In XRP news today, Ripple Labs has formally backed the UK HM Treasury\u2019s Wholesale Digital Markets taskforce, positioning itself inside Britain\u2019s effort to build what the company estimates could add \u00a333Bn to the UK economy every year by 2035.<\/p>\n
The announcement arrived alongside fresh disclosures from Ripple\u2019s executive team about how close the company came to shutting down during its four-year legal battle with the US SEC, the agency that oversees securities matters in the United States.<\/p>\n
This news came as XRP tumbled nearly 1% overnight, currently trading at $1.07 and continuing to struggle to breach resistance at $1.10. Daily trading volume is $955M, a -5% drop from yesterday.<\/p>\n
UK Treasury names Ripple as its convergence model for wholesale tokenization<\/p>\n
12-month plan: move tokenized repo, gilts & funds live
Cited: Ripple’s $1.25B Hidden Road buy + Santander UK cross-border rails<\/p>\n
Impact: \u00a333B\/yr GDP boost, \u00a314B\/yr tax gain \u2014 \ud835\uddd5\ud835\uddee\ud835\uddfb\ud835\uddf8XRP (@BankXRP) July 13, 2026<\/a><\/p>\n\n Ripple\u2019s support is not a symbolic endorsement. In a post on X, the company said that onchain funds, bonds, and repurchase agreements are already being used rather than remaining ideas for the future. Ripple said these financial products can settle faster, cost less, and work better than many traditional systems.<\/p>\n The company identified the United Kingdom as a strong candidate to lead wholesale tokenized finance globally, pointing to its established capital markets and trusted regulatory system as structural advantages.<\/p>\n The \u00a333Bn annual economic estimate is the figure Ripple cited when welcoming the government\u2019s tokenization strategy and confirming its role supporting the taskforce.<\/p>\n Wholesale tokenization, the process of bringing traditional financial products onto blockchain networks, is increasingly being treated by institutional players as an infrastructure upgrade rather than a speculative crypto bet.<\/p>\n Ripple\u2019s involvement suggests the firm is targeting the regulated financial-market modernization agenda directly, extending well beyond its established payments positioning.<\/p>\n Onchain funds, bonds and repo aren’t experiments. They’re already happening, delivering onchain financial instruments that are cheaper, better and faster than their legacy equivalents. <\/p>\n The UK has the capital markets depth and regulatory credibility to be a global leader in\u2026 pic.twitter.com\/ELEP4x9UGL<\/a><\/p>\n \u2014 Ripple (@Ripple) July 13, 2026<\/a><\/p>\n\n DISCOVER:\u00a0Best Meme Coin ICOs to Invest in 2026<\/a><\/strong><\/p>\n In a separate development reported alongside the task force news, Ripple Chief Executive Officer Brad Garlinghouse disclosed that company leaders discussed shutting Ripple down only days after the SEC filed its lawsuit in December 2020.<\/p>\n One option under consideration was to close the business entirely, distribute XRP holdings to shareholders proportionally, and inform the SEC that the entity named in the suit no longer existed.<\/p>\n Garlinghouse said that fighting the case seemed daunting because the government had vastly superior resources. The company ultimately chose to continue operating in large part to avoid leaving hundreds of employees without jobs.<\/p>\n\n Chief Technology Officer David Schwartz confirmed that outside legal counsel told company leadership the business could not be saved and advised executives to strike a deal to protect themselves. Schwartz later clarified that his comments had been misread and that he never intended to suggest a shutdown was imminent.<\/p>\n Garlinghouse also disclosed that Ripple spent about $150M on legal fees during the four-year court battle. That backstory makes the UK taskforce announcement carry additional weight; a company that came within days of dissolving during the SEC lawsuit<\/a> is now sitting at the table with one of the world\u2019s most respected financial regulators.<\/p>\n EXCLUSIVE: Join 99Bitcoin\u2019s $1000 USDT Airdrop on ByBit<\/span><\/a>\n<\/p>\n $XRP<\/a> is slowly moving toward the short-term downside target after losing the rising trendline support. This short setup is looking interesting here, and the current structure favors sellers while price stays\u2026 pic.twitter.com\/Fy9N9NVATm<\/a><\/p>\n \u2014 Cryptorphic (@Cryptorphic1) July 14, 2026<\/a><\/p>\n\n XRP is still trading within a narrow range after recent price swings and a positive trend in XRP news. Market analyst More Crypto Online noted that both the most recent price rally and the subsequent pullback formed three-wave structures, a pattern that does not, on its own, confirm a strong bullish trend.<\/p>\n The analyst identified the support zone between $1.04 and $1.11 as the key level to watch, with a sustained hold there opening a path toward $1.19 and then $1.25. A close below that band would signal further weakness within the broader downtrend.<\/p>\n Longer-term performance provides context: XRP gained 47.6% in 2023, rose 31.2% in 2024, and added 35% in 2025. So far in 2026, the asset is up 3.89%. It shows that the digital asset has continued to post yearly gains despite periods of price weakness.<\/p>\n The UK taskforce participation gives Ripple a concrete regulatory foothold in one of the world\u2019s largest financial centers at a moment when tokenized wholesale markets are moving from strategy documents into operational pilots.<\/p>\n Whether that translates into price momentum depends on how quickly the taskforce converts its mandate into live market infrastructure, and how clearly Ripple\u2019s role within that infrastructure becomes visible to the market.<\/p>\n EXPLORE:\u00a0Best Crypto Presales With Asymmetric Upside in the Current Market<\/a><\/strong><\/p>\n The post Ripple Backs Britain\u2019s Tokenization Push: Did Brad Garlinghouse Just Save XRP?<\/a> appeared first on 99Bitcoins<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" In XRP news today, Ripple Labs has formally backed the UK HM Treasury\u2019s Wholesale Digital Markets taskforce, positioning itself inside Britain\u2019s effort to build what the company estimates could add \u00a333Bn to the UK economy every year by 2035. The announcement arrived alongside fresh disclosures from Ripple\u2019s executive team about how close the company came […]<\/p>\n","protected":false},"author":0,"featured_media":197913,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-197912","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/197912"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=197912"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/197912\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/197913"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=197912"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=197912"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=197912"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
UK now ahead of US, where\u2026 https:\/\/t.co\/Xey08W6ww5<\/a> pic.twitter.com\/wHBwTCSYmv<\/a><\/p>\nXRP News Today: What the Taskforce Is Actually Trying to Do<\/h2>\n
The SEC Lawsuit: How Close Did Ripple Come to Collapse?<\/h2>\n
XRP Price: Support Holds, Direction Unclear<\/h2>\n
For now, lower levels seem likely as long as $1.08 remains resistance.<\/p>\n