XRP moved toward $1.38 after news that Rakuten integrated the token into its payments ecosystem, bringing new utility to millions of users. The integration allows roughly 44 million users to spend XRP across more than 5 million merchants, while also enabling customers to convert loyalty points into XRP through Rakuten Wallet.
This development links XRP to one of Japan’s largest loyalty systems, where more than $23 billion worth of reward points are actively circulating. The move strengthens XRP’s presence in Asia and builds on earlier partnerships such as SBI Ripple Asia, which has supported regional blockchain payment adoption.
XRP Price Rally Faces Resistance After Brief Breakout
Price action showed XRP rising from $1.32 to $1.38, breaking above the $1.325–$1.33 resistance zone with strong trading volume. However, the rally struggled to sustain momentum and pulled back slightly to around $1.35, suggesting hesitation near resistance.
Market activity indicates that the rally was supported by steady accumulation rather than sudden price spikes. Whale buying and rising open interest signals suggest growing institutional participation behind the move, although broader market sentiment remains cautious.
Traders are closely monitoring $1.37 as a key pivot level. Holding above this level would support continuation toward the $1.40–$1.42 resistance range, which is viewed as the threshold for confirming stronger bullish momentum.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.