XRP News Today: XRP Gains 0.77% Daily Amid Japan ETF Filings and Asian Institutional Push

XRP is showing renewed interest as it hovers around $2.98, with a modest 0.77% daily gain, despite a 4.6% weekly decline. The token is consolidating following its July 18 peak of $3.65, with bullish forecasts suggesting a potential move toward $5 by year-end if institutional demand and market momentum remain strong [1].

In Japan, SBI Holdings has taken a significant step by filing applications for two XRP-based ETFs, which could become the first globally approved ETFs offering exposure to the asset [2]. These products are designed to attract both institutional and retail investors and reflect the growing appetite for regulated crypto investment options. Japan’s Financial Services Agency is reportedly expediting the review process due to heightened demand for compliant crypto products [3].

Simultaneously, South Korea has seen progress in institutional infrastructure, with BDACS launching institutional-grade XRP custody services via Ripple Custody. The move addresses the increasing need for secure storage and management of digital assets among financial institutions [4]. This development, combined with the ETF filings in Japan, highlights the strengthening investment environment for XRP in Asia.

Technically, XRP remains above key support at $2.83, with resistance levels forming between $3.20 and $3.30. A breakout above $3.30 could push the price back toward the recent high near $3.65, while a breakdown below $2.83 might lead to a pullback toward $2.50 [5]. Analysts at ETHNews note that if the SBI ETFs are approved, they could drive substantial inflows into the XRP market, potentially propelling the asset toward the $3.50–$3.65 range. Over the longer term, continued adoption could see XRP approach $5.00. Conversely, delays or rejections in the ETF approval process may keep the price range-bound between $2.50 and $3.00 [6].

These developments underscore the growing institutional confidence in XRP and its integration into mainstream financial systems, particularly in markets with supportive regulatory frameworks like Japan and South Korea. As the asset gains more structured investment vehicles and custody solutions, it is setting the stage for broader adoption and potentially more stable price action in the near future.

References:

[1] https://coinmarketcap.com/community/articles/6893b5469ff08f0ef319971d/