XRP reaches 44 million users in Japan, but is this the moment of takeoff for Ripple’s price?


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

Rakuten Group’s digital currency arm announced the listing along with four other assets, including Stellar (XLM), Dogecoin (DOGE), Shiba Inu (SHIB) and Toncoin (TON).

XRP enters the circle of consumers in two years

confirm announcement Rakuten Wallet has issued the Al-Al-Al-Aban Al-Raed program more than 3 trillion points, worth approximately 2.

The integration allows users to transfer points directly to XRP without depositing paper. From there, it is possible to carry out the opponent’s campaign XRP value من راكوتين كاش and spend it Buy in more than 5 million merchant stores throughout Japan.

Rakuten Pay serves approximately 44 million users, making it one of the largest digital currency access platforms in the organized economy.

To celebrate the listing of XRP, Rakuten Wallet launched a promotion offering XRP rewards of up to ¥100,000 ($630) for qualifying purchases until May 15.

XRP price faces technical resistance

Despite the rising stimulus, it trades XRP price close to 1.37 dollars, enclosed within the triangle habt set its direction since February.

الحابت المثلث الحابت is a style of drawing used by Habati technical analysis To indicate the possibility of a continuation of the downward trend.

The symbol is facing immediate resistance at the level of 1.40 dollars and it will need to be converted to 1.45 dollars.

The closing of the decisive candlestick above 1.43 dollars in the daily time frame will confirm the rejection of the answer, which indicates a reversal of the chart pattern on the price of XRP. This potential breakout above the upper trend line of the triangle may change the future outlook.

XRP price performance
XRP price performance. source: TradingView

The support is close to 1.29 dollars. A break may occur under this limit from this limit of selling pressure. Traders who want to take positions at the Ribel price should think about waiting for a daily closing of the candlestick below 1.31 dollars.

Whether the addition of rakoutin will translate into a measurable purchase demand will depend on the users who used it in the weeks following the launch on April 15.



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