Army

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Drops

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SBI Holdings CEO Yoshitaka Kitao has publicly reaffirmed his confidence in XRP. He did so in one of the most direct ways possible. A community member asked him whether he still trusts the asset. He replied with a single word: “YES.”
<h2 id="strong-xrp-s-recent-struggle-strong">XRP’s Recent Struggle</h2>
The exchange comes as XRP holders endure a rough stretch in the market. XRP shed 18% in October alone. It has declined more than 70% from its all-time high of $3.65, <a href="https://timestabloid.com/xrp-is-a-falling-knife-expert-says-find-out-how-low-it-could-go/" rel="noopener noreferrer nofollow">and the asset’s price is still falling quickly</a>. Sentiment indicators show widespread fear among traders. The decline has tested the patience of long-term holders.
Community member CryptoKen addressed Kitao directly. He <a href="https://x.com/HokutoCrypto/status/2120211358209716383?a=Znp_3Kk1kJkJIIdTnMA&amp;s=19" rel="noopener noreferrer nofollow">wrote</a> that he and the XRP Army felt “deeply let down by Ripple” and described XRP as “truly exhausting these past few weeks.” Ripple and its executives have received significant criticism in recent weeks because of XRP’s poor performance, but Kitao’s response has encouraged many in the community.
<blockquote class="twitter-tweet">
 YES.
 — 北尾吉孝 (@yoshitaka_kitao) <a href="https://x.com/yoshitaka_kitao/status/2120870845702955041?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 12, 2026</a>
</blockquote>
<h2 id="strong-how-sbi-has-built-around-xrp-strong">How SBI Has Built Around XRP</h2>
SBI’s support for XRP goes well beyond statements. The company <a href="https://timestabloid.com/xrp-army-reacts-as-sbi-holdings-reveals-how-much-ripple-shares-it-holds/" rel="noopener noreferrer nofollow">owns approximately 9% of Ripple Labs</a> and has integrated XRP across multiple financial products.
In March, SBI VC Trade became the first regulated distributor of Ripple’s RLUSD stablecoin in Asia. In May, six SBI subsidiaries including SBI Shinsei Bank and SBI Insurance Group began distributing XRP rewards directly to shareholders.
SBI also expanded its XRP rewards program to its mortgage subsidiary, SBI ARUHI. At the company’s May 2026 shareholder meeting, Kitao told investors that Ripple should<a href="https://timestabloid.com/sbi-ceo-drops-ripple-and-xrp-truth-bomb-for-shareholders/" rel="noopener noreferrer nofollow"> not be viewed merely as a company holding XRP in escrow</a>. He stated that Ripple owns “a whole valuable business ecosystem on top of that massive XRP position.”
<h2 id="strong-confidence-despite-the-decline-strong">Confidence Despite the Decline</h2>
XRP trades at $1.02, down over 13% in the past week. Kitao has maintained his position throughout XRP’s current decline. He has previously <a href="https://timestabloid.com/sbi-chairman-doubles-down-on-ripple-and-xrp-support/" rel="noopener noreferrer nofollow">called blockchain technology the most revolutionary innovation of the century</a>.&nbsp;
At SBI’s quarterly briefing in November, he stated that XRP’s value is tied to its utility in payment applications and ecosystem usage. He distinguished it from Bitcoin, which investors buy primarily to hold.
His response to the XRP community carries the same conviction his company has shown through its products, partnerships, and capital allocation across the year. SBI has consistently backed XRP, and its Chairman has confirmed that his stance has not changed.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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The post <a href="https://timestabloid.com/sbi-ceo-drops-major-statement-for-xrp-army-amid-steady-price-crash/" rel="noopener noreferrer nofollow">SBI CEO Drops Major Statement for XRP Army Amid Steady Price Crash</a> appeared first on <a href="https://timestabloid.com" rel="noopener noreferrer nofollow">Times Tabloid</a>.

SBI CEO Drops Major Statement for XRP Army Amid Steady Price Crash

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