XRP Whales Pull 465M Coins Off Exchanges as Japan ETF Hopes and Mexican Stablecoin Debut Fail to Ignite Price
13.06.2026 - 12:41:46 | boerse-global.de
XRP is caught in a curious standoff. The token sits at $1.13, roughly 69% below its 52-week high of $3.65 hit in July 2025, while a flurry of structural developments — from a new peso-backed stablecoin to an advanced-stage Japanese ETF application — fail to budge the price. The divergence between network activity and market action has rarely been starker.
Between June 3 and 11, large holders moved roughly 465 million XRP off Binance, a classic sign of accumulation moving tokens into private custody. Such exchange outflows typically reduce available supply on order books, but no automatic price lift has materialised. The sentiment backdrop is equally conflicted: the ratio of positive to negative online commentary about XRP has sunk to an eight-month low. Historically, these troughs have often preceded technical recoveries, though traders are in no rush to bet on one.
The XRP Ledger itself is undergoing a notable infrastructure push. On June 11, Latin American crypto firm Bitso launched MXNB, a regulated, Mexican- peso-backed stablecoin that runs natively on the XRP Ledger. The coin is designed to work alongside Ripple’s own dollar-pegged RLUSD, creating a high-speed payments corridor between the US and Mexico. Companies can settle transactions in near-real time, with liquidity between the two stablecoins managed by the ledger’s native decentralised exchange. On Monday, the network will upgrade to version 3.2.0, which cuts server storage requirements by up to 40% — a move that directly strengthens the infrastructure for future stablecoin integrations.
Should investors sell immediately? Or is it worth buying XRP?
On the institutional front, Japan is emerging as a quiet but powerful catalyst. SBI Holdings has submitted plans for the country’s first combined Bitcoin-XRP ETF, which would list on the Tokyo Stock Exchange. The application is in an advanced stage with the Financial Services Agency, and the Japanese cabinet approved a law change on April 10, 2026, classifying XRP and 104 other cryptoassets as financial instruments. Implementation is slated for fiscal 2027, with initial ETF approvals expected by 2028. Meanwhile, Goldman Sachs disclosed a $153.8 million position in spot XRP ETFs in its Q4 2025 filing, and SBI Ripple Asia has been registered as a prepaid payment instrument issuer, putting blockchain tokens backed by yen onto the XRP Ledger.
The technical picture remains range-bound. XRP’s relative strength index sits at 34 — oversold territory, but not yet a clear buy signal. The immediate resistance at $1.17 is followed by the more decisive barrier at $1.20. A daily close above that level would break the bearish structure that has held since the year began. Below, the $1.05 support has held firm in recent weeks. Open interest in futures has slipped from roughly $3 billion in mid-May to around $2.45 billion, reflecting a market that is waiting rather than trading.
Year-to-date, XRP has shed nearly 40% of its value. The whale accumulation, the Bitso stablecoin, the planned ledger upgrade, and the Japanese regulatory tailwinds all point to a network building serious fundamentals. But for the price to move, the market needs a reason to buy. As things stand, that decision hinges on a single level: $1.20.
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