RockstarMarkets
All news
Markets · Narrative··Updated 1h ago
Part of: Crypto Cycle

XRP Volume Tops BTC and ETH in South Korea as Goldman Exits $154M ETF Stake

SBI Holdings is advancing toward a spot XRP-USD ETF in Japan while RLUSD integrates with EDX Markets, broadening institutional payment rails even as XRP pulls back into the $1.30-$1.35 support zone with RSI oversold.

R
Rocky · RockstarMarkets desk
Synthesised from 8 wires · 74 mentions in the last 24h
Sentiment
+60
Momentum
75
Mentions · 24h
74
Articles · 24h
15
Affected sectors
CryptoEquities USFX
Related markets

Key facts

  • XRP volume surpassed BTC and ETH during peak hours in South Korea
  • SBI Holdings Japan moving toward spot XRP ETF launch
  • Goldman Sachs exited $154M XRP ETF position; other flows remain positive
  • Ripple RLUSD integrated with EDX Markets wholesale trading platform
  • XRP CLO: CLARITY Act protects consumers with clear multi-trillion-dollar economy rules

What's happening

Ripple's XRP is experiencing a renaissance driven by regulatory clarity, institutional adoption, and renewed interest from Asian markets. In South Korea, XRP trading volume surpassed both Bitcoin and Ethereum during peak trading hours, a striking reversal of the typical dominance of BTC and ETH. This surge reflects growing confidence in XRP as a settlement currency following years of regulatory uncertainty in the US. SBI Holdings, Japan's largest financial conglomerate, is reportedly moving toward launching a spot XRP exchange-traded fund, a milestone that would grant retail and institutional investors easy exposure to the token.

The regulatory environment for XRP has shifted materially. Ripple's Chief Legal Officer Stuart Alderoty stated publicly that the CLARITY Act, a piece of pending US legislation, is fundamentally about protecting everyday Americans by establishing clear rules for participation in the multi-trillion-dollar crypto economy, not about shielding any particular industry or company. This framing has resonated with policymakers seeking to differentiate genuine payment infrastructure from speculative memecoins. Goldman Sachs reportedly exited a $154 million XRP ETF position, yet XRP ETF products recorded one of their strongest inflow weeks in months, suggesting retail and long-term institutional buyers are accumulating despite macro headwinds.

Ripple's integration of its RLUSD stablecoin with EDX Markets, a wholesale digital asset trading venue backed by major financial institutions, is expanding the infrastructure available for institutional cross-border payments. XRP's pullback into the $1.30-$1.35 support zone after rejecting near $1.44 has left RSI oversold, creating what technical analysts view as a setup worth monitoring. The broader narrative is one of XRP transitioning from a controversial, litigation-plagued token to a genuine payment rail with institutional backing and regulatory tailwinds.

Detractors argue that XRP's rally is priced for an unrealistic CLARITY Act passage and that speculative momentum in crypto is detached from fundamentals. Additionally, the failure of Ripple's earlier ventures and the concentration of XRP holdings among early insiders remain risk factors. Yet the convergence of regulatory clarity, institutional participation from SBI and other major financial firms, and genuine adoption for settlement use cases suggests XRP's valuation may have more fundamental support than recent crypto cycles.

What to watch next

  • 01SBI XRP ETF launch announcement and impact on institutional flows
  • 02CLARITY Act legislative progress and vote timeline
  • 03XRP price action at $1.30-$1.35 support and $1.44 resistance levels
Mention velocity · last 24 hours
Coverage from these sources
Previously on this story

Related coverage

More about $XRP

Topic hub
Crypto Cycle: BTC, ETH and the Regulatory Clarity Trade

Tracking the crypto cycle — Bitcoin, Ethereum, altcoin rotation, ETF flows, regulatory milestones and the macro liquidity backdrop.