Ripple's Japan Stablecoin Milestone Overshadowed by XRP's Slide Toward Dollar Parity
Published on 06/25/2026 at 12:05 | Redaktion boerse-global.de
Ripple secured a landmark regulatory approval for its RLUSD stablecoin in Japan, only to watch XRP sink to a new 52-week low on the same day. The contrast between the company’s strategic progress and the token’s price action could hardly be starker.
RLUSD received the green light from Japan’s Financial Services Agency on June 24, 2026, classified as a “Type-4” payment instrument under the revised Payment Services Law that took effect June 1. The stablecoin, backed 1:1 by cash and U.S. Treasuries, will initially be distributed via SBI VC Trade with a transaction cap of one million yen — roughly $6,200. Deployed on Ethereum, RLUSD carries a market capitalization of $1.7 billion, a 271% surge year-over-year. Ripple and SBI Group framed the launch as a regulated bridge for cross-border payments, tokenization, and collateral within Japan’s financial system.
Yet XRP traded at $1.08 on the day of the announcement, after touching a 52-week trough of $1.05. The token has now lost more than 42% since the start of the year and sits over 70% below its July 2025 peak of $3.65. The trigger for the latest leg lower was a broad crypto rout that wiped out $657 million in leveraged positions across the market. Bitcoin fell to its lowest level in 21 months, dragging Ethereum, Solana, and XRP down with it. XRP shed 6.4% in 24 hours.
Technical indicators paint a bleak picture. The relative strength index stands at 34.6, barely above the oversold threshold. The token trades roughly 15% below its 50-day moving average and nearly 30% below the 200-day moving average. Market participants now fixate on the $1.00 level, a psychological support that has held since the U.S. election in November 2024. A break below that could open the door to a zone between $0.84 and $0.95. On the upside, initial resistance lies at $1.14, while a sustainable recovery would require clearing $1.35.
Should investors sell immediately? Or is it worth buying XRP?
On-chain data hints at accumulation from large holders even as retail sentiment sours. Binance has recorded net outflows of roughly 722 million XRP over the past seven days, pushing exchange balances to a three-month low. Whale wallets appear to have built leveraged long positions near the $1.00 mark. Meanwhile, the fundamental picture continues to strengthen: daily transactions on the XRP Ledger rose 35% in the first quarter of 2026 to nearly 2.5 million, and the value of tokenized assets on the network doubled to over $2 billion. None of that has insulated XRP from the macro-driven flight out of risk assets.
The broader mood is one of extreme fear, with the Crypto Fear & Greed Index at 12. XRP spot ETFs, including products from Bitwise and REX-Osprey, recorded net inflows of $2.05 million on June 24, but open interest in XRP futures slid to $2.58 billion. Regulated wrappers offer no escape from the underlying token’s volatility.
Political headwinds are also building. U.S. Senator Elizabeth Warren has sent a letter to the Comptroller of the Currency arguing that approvals for bank charter applications from crypto firms — Ripple among them — violate the National Bank Act. That adds uncertainty to Ripple’s domestic ambitions just as Japan opens its doors.
XRP at a turning point? This analysis reveals what investors need to know now.
For XRP to find a durable floor, the $1.00 support must hold. Beyond that, the trajectory of Bitcoin remains the dominant swing factor. Whether RLUSD’s Japanese launch can eventually provide structural tailwinds depends on how quickly transaction volume scales through SBI’s platform. For now, technical gravity trumps regulatory narrative.
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