XRP sentiment rose after Rakuten Wallet enabled points conversion, spot trading and payments across millions of merchants in Japan.
XRP is currently positioned at $1.40 following a modest 1.2% uptick in the past day. This price action arrives alongside renewed institutional interest and the rollout of a significant retail partnership in Japan.
The company said the region has become one of its most important in the past several years.
Cryptocurrency adoption in Japan has taken a significant leap forward as Rakuten Wallet officially rolls out XRP spot trading and payment functionalities. Starting today, users of Rakuten Wallet in Japan can convert their Rakuten loyalty points into XRP.
RippleX has announced that users of Rakuten Wallet can now convert Rakuten Points directly into XRP, trade it in-app, and spend it across more than 5 million merchant locations, marking one of the largest real-world retail deployments of XRP to date.
Large wallets may be reducing exchange supply, but derivatives traders are leaning bullish!
XRP price extended losses and traded below $1.380. The price is now consolidating losses and faces hurdles near $1.3840 and $1.40.
Ripple's stablecoin just landed on OKX. As of April 29, traders can swap RLUSD across more than 280 spot pairs, including a direct line to XRP.
Ripple and OKX announced on April 29 that RLUSD is now live on eligible OKX markets, adding 280+ spot pairs and derivatives collateral support. The rollout includes XRP/RLUSD trading, XRPL deposits and withdrawals, and access to OKX's unified order book. Key Takeaways: Ripple and OKX launched RLUSD across 280+ eligible spot pairs.
Leading cryptocurrencies stagnated, while stocks fell on Wednesday due to the Federal Reserve's interest rate decision and uncertainty surrounding U.S.-Iran peace talks. Cryptocurrency 24-Hour Gains +/- Price (Recorded at 9:30 p.m.
Ripple's stablecoin launched on one of the world's largest crypto exchanges as experts called XRP the future global reserve currency.
Ripples XRP is once again drawing attention as discussions intensify around its potential evolution from a payment-focused cryptocurrency into a global reserve asset. The renewed interest comes as industry leaders and crypto enthusiasts gather for XRP Las Vegas, beginning April 30, where conversations about the future of digital assets are taking center stage.