail users. The launch follows Japan's updated stablecoin regulations effective June 1, which allow qualifying foreign stablecoins as regulated payment instruments. Ripple's SVP of Stablecoins Jack McDonald stated RLUSD will serve as a bridge for payments, tokenization, and collateral management, connecting Japanese businesses to global liquidity. This rollout fulfills a memorandum from August 2025 and builds on Ripple's partnership with SBI dating to 2016. RLUSD's market cap has fallen to about $1.59 billion from a June peak of $1.8 billion, though it remains up 271% year-over-year.

Ripple launched its RLUSD stablecoin in Japan after receiving regulatory approval from the Japan Financial Services Agency (FSA), classifying it as a new type of electronic payment instrument under the Payment Services Act. Available through a partnership with SBI Holdings and its crypto arm SBI VC Trade, the U.S. dollar-pegged stablecoin targets both institutional and retail users, serving as a bridge for payments, tokenization, and collateral management. Backed 1:1 by reserves including U.S. dollar deposits and short-term government bonds, RLUSD has a market cap of $1.6 billion. Japan continues to see growing stablecoin adoption, with SBI launching a yen stablecoin and major banks planning a joint stablecoin.

Ripple has partnered with African payments firm Flutterwave and obtained preliminary regulatory approval in Luxembourg to distribute its RLUSD stablecoin across Africa and Europe. The investment in Flutterwave, valued at $3.2 billion, will integrate RLUSD into regional payment networks, targeting cross-border and remittance markets. Ripple's Luxembourg license, pending final approval under MiCA, would enable services across the European Economic Area. The strategy addresses RLUSD's distribution challenge and shifts stablecoin competition toward payment integration. However, RLUSD's market cap of $1.62 billion remains far behind Tether's $186 billion and Circle's $74.5 billion. Success depends on generating commerce-driven transaction volume and ensuring liquidity for local currency conversion.

Ripple received preliminary approval for a Crypto Asset Service Provider (CASP) license from Luxembourg's financial regulator under the EU's Markets in Crypto Assets (MiCA) regulation. The license will allow Ripple to offer stablecoin payment systems to European companies and expand into broader crypto functions across the bloc, as MiCA enables passporting of services across EU member states. The move comes amid ongoing assessment of MiCA's effectiveness, with the European Commission opening a consultation last month on whether the framework remains fit for purpose. Criticisms include stablecoin rules that ban interest payments and require issuers to hold up to 60% of reserves in cash deposits at commercial banks.

Ripple has received preliminary approval for a Crypto Asset Service Provider (CASP) license in Luxembourg from the CSSF, marking a key step toward full MiCA compliance. The authorization covers the European Economic Area, enabling a regional rollout of Ripple Payments. The company now holds over 75 regulatory licenses globally. Upon final CSSF approval, Ripple will be fully MiCA-compliant, allowing clients to access its crypto and stablecoin infrastructure through a single integration.

Ripple has received preliminary approval from Luxembourg's financial regulator for a crypto asset service provider (CASP) license under the EU's MiCA framework, allowing it to offer regulated crypto services across the European Economic Area once finalized. The approval, announced Tuesday, builds on Ripple's existing Electronic Money Institution license in Luxembourg and positions the company to provide a full crypto asset and stablecoin payments infrastructure. The move comes ahead of the July 1 deadline for EU countries to fully apply MiCA rules. Ripple said the license will enable it to expand into broader crypto activities in Europe, which is already a leading region for its products. The company now holds over 75 regulatory licenses globally, including a UK license from the Financial Conduct Authority.

XRP price is forming a head and shoulders pattern on the 12-hour chart, with a neckline near $1.10 that bulls are defending. A break below that level could see XRP drop to $0.96, according to technical analysis. On-chain data shows long-term holders are buying the dip, with the hodler net position change rising 2% from June 19 to 21. However, cost basis distribution reveals thin support below $1.10, with only 24.6 million XRP clustered between $1.10 and $1.11, compared to 56.2 million at current levels. The critical level to watch is $1.10; a break below it opens $1.04 and then $0.96. The bullish case requires a reclaim of $1.14 and then $1.29 to invalidate the bearish pattern.

XRP's brief move above $1.25 quickly reversed as heavy selling pushed the token back below the key $1.22-$1.23 zone, with volume surging to 87.5 million XRP as sellers dominated the session. The token fell 3.3% to $1.2205, and a late recovery attempt failed near $1.223, reinforcing that level as resistance. Despite the pullback, XRP remains above the critical $1.20 breakout area, leaving the broader recovery structure intact but weakened. Traders are watching $1.20 as pivotal support; losing it could open a retracement to $1.15. A move back above $1.25 would suggest the selloff was profit-taking rather than a deeper reversal.

Over 720 million XRP tokens have been withdrawn from exchanges since June 3, with large holders dominating outflows. Binance led the activity with 425 million XRP, while Upbit's share of wallet flows reached its highest since May 2024 at 31%. The Binance whale vs. retail spread near 90% indicates that whale-sized withdrawals continue to account for most outflows. XRP's Sharpe ratio remains negative at -0.36, historically a zone associated with accumulation opportunities. Past negative readings have preceded average gains of over 50%, though analysts caution that further downside may still occur before a recovery.