XRP Surges as Rakuten Integrates Token for 44 Million Users in Japan

<a href="https://investment-policy.com/xrp-usd/">XRP</a> climbs toward $1.38 as Japan’s Rakuten integrates token for paymentsMarkets

What to know:

XRP is rallying on strong trading volume and whale accumulation, but it remains within a broader downtrend and has yet to confirm a sustained bullish reversal.
Rakuten’s integration of XRP into its payments app for 44 million users, including the ability to spend and earn XRP via loyalty points, marks a major step in real-world adoption in Japan.
Traders are watching $1.37 as a key pivot, with a break above $1.40 to $1.42 needed to signal stronger upside momentum and a drop below $1.32 to $1.30 likely invalidating the breakout.

XRP is currently rising in price, and the increased trading volume suggests this isn’t just a temporary fluctuation. While it needs to demonstrate sustained growth, the recent price increase is holding steady. What’s different this time is the growing real-world applications of XRP, particularly through its use by Rakuten, which strengthens the reasons behind the price movement.

News Background

Rakuten, a leading e-commerce company in Japan, is adding support for XRP to its payment app. This will allow its 44 million users to use XRP to pay at over 5 million stores. Users can also purchase XRP with their Rakuten loyalty points and store it securely in Rakuten Wallet, bringing the cryptocurrency into a widely used shopping platform.

This new development integrates XRP with a major Japanese rewards program that currently holds over $23 billion in points. Ripple views this as a key step forward for XRP’s use, especially as they continue to expand in Asia with partners like SBI Ripple Asia.

Price Action Summary

XRP’s price increased from $1.32 to $1.38, successfully surpassing a resistance level between $1.325 and $1.33 with significant trading activity. This rise happened steadily, suggesting buyers were consistently adding to their positions rather than a sudden jump. Currently, the price is stabilizing just below $1.38, maintaining its gains but pausing before potentially continuing upward.

Technical Analysis

XRP’s recent price increase is significant because it happened with strong trading volume, indicating genuine interest rather than just a small number of trades. Large investors appear to be buying, and there’s growing optimism in the market. However, XRP is still generally trending downwards, so it hasn’t established a fully bullish pattern. While short-term momentum is positive, ETF outflows and ongoing losses suggest that long-term confidence remains uncertain.

What traders should watch

Currently, the $1.37 level is crucial. If the price stays above it, the recent upward trend is likely to continue. However, a decisive move past $1.40 to $1.42 would be a stronger signal of continued gains. If the price falls below $1.32 or $1.30, the upward trend will likely fail, and the price will return to its previous trading range.

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