XRP Price Holds Ground As Uphold Eyes IPO, Japan Plans Stablecoin On XRP Ledger

Ripple XRP/USD hovered around $2.25, holding firm in the $2.20–$2.30 range. The price stabilized amid word of a potential U.S. initial public offering for Uphold Inc. and Japan’s proposed launch of a yen-backed stablecoin on the XRP Ledger XRPL/USD.

Uphold CEO Simon McLoughlin confirmed that the company is working with financial advisor FT Partners to evaluate strategic options, including an IPO or acquisition. The firm’s valuation could top $1.5 billion, following strong demand for its XRP yield features and crypto debit card. Multiple banks and payment firms are reportedly circling.

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In Tokyo, SBI Holdings Inc. SBHGF has sketched out plans for $YEN, a yen-backed token on the XRP Ledger. Leveraging Japan’s updated Payment Services Act, $YEN promises near-instant settlements and minimal fees. The setup could turn XRPL into the go-to infrastructure for compliant payments (domestic and cross-border) across Asia’s third-largest economy.

Ripple Labs, which developed XRPL, announced new funding through its Japan and Korea Fund. In partnership with Web3 Salon and the Japan External Trade Organization, Ripple will provide up to $200,000 per project to XRPL-focused startups across Japan. The fund prioritizes ventures in DeFi, tokenized real-world assets, and compliant payments.

Ripple’s On-Demand Liquidity product enables real-time cross-border transfers for more than 2,500 financial institutions, removing the need for pre-funded accounts. Recent pilot programs in Palau, Bhutan, Montenegro, and Japan underscore growing central bank interest in integrating XRP into future payment rails.

Technical analysts are watching $2.22 as a critical level for XRP. Egrag Crypto identified three consecutive daily closes above it as a potential breakout signal, with upside targets at $2.36, $2.50, and $3.10. The levels are supported by a 138% increase in derivatives volume and steady open interest near $4 billion.

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XRP broke above a key structure on the 4-hour chart after filling its $2.29 fair-value gap. If momentum holds, the next resistance levels lie at $2.36 and $2.42, and a pullback to $2.17–$2.14 is viewed as a re-entry point.

Whale wallet inflows rose 23% this week, reflecting renewed accumulation by large holders. A $10,000 position at today’s price secures 4,444 XRP. If XRP reaches $5 by 2030, the stake could double to over $22,000. More aggressive forecasts between $10–$20 would imply a return of $44,000–$88,000, assuming adoption continues to scale across real-world use cases.

Circle Internet Group CRCL saw shares jump from $31 to over $115 post-listing, a 3x gain that has reframed crypto IPOs as viable liquidity events. Joining the Nasdaq Crypto U.S. Settlement Price Index and active talks around a spot ETF have added credibility. Analysts note that for any sustained upside, it still needs to be backed by solid volume and credible on-chain flows.

With EVM compatibility on the roadmap, decentralized ID tools in development, and growing central-bank partnerships, XRP is positioned to evolve beyond speculative cycles. If momentum holds, XRP may not just revisit past highs but redefine how digital assets interact with global finance.

It isn’t just about chart patterns or a regulatory green light. The underlying story is one of infrastructure, interoperability, and institutional alignment, themes that could shape the next phase of digital payments.

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