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Ripple Expands in Japan With RLUSD Stablecoin as XRP Nears Key $3 Level Amid Volatility

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Ripple's Strategic Expansion in Japan: RLUSD Stablecoin Launch

Ripple has announced a significant partnership with Japanese financial giant SBI Holdings, aiming to introduce the Ripple-backed stablecoin RLUSD in Japan. According to Der Aktionär, the RLUSD, pegged 1:1 to the US dollar and backed by high-quality reserves such as US dollar deposits and short-term US Treasury bonds, will be available in Japan in the first quarter of 2026. Distribution will be managed by SBI VC Trade, the crypto trading arm of SBI Holdings.

CoinGecko data cited by Der Aktionär shows RLUSD already boasts a market capitalization of $666 million and a 24-hour trading volume of $71 million. The overall supply of US dollar-pegged stablecoins has surged to $266 billion, up from $256 billion at the beginning of the month. This move is part of Ripple’s broader global strategy, following the approval of RLUSD for use in Dubai’s International Financial Centre in June. Tomohiko Kondo, CEO of SBI VC Trade, emphasized the importance of RLUSD for expanding stablecoin options and enhancing reliability and convenience in the Japanese market.

Stablecoin Market Cap 24h Volume
RLUSD $666 million $71 million
  • RLUSD launch in Japan scheduled for Q1 2026
  • Backed by US dollar deposits and short-term US Treasuries
  • Global stablecoin supply at $266 billion

Source: Der Aktionär

“The introduction of RLUSD will not only expand the selection of stablecoins in the Japanese market, but is also a big step forward for the reliability and convenience of stablecoins.” – Tomohiko Kondo, CEO of SBI VC Trade

Key Takeaway: Ripple’s partnership with SBI Holdings marks a milestone for stablecoin adoption in Japan and signals growing mainstream acceptance of Ripple technology.

XRP and Ether Under Pressure Ahead of Powell’s Jackson Hole Speech

The crypto market remains under pressure as major assets like Ethereum, XRP, and Bitcoin continue to trade in the red. Wallstreet Online reports that XRP dropped 1.95% to $2.87, reaching its lowest level since early August and standing about 20% below its all-time high of $3.65. Ethereum fell by 0.58% to $4,290, while Bitcoin declined by 0.64% to $113,200. The Crypto Fear & Greed Index has dropped by more than ten points since the start of the week, approaching the “Fear” zone.

Analysts note that in the past ten days, XRP “whales” have sold holdings worth approximately $470 million. ETF outflows are also weighing on the market, with over $1 billion withdrawn from Bitcoin and Ether products this week, according to SoSoValue. The market is closely watching Federal Reserve Chair Jerome Powell’s speech at Jackson Hole, with the CME FedWatch Tool indicating a 74.4% probability of a 25 basis point rate cut in September. Experts suggest that a dovish tone could support risk assets, while a hawkish stance may increase selling pressure. BTC Markets analyst Rachael Lucas warns that Bitcoin could correct by up to 30% if Powell’s message is clearly hawkish.

Asset Price Change From High
Ethereum $4,290 -0.58% -
XRP $2.87 -1.95% -20% (from $3.65)
Bitcoin $113,200 -0.64% -
  • XRP at lowest since August, 20% below record high
  • $470 million in XRP sold by whales in 10 days
  • Over $1 billion outflow from crypto ETFs this week
  • 74.4% probability of Fed rate cut in September

Source: Wallstreet Online

“The failed return above the $115,000 mark shows how weak Bitcoin is currently positioned.” – Alex Kuptsikevich, Chief Market Analyst at FxPro

Key Takeaway: The crypto market is in a correction phase, with major assets under pressure and significant ETF outflows. All eyes are on Powell’s speech for potential market direction.

XRP Approaching $3: Is a Mega Short Squeeze Imminent?

XRP is nearing a critical price level that could trigger significant market movement. According to DE.COM, analyst CW warns that if XRP breaks the $3 mark, a wave of short position liquidations could occur, potentially leading to a short squeeze with explosive upward momentum. Currently, XRP is trading between $2.90 and $2.95, with this range acting as a clear resistance zone. The current price is $2.90, with a trading volume of $4.69 billion. Over the past 24 hours, XRP has declined by 0.5%, and is down 7.5% for the week.

On-chain data shows that institutional investors and large holders have been active, with trading volume during recent recoveries reaching 155 million XRP—more than double the average of 63 million. Glassnode data reveals that long-term holders have realized profits exceeding $2 billion during the latest correction, with $375 million in profit-taking during a single day in July, resulting in a 10% price drop.

Technical indicators, such as the TD Sequential, are signaling a potential rebound. Analyst Ali Martinez notes that this indicator previously predicted the July top at $3.65. Despite recent liquidations totaling $360 million across the crypto market, XRP has shown resilience at support levels and continues to attract buyers.

Ripple’s recent agreement with SBI Holdings to launch RLUSD in Japan in Q1 2026 is also seen as a potential catalyst for XRP’s price.

Price 24h Volume 24h Change Weekly Change
$2.90 $4.69 billion -0.5% -7.5%
  • Short squeeze possible if $3 resistance is broken
  • Institutional activity and profit-taking at highs
  • Technical indicators suggest potential rebound
  • Ripple’s Japan expansion could be a price driver

Source: DE.COM

“The 3-dollar mark decides. A break could make XRP one of the most exciting trades of the coming weeks—with all the associated risks and opportunities.” – DE.COM

Key Takeaway: The $3 level is pivotal for XRP. A breakout could trigger a short squeeze, but recent profit-taking and market volatility warrant caution.

Summary Table: Key XRP and Crypto Market Data

Asset Current Price 24h Change Weekly Change Recent High Market Cap 24h Volume
XRP $2.90 -0.5% -7.5% $3.65 - $4.69 billion
Ethereum $4,290 -0.58% - - - -
Bitcoin $113,200 -0.64% - - - -
RLUSD - - - - $666 million $71 million

Infobox: The crypto market is currently experiencing high volatility, with XRP at a critical juncture. Ripple’s strategic moves in Japan are shaping the landscape. Investors should closely monitor the $3 level for XRP and broader macroeconomic signals from the Federal Reserve.

Sources:

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