SBI CEO Endorses Ripple’s Permissioned DEX on XRP Ledger for Institutional DeFi Adoption

In a significant development for the XRP ecosystem, Yoshitaka Kitao, CEO of Japan's SBI Group and a prominent XRP advocate, has publicly praised Ripple's newly launched Permissioned DEX on the XRP Ledger (XRPL). This feature, designed specifically for regulated entities, is being hailed as a bridge between compliance and decentralized finance, potentially accelerating institutional adoption of XRP-based DeFi solutions. The announcement comes as Ripple continues to strengthen its position in the institutional cryptocurrency space, with the XRP Ledger emerging as a preferred platform for enterprise-grade blockchain applications. This endorsement from one of Asia's most influential financial executives could mark a turning point for XRP's utility in regulated financial markets.

SBI CEO Praises Ripple's Permissioned DEX on XRP Ledger Amid Institutional DeFi Push

Ripple's newly launched Permissioned DEX on the XRP Ledger (XRPL) has drawn significant attention, particularly from institutional players. Yoshitaka Kitao, CEO of Japan's SBI Group and a vocal XRP advocate, publicly endorsed the feature, highlighting its potential to bridge compliance and decentralized finance.

The Permissioned DEX allows regulated entities to trade on XRPL's native decentralized exchange while adhering to KYC and AML requirements—a critical step for institutional adoption. Ripple positions this as part of its broader vision for "institutional DeFi," combining compliance-first infrastructure with real-world utility.

Unlike traditional XRPL DEX order books, the permissioned version restricts participation to vetted accounts, enabling customized trading environments. This development signals XRP's growing relevance in regulated financial ecosystems, though questions remain about sustained demand.

Analyst’s Bold XRP Prediction Sparks Market Debate

Dustin Layton, a prominent crypto influencer, has ignited fervent discussion across social media with his audacious forecast for XRP. His claim that holding 1,000 XRP could yield $50,000 profits by December 2025 implies a staggering 23x surge from current prices—pushing the token's market capitalization into unprecedented territory.

The prediction hinges on XRP reaching $52.20 per coin, a target that WOULD require monumental market shifts. While Layton's confidence is evident—he challenged followers to bookmark his post—the feasibility remains hotly contested among analysts. Such growth would demand a $3 trillion valuation, eclipsing even Bitcoin's peak market dominance.

XRP Bulls On Alert as Key Trendline Holds the Line

XRP's price action has tightened into a critical inflection zone, with the cryptocurrency clinging to a steeply rising trendline at $2.18. Independent analyst Casi highlights this level as the make-or-break point for bulls, noting its confluence with the 1.618 Fibonacci extension from June's swing low.

The 0.382 retracement at $2.145 now serves as the floor of the micro-range. A clean bounce off this level maintains bullish structure, while a breakdown would signal trendline failure. "This trendline is everything right now," Casi emphasized, pointing to the $2.186 resistance-turned-support as the chart's most critical short-term level.

Ripple Launches Permissioned DEX to Bring Institutions Into XRP DeFi

Ripple has introduced a permissioned decentralized exchange (DEX) on the XRP Ledger, aiming to bridge the gap between institutional players and decentralized finance. The MOVE addresses regulatory compliance hurdles that have traditionally barred banks and payment processors from participating in on-chain liquidity.

The solution hinges on two protocol-level standards: Credentials and Permissioned Domains. Credentials provide cryptographically signed attestations for wallet compliance, while Permissioned Domains allow operators to define rule sets for trading enclaves. These features are baked into the XRP Ledger's base layer, ensuring enforcement at the protocol level.

By embedding compliance controls directly into the ledger's decade-old decentralized exchange infrastructure, Ripple claims to have solved the key obstacle preventing institutional adoption of DeFi. The proposal is currently awaiting validator approval.

Ripple's Indicative Ruling Denial Prolongs SEC Legal Battle, Impacts XRP ETF Prospects

Judge Analisa Torres has denied Ripple's request for an indicative ruling, extending the protracted legal battle with the U.S. Securities and Exchange Commission. The decision dashes hopes for a swift resolution and maintains the $125 million civil penalty against the blockchain company—nearly triple the $50 million settlement some analysts had anticipated.

The ruling's implications ripple beyond the courtroom. Institutional sales of XRP remain restricted, creating headwinds for broader adoption. Market observers note the timing is particularly consequential as regulatory clarity grows increasingly pivotal for cryptocurrency ETFs. An XRP-focused fund now faces heightened uncertainty.

Legal teams from both parties will regroup at the Second Circuit Court of Appeals, with proceedings expected to commence mid-August. The denial suggests filings failed to meet thresholds for indicative relief, leaving fundamental questions about XRP's regulatory status unresolved.

Judge Torres Denies Ripple's $50M Settlement with SEC, XRP Institutional Sales Remain Restricted

Judge Analisa Torres has rejected a proposed $50 million settlement between Ripple and the SEC, maintaining permanent restrictions on XRP institutional sales. The June 26 ruling preserves the injunction despite both parties agreeing to reduce the original $125 million penalty by 60%.

The decision underscores the court's stance that public interest in securities enforcement supersedes private settlement agreements. XRP's retail trading continues unaffected, but institutional sales remain legally constrained—a significant setback for Ripple's business operations.

This marks another pivotal moment in the four-year legal battle that began with the SEC's 2020 allegation of a $1.3 billion unregistered securities offering. The case's Core question—whether XRP qualifies as a security—continues to reverberate through the cryptocurrency industry.