XRP Slides 5% Below $1.12 as Ripple Joins DTCC Tokenization Push and SBI Adds Crypto Rewards

XRP News

XRP turned lower after failing to hold above the $1.18 region, slipping into a fresh correction that has rattled short-term traders. On the hourly chart, the break of an ascending trendline near $1.16 accelerated selling, dragging the altcoin below $1.15 and its 100-hour simple moving average. The token also slid under the 38.2% Fibonacci retracement of the move between the $1.05 low and the $1.186 high. For buyers to regain control, XRP must reclaim $1.135 and then $1.142. Below that, the $1.10 support has become the decisive line, with $1.080 the next downside marker if it gives way.

On the fundamental side, Ripple joined Water.org's Get Blue campaign as a founding partner, lining up alongside corporations such as Amazon and Gap. The company said it will use its dollar-pegged stablecoin RLUSD to move funds to Water.org's microfinance partners across emerging markets, aiming to scale transaction throughput where capital access is hardest. The initiative targets the more than two billion people who lack safe water at home, building on the nonprofit's WaterCredit micro-lending model. The announcement also flagged a growing strain: U.S. data-center water consumption is projected to reach 73 billion gallons by 2028, driven largely by artificial-intelligence demand.

On-chain data points to a structural shift in where large holders move their coins. Since the start of June, the share of withdrawals above one million XRP on Binance climbed from 47% to 52.9%, while transfers between 100,000 and one million XRP rose from 20% to 27%. Combined, large transactions now account for roughly 80% of Binance outflows, up from about 67%. Coinbase showed the opposite trend, with its share of million-XRP outflows falling from 31% to 10%. Analysts caution this is not an outright bullish signal but evidence that whale activity is migrating between venues rather than leaving the market.

Despite the weakness, some analysts insist a long-term $10 target remains alive. One widely followed commentator noted that what was once a dream price of $1 has become a disappointment zone, yet XRP has still rallied more than 37,000% from its 2017 level near $0.003. The same view frames $0.60 to $1 as the primary accumulation range should price fall further, with the $1 area representing roughly a 10% pullback from current levels. The thesis hinges on patience, treating the present bear-market stretch as a consolidation phase rather than the end of XRP's longer structural uptrend.

In institutional adoption, Ripple Prime was named among more than 50 major financial firms and technology providers joining the DTCC tokenization program. The participant list includes BlackRock, JPMorgan Chase, Goldman Sachs, Circle and Ondo Finance. The program aims to move traditional financial instruments onto tokenized infrastructure to speed settlement, improve data transparency and strengthen interoperability across systems. According to the published timeline, DTCC plans to move into live production in July 2026, with a broader rollout expected in October 2026. Ripple's role extends beyond participation, contributing to the operational standards and workflows that will define how tokenized finance functions at institutional scale.

Japan's SBI Holdings is preparing a crypto rewards program through SBI Shinsei Bank for autumn 2026. Customers will receive coupons tied to the interest earned on their fiat deposits, redeemable for Bitcoin, Ethereum or XRP at the prevailing market rate. The reward will equal roughly 20% of the deposit interest, and conversions will occur at the price in effect when the coupon is used. Given SBI's long-standing relationship with Ripple and its support for XRP Ledger initiatives across Asia, XRP's inclusion underscores tightening links between traditional banking and crypto in a tightly regulated market, lifting the token's institutional visibility.

COINOTAG's proprietary 42-indicator composite scoring engine rates the $1.0501 support at 76/100 (STRONG), driven by the confluence of the Fibonacci 0.000 level, the Donchian lower band and a prior swing low, with secondary support at $1.0967 scoring 71/100 on HVN and Keltner-lower inputs. On the upside, the engine scores $1.1717 resistance at 69/100 from the Fibonacci 0.214, ATR upper and Ichimoku Tenkan lines, while $1.1333 rates 63/100 (R1, Pivot Point, MACD Cross). With RSI at 29.43, a bearish MACD and an exchange funding rate of just 0.0034%, derivatives data shows $625 million in open interest and a long/short ratio of 3.19 — 76.1% long. Against a Fear & Greed reading of 9 (Extreme Fear), oversold momentum favors a relief bounce toward $1.1333, but a daily close below $1.0501 would invalidate the bullish case and open the $0.90 region.