{"id":6680,"date":"2026-02-16T11:39:37","date_gmt":"2026-02-16T11:39:37","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=6680"},"modified":"2026-02-16T11:39:37","modified_gmt":"2026-02-16T11:39:37","slug":"xrp-price-outlook-as-sbi-ceo-debunks-10b-xrp-holdings-claim","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=6680","title":{"rendered":"XRP price outlook as SBI CEO debunks $10B XRP holdings claim"},"content":{"rendered":"

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  • XRP changed hands at around $1.50 as the broader market remains mostly bearish.<\/li>\n
  • SBI CEO Yoshitaka Kitao has said the firm does not hold $10 billion XRP, but a 9% stake in Ripple Labs.<\/li>\n
  • Can bulls reclaim $2 amid broader market resilience?<\/li>\n<\/ul>\n

    XRP price hovered near $1.47 in Asian trading hours on Monday, Feb.16, 2026, with the cryptocurrency down 8% in the past 24 hours.<\/p>\n

    The altcoin\u2019s intraday performance came after comments from SBI Holdings CEO Yoshitaka Kitao, who recently clarified the firm\u2019s investment in Ripple and the token XRP.<\/p>\n

    XRP and a $10 billion SBI holding rumour<\/h2>\n

    SBI, one of Ripple\u2019s major partners, hit headlines last week amid news of its acquisition of a Singapore-based cryptocurrency exchange.<\/p>\n

    But alongside this was the circulation of a rumour claiming that the firm holds $10 billion in XRP tokens.<\/p>\n

    This prompted an X post response from SBI CEO Kitao, who clarified that SBI\u2019s actual position is not in XRP, but a 9% stake in Ripple Labs.<\/p>\n

    XRP price retreated from highs of $1.60 to around $1.40 amid Kitao\u2019s clarification that the Japanese financial giant\u2019s focus is on Ripple\u2019s blockchain ecosystem.<\/p>\n

    \n

    \u201cWhen it comes to Ripple Lab.\u2019s total valuation which obviously includes its ecosystem that Ripple has created, that would be enormous. SBI owns more than 9 % of that much,\u201d he posted.<\/p>\n<\/blockquote>\n

    Ripple (XRP) price outlook<\/h2>\n

    XRP\u2019s price action over recent months has largely tracked broader trends in the cryptocurrency market.<\/p>\n

    Comments by the chief executive of SBI Holdings briefly unsettled traders, before buyers stepped in to defend levels above $1.40.<\/p>\n

    While the token remains under pressure as Bitcoin consolidates below $70,000, the recent move toward $1.60 and a rebound from weekend lows point to tentative stabilisation.<\/p>\n

    Sentiment linked to institutional backers such as SBI may support confidence in Ripple and its wider ecosystem.<\/p>\n

    The group\u2019s expansion into Southeast Asia through recent acquisitions has also raised expectations of increased real-world adoption, which could support demand for XRP.<\/p>\n

    ETF inflows and regulatory developments are additional factors influencing sentiment.<\/p>\n

    Speculation around a potential Ripple initial public offering, alongside other positive catalysts, could further lift medium- to long-term confidence among XRP holders.<\/p>\n

    In the near term, traders are watching a major resistance zone between $1.90 and $2.35.<\/p>\n

    However, persistent macroeconomic and geopolitical risks could undermine short-term optimism.<\/p>\n

    In a weaker scenario, XRP may revisit support near $1.20 and potentially test levels below $1.00.<\/p>\n

    \n
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    Markets,SBI,XRP#XRP #price #outlook #SBI #CEO #debunks #10B #XRP #holdings #claim1771241977<\/p>\n","protected":false},"excerpt":{"rendered":"

    XRP changed hands at around $1.50 as the broader market remains mostly bearish. SBI CEO Yoshitaka Kitao has said the firm does not hold $10 billion XRP, but a 9% stake in Ripple Labs. Can bulls reclaim $2 amid broader market resilience? XRP price hovered near $1.47 in Asian trading hours on Monday, Feb.16, 2026,<\/p>\n","protected":false},"author":1,"featured_media":6681,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":{"0":"post-6680","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eurozone"},"yoast_head":"\nXRP price outlook as SBI CEO debunks $10B XRP holdings claim - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"description\" content=\"XRP price holds near $1.50 as bulls target $2.00, with this coming amid SBI CEO Kitao's debunking of $10 billion XRP holdings rumour\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=6680\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"XRP price outlook as SBI CEO debunks $10B XRP holdings claim\" \/>\n<meta property=\"og:description\" content=\"XRP price holds near $1.50 as bulls target $2.00, with this coming amid SBI CEO Kitao's debunking of $10 billion XRP holdings rumour\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptonews.uk.com\/?p=6680\" \/>\n<meta property=\"og:site_name\" content=\"Crypto News: Latest Cryptocurrency News and Analysis\" \/>\n<meta property=\"article:published_time\" content=\"2026-02-16T11:39:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/02\/trading-1-1024x683.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"683\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"\u884c\u653f\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"\u884c\u653f\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=6680\",\"url\":\"https:\/\/cryptonews.uk.com\/?p=6680\",\"name\":\"XRP price outlook as SBI CEO debunks $10B XRP holdings claim - 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