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SBI CEO Yoshitaka Kitao reaffirms strong support for XRP amid holder doubts.

Market News
12 Nov 2026, 19:01 WIB
UToday
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Bullish
SBI CEO Yoshitaka Kitao reaffirms strong support for XRP amid holder doubts.

SBI Holdings CEO Yoshitaka Kitao responded with a clear "YES" when asked if he still trusts XRP, reassuring frustrated token holders. SBI has partnered with Ripple since 2016, holding about 60% of their joint venture and owning over 9% of Ripple Labs. Despite challenges like the SEC lawsuit, SBI continues to integrate XRP in its services, including remittances and trading through SBI VC Trade, which now has over two million accounts. Kitao emphasized XRP's value depends on its use in payments and business ecosystems, signaling ongoing commitment to the token's future.

Following SBI CEO Yoshitaka Kitao's reaffirmation of trust in XRP, the token trades at Rp18.603 on Pluang as of Nov 13, 2026 00:23 WIB. XRP's market cap stands at Rp1.184,96 trillion with a 24-hour trading volume of Rp35,62 trillion. Despite a 3.93% drop in the last day, Pluang users show a slight buying preference with 56% buy orders and a typical hold time of 73 days, reflecting ongoing interest in the asset.

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