Why SBI Holdings Is Pivotal for XRP’s Global Expansion
SBI Holdings, Japan’s premier financial conglomerate and Ripple’s largest external shareholder, is playing a critical role in driving the global adoption of XRP. Through strategic initiatives and leveraging Japan’s clear regulatory framework, SBI is positioning XRP as a cornerstone for cross-border payments. This partnership is already yielding tangible results, with SBI Remit, Japan’s top money transfer service, integrating RippleNet to facilitate seamless international transactions. As of May 16, 2025, XRP’s price stands at 2.42180000 USDT, reflecting the growing confidence in its utility and future potential.
Why SBI Holdings Is CRITICAL for Ripple (XRP) Global Expansion
SBI Holdings, Japan’s leading financial conglomerate and Ripple’s largest external shareholder, is accelerating XRP’s real-world adoption through strategic initiatives. The partnership leverages Japan’s clear regulatory framework to position XRP as a cornerstone for cross-border payments.
SBI Remit, the country’s top money transfer service, has integrated RippleNet for seamless international transactions. Meanwhile, SBI VC Trade—a licensed crypto exchange—provides retail and institutional investors direct access to XRP markets. CEO Yoshitaka Kitao’s vocal endorsement of XRP as the premier payment asset reinforces the alliance’s momentum.
Judge Rejects SEC and Ripple’s Bid to Rework XRP Settlement
A federal judge has denied the SEC and Ripple Labs’ joint motion to approve their settlement, citing procedural flaws in their filing. The proposed agreement would have slashed Ripple’s penalty from $125 million to $50 million, potentially concluding a four-year legal saga. Despite the setback, both parties reaffirmed their commitment to resolving the dispute.
XRP traded at $2.42 following the ruling, as market participants weighed the implications of prolonged litigation. Judge Analisa Torres emphasized jurisdictional concerns and procedural improprieties, even while acknowledging the parties’ intent to settle.
XRP Faces Short-Term Weakness, But Long-Term Setup Points to $13 Target
Ripple’s XRP exhibits a tug-of-war between immediate bearish signals and structural bullish formations. The token retreated to $2.42 after confronting resistance at $2.64, with technical indicators flashing caution—bearish divergence and negative MACD readings suggest waning momentum in shorter timeframes.
Market participation remains robust despite the pullback, evidenced by a 30% surge in trading volume to $5.47 billion. This liquidity influx underscores persistent institutional interest even during corrective phases.
The weekly chart reveals a more compelling narrative. A developing bull flag pattern hints at potential upside toward $13, contingent upon overcoming current resistance levels. Such formations typically precede explosive moves when accompanied by sustained volume.
Ripple’s RLUSD Stablecoin Gains Global Support via Banxa Integration
Banxa’s integration of Ripple’s USD-backed stablecoin RLUSD marks a strategic expansion in compliant digital asset access. The partnership enables seamless fiat-to-crypto conversions, reinforcing Ripple’s foothold in enterprise blockchain solutions.
Simultaneously, Ripple’s pilot with Mercy Corps Ventures leverages the XRP Ledger to enhance supply chain transparency for Colombian farmers. The dual initiatives highlight Ripple’s focus on institutional adoption and emerging market financial inclusion.
