XRP Price Forecast: Ripple and SBI Group partner to launch RLUSD in Japan
- XRP remains under pressure on Thursday, having fallen nearly 5% so far this week.
- Ripple announced on Thursday that its RLUSD stablecoin is now available in Japan, following approval from Japan’s Financial Services Agency.
- Derivatives metrics continue to cap XRP recovery while ETFs show mild inflows on Wednesday.
Ripple (XRP) remains under pressure, trading at $1.06 on Thursday after losing nearly 5% so far this week. Ripple and SBI Group partnered to launch RLUSD stablecoin in Japan following approval from the Japan Financial Services Agency (JFSA) on Thursday, but the move failed to lift sentiment. Traders remain cautious, with bearish derivatives metrics continuing to outweigh the positive fundamental development, while modest Exchange Traded Funds (ETFs) inflows provide only limited support for XRP’s price.
Ripple expands RLUSD to Japan
Ripple’s official X account posted on Thursday that its RLUSD stablecoin is now available in Japan, following approval from Japan’s Financial Services Agency.
“Through our partnership with SBI Group, RLUSD will be accessible to both institutional and retail users via the VCTRADE platform, serving as a bridge for payments, tokenization, and collateral management,” said Ripple on its X post.
Jack McDonald, Senior Vice President of Stablecoins at Ripple, said, “This launch marks an important step in expanding access to transparent, regulated USD-backed stablecoins like RLUSD for financial institutions, consumers and businesses in Japan.”
The development indicates a bullish long-term outlook, as it highlights Ripple’s growing footprint in Japan and could boost adoption of its payments ecosystem.
However, the announcement has done little to improve near-term sentiment, with XRP remaining under pressure, trading at $1.06 and down nearly 5% so far this week.
Derivatives data caps XRP recovery prospects
Derivatives metrics support a negative outlook for XRP. CoinGlass’ long-to-short ratio for XRP read 0.95 on Thursday, nearing its lowest level in over a month. The ratio being below one indicates bearish sentiment, as traders are betting that the assets’ prices will fall.
In addition, the funding rate turned negative on Wednesday, reading -0.0020% on Thursday, indicating that shorts are paying longs and suggesting bearish sentiment, capping XRP’s potential recovery.
Meanwhile, SoSoValue data shows some signs of optimism. Spot ETFs recorded an inflow of $2.05 million on Wednesday after an inflow of $5.31 million on Monday. If this inflow trend continues and intensifies, XRP could see a recovery ahead.
XRP technical outlook: Weakening momentum indicators
XRP trades at $1.06 on Thursday, down nearly 5% so far this week. XRP is maintaining a bearish bias as price remains well below the 50-day, 100-day, and 200-day Exponential Moving Averages (EMAs), clustered between roughly $1.23 and $1.54.
XRP also trades below the upper boundary of the prevailing downward-trending parallel channel at around $1.19, reinforcing the idea of a capped market despite modest stabilization in downside momentum. The Relative Strength Index (RSI) at about 33 stays just above oversold territory. At the same time, the Moving Average Convergence Divergence (MACD) line has slipped slightly further into negative territory, hinting that sellers still retain control even if pressure is less intense than during prior legs lower.
On the downside, the next important support is near $1.00, where buyers may attempt to build a more solid floor.
On the topside, initial resistance is seen at the channel boundary around $1.19, followed by the $1.30 horizontal barrier. Above that, the 100-day EMA at $1.33 and the 200-day EMA near $1.54 form a broader supply zone, while a more distant resistance level is at $1.90. As long as XRP remains below this stack of overhead levels, rallies are likely to be treated as corrective within the broader downtrend.
(The technical analysis of this story was written with the help of an AI tool.)
Ripple FAQs
Ripple is a payments company that specializes in cross-border remittance. The company does this by leveraging blockchain technology. RippleNet is a network used for payments transfer created by Ripple Labs Inc. and is open to financial institutions worldwide. The company also leverages the XRP token.
XRP is the native token of the decentralized blockchain XRPLedger. The token is used by Ripple Labs to facilitate transactions on the XRPLedger, helping financial institutions transfer value in a borderless manner. XRP therefore facilitates trustless and instant payments on the XRPLedger chain, helping financial firms save on the cost of transacting worldwide.
XRPLedger is based on a distributed ledger technology and the blockchain using XRP to power transactions. The ledger is different from other blockchains as it has a built-in inflammatory protocol that helps fight spam and distributed denial-of-service (DDOS) attacks. The XRPL is maintained by a peer-to-peer network known as the global XRP Ledger community.
XRP uses the interledger standard. This is a blockchain protocol that aids payments across different networks. For instance, XRP’s blockchain can connect the ledgers of two or more banks. This effectively removes intermediaries and the need for centralization in the system. XRP acts as the native token of the XRPLedger blockchain engineered by Jed McCaleb, Arthur Britto and David Schwartz.
Nothing in this material constitutes investment advice, personal recommendation, investment research, an offer, or a solicitation to buy or sell any financial instrument. The content has been prepared without consideration of your individual investment objectives, financial situation, or needs, and should not be treated as such.
Past performance is not a reliable indicator of future performance and/or results. Forward-looking scenarios or forecasts are not a guarantee of future performance. Actual results may differ materially from those anticipated.
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