Rakuten Integrates XRP Payments, Boosting Digital Asset Adoption in Japan

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 6 days ago

Should l Buy XRP?

Payment Platform Integration: Japan's leading payment platform Rakuten has announced support for XRP payments, allowing users to convert approximately 3 trillion yen in points into XRP, significantly enhancing payment flexibility for users.
Wide Merchant Coverage: The converted XRP can be used at over 5 million merchants across Japan, which is expected to boost Rakuten's transaction volume and user engagement, further solidifying its market position.
Large User Base: Rakuten boasts over 100 million members and is projected to reach a gross transaction volume of approximately $40 billion by 2025; this integration will provide XRP with broader use cases and increased trading volume.
Significant Industry Impact: Tatsuya Korogi, Head of Ecosystem Growth at Ripple Labs, stated that Rakuten's integration of XRP, as one of Japan's most trusted brands, will promote widespread acceptance of digital assets and ignite excitement within the crypto community.

Get Real-Time Alerts for Any Crypto Movement

Monitor assets like XRP with instant alerts on price breakouts and whale movements. Don't let a 24/7 market leave you behind.

Technical Analysis for XRP

Technical Sentiment Analysis for XRP (XRP). As of , XRP (XRP) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 4 indicators are flashing buy, while 1 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for XRP 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, XRP 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 $-.

XRP (XRP) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	1.123	1.221	1.314	1.412	1.505	1.603	1.695
Fibonacci	1.221	1.294	1.339	1.412	1.485	1.53	1.603

About XRP

Launched in 2012, the XRP Ledger (XRPL) is an open-source, permissionless and decentralized technology. Benefits of the XRP Ledger include its low-cost ($0.0002 to transact), speed (settling transactions in 3-5 seconds), scalability (1,500 transactions per second) and inherently green attributes (carbon-neutral and energy-efficient). The XRP Ledger also features the first decentralized exchange (DEX) and custom tokenization capabilities built into the protocol. Since 2012, the XRP Ledger has been operating reliably, having closed 70 million ledgers.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

GET FREE REAL TIME NOTIFICATIONS

Stock Monitor for XRP?

Get Started Free

FREE STOCK RECOMMENDATIONS DAILY

Stock Bullish Tomorrow

Get Started Free

70% BACKTESTED ACCURACY!

Should I Buy XRP?

Get Started Free