Ripple's XRP Price Drops 1.406% Amid SBI Holdings' 320 Million Token Transfer

XRP's latest price was $2.22, down 1.406% in the last 24 hours. SBI Holdings, a prominent financial services firm, executed a major XRP transfer totaling 320 million tokens. This move comes just before Ripple’s planned release of 1 billion XRP from escrow. The transaction, detected by Whale Alert, signifies a possible strategic action for liquidity or custodial services optimization. A new wallet was created on June 30 to receive the XRP. The transfer has led analysts to discuss potential impacts on XRP liquidity, although no significant shifts in total value locked were reported. Liquidity dynamics and institutional prep remain key themes. Speculation surrounds the intention behind this large-scale movement, with stakeholders contemplating strategic positioning or custodial management efforts by SBI in the context of Japan’s regulatory stance. Historically, Ripple’s monthly unlocks coincide with heightened market activity. Previous large-scale XRP moves have stirred similar market responses, reinforcing trends of speculation and asset repositioning. Based on past occurrences, potential outcomes include increased market volatility or adjustments in trading patterns, though exact impacts remain speculative amidst ongoing market analysis.

Ripple’s July 2 application to the OCC for a national trust bank charter represents a major turning point, not just for Ripple Labs, but for the broader crypto industry. If approved, this license would empower Ripple to fully integrate crypto-native financial services into the regulated mainstream, delivering enhanced transparency, lower costs, and faster transactions. Currently, Ripple’s RLUSD stablecoin is regulated at the state level by the New York Department of Financial Services. A federal OCC charter would layer in national oversight, creating an unprecedented “benchmark for trust in the stablecoin market.” This dual oversight signals a new era where crypto issuers operate under the same rigorous standards as established financial institutions. Ripple’s subsidiary, Standard Custody & Trust Company, also applied for a Federal Reserve master account. Approval would grant Ripple direct access to the Fed’s payment rails, enabling 24/7 settlement, reserve custody, and issuance without reliance on middlemen. That’s a groundbreaking leap forward in reducing both cost and friction. Ripple’s move comes in step with Circle, BitGo, Wise, and others seeking charters, reflecting a broader pivot in crypto towards regulated trust banks. The Senate’s recent advancement of the GENIUS Act further cements this trajectory, preparing for mandatory stablecoin issuer licensing. Ripple is positioning itself ahead of the curve. With a charter, Ripple can bypass correspondent banks, speeding up cross-border and institutional payments. This could drastically reduce costs and improve settlement times. Federal charters attract institutional clients who prioritize compliance. With explorer-level transparency over reserves and direct Fed custody, RLUSD becomes far more appealing to banks, fintechs, and enterprise partners. Ripple has spent years in legal limbo over SEC issues. A federal banking charter would signal maturity and resolve, reinforcing its legitimacy in U.S. finance. If the OCC green-lights Ripple’s application, it would mark the first major crypto-native stablecoin issuer to earn a U.S. federal charter. That opens doors to better regulation, faster payments, deeper institutional adoption, which will set a new standard for how digital assets move from fringe to foundational.

Ripple, in partnership with startup incubator Tenity, recently launched the XRPL Accelerator Singapore, offering grants of up to USD 200,000 to promising early-stage startups building on the XRP Ledger (XRPL) across the Asia Pacific region. This initiative aims to spur innovation and real-world adoption of XRPL’s scalable and low-cost infrastructure. Startups joining the accelerator will receive financial backing, mentorship, access to Ripple’s technical resources, and connections to a network of investors and potential customers. The program is tailored to help early teams refine their product-market fit, improve technical integration, and prepare for subsequent funding rounds. The accelerator prioritizes startups developing real-world XRPL use cases—such as payments, remittances, tokenization, DeFi, and NFT applications. By targeting practical solutions, the initiative seeks to drive meaningful adoption of XRPL across industries while supporting regional economic growth and digital innovation in Asia Pacific.

The U.S. Securities and Exchange Commission (SEC) formally dropped its long-running lawsuit against Ripple in 2025, concluding a major four-year legal dispute. This development follows a pivotal 2023 judicial ruling that determined Ripple's retail sales of XRP did not constitute securities transactions. The resolution significantly clarifies the regulatory status of XRP within the U.S. market, removing a persistent source of uncertainty that had clouded the asset's outlook.

Concurrently, Ripple Labs completed its July escrow releases by unlocking an additional 500 million XRP on July 4th, following an initial unlock of the same magnitude earlier in the month. This move concluded the scheduled monthly escrow activity, contributing to XRP's circulating supply. In tandem with this operational activity, Ripple Labs revealed a significant strategic initiative by applying for a national banking charter from the U.S. Office of the Comptroller of the Currency (OCC). The banking charter application represents a major step in Ripple's push to expand its regulated financial services, particularly concerning its RLUSD stablecoin initiative. Company leadership emphasized that obtaining the charter, coupled with pursuing a Federal Reserve Master Account, would enhance security and transparency by allowing reserves to be held directly with the Federal Reserve. This strategic positioning aims to integrate Ripple more deeply within traditional finance infrastructure and boost long-term confidence in XRP's utility as a cross-border settlement asset. These developments collectively signal a significant shift towards regulatory compliance and institutional adoption for the network.