Japan and Korea Boost XRP Despite US Uncertainty

Against a backdrop of regulatory uncertainty, XRP stabilizes around $3 while two decisive fronts open up. In the United States, the imminent SEC decision on withdrawing its appeal could trigger a rally beyond key technical thresholds. In Asia, Japan and South Korea multiply favorable signals, from the Bitcoin/XRP ETF to institutional integration, offering unprecedented support. According to several analysts, this dual impetus could push Ripple’s crypto up to $4.80.

In Brief

• XRP price holds around $3 pending a crucial SEC decision on a possible appeal withdrawal.
• Technical indicators signal potential breakthroughs at $3.30 and $3.50 resistances, with a bullish target up to $4.80.
• Japan is preparing the first Bitcoin/XRP ETF and SBI Holdings plans up to $1 billion in XRP purchases.
• South Korea strengthens institutional adoption via BDACS, in a favorable context for spot crypto ETFs this year.

A Legal Turning Point Expected in the United States

The market awaits the SEC decision on a possible withdrawal of its appeal in the Ripple lawsuit, as its inaction maintains regulatory uncertainty. If the SEC confirms the withdrawal, analysts predict that XRP could break its immediate resistance at $3.30 and reach $3.50, with bullish momentum possibly pushing the crypto up to $4.80. Key points to remember:
• Current price: XRP trades around $3, in a consolidation phase.
• Technical levels: Resistance identified at $3.30, with possible breakthroughs to $3.50 then $4.80 according to bullish forecasts.
• Market indicators: Neutral RSI, MACD in a potential bullish crossover configuration.
• Main trigger: SEC confirmation of withdrawing its appeal against Ripple.
This technical configuration reflects a market in wait-and-see mode, where any positive regulatory catalyst could trigger a rapid movement. The $3.50 level is considered by many traders as an intermediate step towards the psychological $4 zone, beyond which the $4.80 target would become credible.

Asian Support Changes the Game

Alongside developments in the United States, XRP benefits from strong institutional reinforcement in Asia. The Japanese company SBI Holdings has filed to launch the country’s very first Bitcoin/XRP ETF, an unprecedented initiative reflecting strong confidence in the asset. The conglomerate, already holding 9% of Ripple’s capital, has committed to investing up to $1 billion in XRP as part of its cash diversification strategy. South Korea also provides strategic support. BDACS, a regulated crypto custodian, has added XRP to its services, allowing institutions to access the asset via major platforms like Upbit and Coinone in full compliance. This positioning coincides with the country’s intention to launch spot crypto ETFs as early as the second half of the year, paving the way for an expansion of the institutional market in one of the most active trading zones. This alignment of signals — potential regulatory easing in the United States, institutional structuring in Japan and Korea, and growing interest from financial players — gives XRP a rarely so favorable context. However, a negative SEC decision could delay the bullish momentum. If the positive scenario materializes, the $4, or even $4.80 target mentioned by analysts would become a realistic goal, driven both by institutional confidence and technical momentum.

Frequently Asked Questions (FAQ)

What is XRP and why is it gaining traction in Japan and South Korea?

XRP is a digital asset created by Ripple Labs, primarily used for cross-border payments. It is gaining traction in Japan and South Korea due to supportive regulatory environments, institutional interest, and the potential for new financial products like ETFs that include XRP.

What is the significance of SBI Holdings' plan to launch a Bitcoin/XRP ETF?

SBI Holdings' plan to launch a Bitcoin/XRP ETF is significant because it represents a major financial institution in Japan proactively creating investment products for XRP. This could significantly increase accessibility and demand for XRP among mainstream investors.

How does South Korea's institutional adoption of XRP through BDACS impact its market position?

The adoption of XRP by regulated crypto custodians like BDACS in South Korea allows institutional investors to access XRP compliantly. This integration with major exchanges like Upbit and Coinone facilitates broader institutional participation and strengthens XRP's market position in a key trading region.

What are the potential price targets for XRP mentioned by analysts?

Analysts are suggesting potential price targets for XRP between $4 and $4.80, driven by the anticipated SEC decision on its appeal and the strong institutional support from Asian markets.

What is the primary catalyst for a potential XRP price rally?

The primary catalyst for a potential XRP price rally is the SEC's decision to withdraw its appeal in the lawsuit against Ripple. A positive decision could remove significant regulatory uncertainty and fuel a price surge.

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Source: Japan And Korea Boost XRP Despite US Uncertainty

Crypto Market AI's Take

The developments in Japan and South Korea surrounding XRP highlight a growing trend of global diversification in crypto adoption, often driven by clearer regulatory frameworks compared to the US. While the US market awaits the SEC's decision, these Asian markets are actively integrating digital assets like XRP into their financial ecosystems. Our AI-powered market intelligence platform monitors these trends closely, providing insights into how such international developments can influence global asset prices and regulatory landscapes. For instance, the increasing institutional interest in crypto, as seen with SBI Holdings' ETF plans, can be a strong indicator of future market trends.

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• Japan and Korea Boost XRP Despite US Uncertainty
• Understanding Ripple: The Cryptocurrency Powering Global Payments
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