Rakuten Accelerates Cryptocurrency Adoption with XRP Integration
- User Access Expansion: By integrating XRP as a payment method, Rakuten provides direct access to 44 million users, significantly enhancing payment options and convenience for its customer base.
- Merchant Network Coverage: Users can now utilize XRP at over 5 million merchant locations across Japan through the Rakuten Pay app, which is expected to drive the adoption of cryptocurrency in everyday transactions and boost merchant sales.
- Loyalty Points Conversion: The 3 trillion loyalty points in circulation on Rakuten's platform, worth approximately $23 billion, can now be converted to XRP, enhancing asset liquidity for users and potentially attracting more participants to cryptocurrency trading.
- Significant Market Impact: According to Ripple's ecosystem manager, this integration marks a major milestone for the crypto sector, likely introducing digital assets to millions of everyday shoppers and fostering growth across the industry.
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Technical Analysis for MAJOR
Technical Sentiment Analysis for Major (MAJOR). As of , Major (MAJOR) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 2 indicators are flashing buy, while 6 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for MAJOR stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, MAJOR is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Major (MAJOR) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0548 | 0.0576 | 0.0602 | 0.0629 | 0.0655 | 0.0683 | 0.0708 |
| Fibonacci | 0.0576 | 0.0597 | 0.0609 | 0.0629 | 0.065 | 0.0662 | 0.0683 |
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