SBI’s Bitcoin–XRP ETF enters late-stage FSA review, boosts XRP toward $1.20

SBI’s Bitcoin–XRP ETF moves into “late‑stage” FSA review in Japan. XRP rebounds to ~$1.14 on the headlines.

SBI plans Japan’s first dual Bitcoin–XRP ETF for the Tokyo Stock Exchange. Analysts describe the FSA process as “late‑stage.” No approval date yet. Source: Coinspeaker.

Yahoo Finance reports two SBI products are under review: a blended Bitcoin–XRP ETF and a gold‑and‑crypto vehicle. Both await FSA sign‑off. Source: Yahoo Finance.

Community posts on Binance Square call it a rare institutional catalyst for XRP. Commentators see renewed volume as traders price in approval. Source: Finance Magnates via TradingView.

Rakuten enabled XRP payments earlier this year. That preceded a May break above $1.40 in Japan‑linked flows. Source: Crypto.com.

Technicals traders are watching
- Immediate resistance at $1.17; $1.20 is the breakout trigger cited on 4h charts. Source: TradingView.
- Support at $1.05 held after a sharp bounce, keeping a modestly bullish range. Source: TradingView.
- Binance Square commentary flags a push toward $1.18 within ~24 hours if volume sustains. Source: Finance Magnates via TradingView.