Japan's Lower House approved a crypto tax proposal to cut the top rate on digital-asset gains from about 55% to a flat 20% and to treat crypto as a financial instrument, with tax changes targeted for 2028 and possible ETF approvals as early as 2027. XRP traded around $1.14 after repeated tests of the $1.15 resistance zone, while traders watched $1.10 support and a potential move toward $1.20 if a daily close clears $1.15. Separately, SBI Holdings has applied to Japan's FSA for ETF products that include a spot Bitcoin-XRP structure and a hybrid Digital Gold-Crypto ETF, targeting up to $32 billion in AUM within three years.

XRP saw heightened activity from large holders on Binance between June 3 and June 11, 2026, with daily outflows above 1 million XRP adding up to 465 million tokens worth about $530.1 million. Over the prior 30 days, whale wallets deposited 1.33 billion XRP to Binance, even as XRP is down nearly 22% over the past month. Finbold’s AI Agent projected an average 2.92% decline over the next seven days, targeting $1.11 by June 19.

XRP has been hovering around the $1.10 area even as daily futures volume has jumped back above $5 billion, a level last seen when price traded near $1.65. A TD Sequential buy setup on the 3-day chart and support around $1.09–$1.10 are being watched for a possible rebound toward $1.20 and $1.30, while a breakdown below $1.10 could bring another leg lower.

On 12 June 2026, Solana Foundation President Lily Liu said on CNBC that crypto’s key value is always-on financial access for anyone with an internet connection, which she framed as a potential market of 5.5 billion users. Her comments came as SOL traded at $67.21, about 33% below its 200-day average of $100.43, while the network hosted tokenized exposure tied to SpaceX’s Nasdaq debut priced at $135 per share and valued near $1.75 trillion.

Avalanche Treasury Co. (Nasdaq: AVAT) fell 38.13% in its first trading session on June 11, ending at $1.85 after opening from a $2.99 reference price. The company began trading with nearly 15 million AVAX and says it aims to build value via staking, validator operations, and investments across the Avalanche ecosystem.

XRP’s weighted sentiment has dropped to its weakest level since October 2025 as the token slid toward $1.10. XRP was recently near $1.13 and is down about 38% in 2026, while liquidations reached about $25.64 million over 24 hours with roughly 96% from longs. Santiment noted that extreme disinterest has sometimes preceded sharp rebounds, though it said sentiment alone cannot confirm a reversal.

XRP’s weighted sentiment has fallen to its lowest point since October 2025, even as the token trades around $1.1287 and continues to print lower highs after the June 8 rejection at $1.18. The 4-hour chart shows a bearish moving-average stack (SMA50 $1.1323, SMA100 $1.2156, SMA200 $1.3077) with $1.09 holding three times; a break could expose $1.06, while a reclaim of $1.18 would be needed to disrupt the downtrend structure.

Avalanche Treasury Co. began trading on Nasdaq on Thursday under the ticker AVAT after completing a $675 million merger with a crypto-focused SPAC, and the stock ended its first session down 38.1% at $1.85. The company said it plans to deploy capital across the Avalanche ecosystem and intends to buy more than $1 billion worth of AVAX over time.