by Coinstrooper Crypto Articles
Quick Take
  • Rakuten Wallet will add XRP for spot trading on April 15, connecting the token to Japan’s largest loyalty and payments ecosystem.
  • Rakuten Wallet’s announcement confirmed that all five new tokens will support exchange with Rakuten Points.
  • Japan’s leading loyalty program has issued over 3 trillion points, valued at roughly $23 billion.
  • The integration allows users to convert points directly into XRP without a fiat deposit.

What Happened

The crypto arm of Rakuten Group announced the listing alongside four other assets, including Stellar (XLM), Dogecoin (DOGE), Shiba Inu (SHIB), and Toncoin (TON).

Rakuten Wallet’s announcement confirmed that all five new tokens will support exchange with Rakuten Points. Japan’s leading loyalty program has issued over 3 trillion points, valued at roughly $23 billion.

To mark the XRP listing, Rakuten Wallet launched a promotional campaign offering up to ¥100,000 ($630) in XRP rewards for qualifying purchases through May 15.

Whether Rakuten’s integration translates into measurable buying demand will depend on user adoption rates in the weeks following the April 15 launch.

Market Context

Rakuten Wallet will add XRP for spot trading on April 15, connecting the token to Japan’s largest loyalty and payments ecosystem.

XRP Price Faces Technical Resistance

Despite the bullish catalyst, XRP price trades near $1.37, confined within a descending triangle that has defined its trend since February.

A decisive candlestick close above $1.43 on the daily timeframe would confirm the invalidation of the bearish trend, signaling the chart pattern’s hold over the XRP price is broken. This potential breakout above the triangle’s upper trendline may shift the near-term outlook.

Support sits near $1.29. A break below that floor could accelerate selling pressure. Traders looking to take short positions for the Ripple price should consider waiting for a daily candlestick close below $1.31.

The post XRP Taps Japan’s 44 Million Users, But Is This the Breakout Moment for Ripple Price? appeared first on BeInCrypto.

Why It Matters

A descending triangle is a bearish chart pattern used in technical analysis to signal a potential continuation of a downward trend.

The token faces immediate resistance at the $1.40 level and would need to reclaim $1.45 to signal a meaningful recovery.

Details

XRP Enters Rakuten’s Consumer Loop

The integration allows users to convert points directly into XRP without a fiat deposit. From there, holders can charge XRP value into Rakuten Cash and spend it through Rakuten Pay at more than 5 million merchant locations across Japan.

Rakuten Pay serves approximately 44 million users, making this one of the broadest retail crypto on-ramps in a regulated economy.