Ripple Pushes into Japan with New Web3 Partnership and Licensing Goals
Ripple is turning heads in Asia once again, as fresh news out of Japan signals a bold step forward. On June 9, Ripple announced a partnership with Web3 Salon, supported by Japan’s trade body JETRO, in a move aimed at fueling innovation on the XRP Ledger. The initiative, part of RippleX’s expansion strategy, promises up to $200,000 in grants per project, targeting early-stage Japanese startups building in DeFi, tokenization, and payments.
This strategic play positions Ripple closer to acquiring a formal license in Japan — enabling XRP for banking payments, which could significantly increase utility and adoption across Asia. Backed by SBI Holdings, XRP already plays a growing role in facilitating low-cost cross-border transactions in the region.
SEC vs. Ripple Case: The Final Stretch Toward Settlement?
While Ripple’s focus turned to Asia, investors remain closely attuned to the ongoing legal standoff with the U.S. SEC. All eyes are now on Judge Analisa Torres, whose decision on lifting the institutional sales injunction could redefine XRP’s U.S. trajectory.
Although an earlier request for an indicative ruling was denied due to procedural flaws, a second attempt at settlement may be on the horizon. A favorable ruling could end the appeals from both parties — and possibly pave the way for a long-awaited XRP spot ETF approval in the United States.
XRP Price Outlook: Strong Gains as Bulls Target $2.50 and Beyond
XRP closed up 2.36% on June 9, building on a four-day rally. With prices hovering near $2.3217, XRP continues to benefit from both the legal optimism and broader crypto market momentum. Key price levels to watch:
- Upside Targets: $2.35 (breakout level), followed by $2.50 and $2.6553 (May 12 high). A clear breakout could ignite a run toward $3 and even retest the all-time high at $3.5505.
- Downside Risks: A break below the 50-day EMA could send XRP sliding to $1.93 and the 200-day EMA, with further support near $1.75.
Bitcoin Breaks $110K as US-China Trade Talks Lift Market Sentiment
While XRP gains traction, Bitcoin (BTC) reclaimed the $110,000 mark for the first time since late May, as renewed optimism around U.S.-China trade relations fueled a broader crypto rally. The total market cap surged to $3.4 trillion, marking a new June high.
China’s greenlighting of rare earth mineral exports to U.S. suppliers ahead of the talks was viewed as a positive signal. Talks reportedly lasted six hours and will continue on June 10.
ETF Demand Roars Back: US Spot Bitcoin ETFs See Major Inflows
ETF enthusiasm also returned, ending a brief two-day outflow streak. According to Farside Investors:
- Fidelity (FBTC) saw $173 million in inflows.
- Bitwise (BITB) brought in $68.5 million.
- ARK 21Shares (ARKB) added $10.8 million.
Total inflows (excluding BlackRock’s IBIT) stood at $265.3 million, signaling renewed institutional interest. With IBIT’s AUM hitting $70 billion, the spot Bitcoin ETF market is now valued at nearly $125 billion.
BTC Price Outlook: Bullish Momentum or Pullback Ahead?
BTC ended the day 4.22% higher at $110,252. Going forward, traders are eyeing several key developments:
- Bullish Drivers: A successful US-China trade deal, crypto-friendly legislation (GENIUS Act, CLARITY Act, Bitcoin Act), and falling U.S. inflation.
- Bearish Risks: Hotter-than-expected inflation, ETF outflows, or breakdown in trade negotiations.
If the bullish momentum holds, BTC could challenge its record high of $111,917. Otherwise, a pullback to the 50-day EMA and $100,000 support remains on the table.
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