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Rakuten Wallet will begin offering spot trading for $XRP on April 15, introducing the token to one of Japan’s largest loyalty and payment networks. $XRP will join Stellar (XLM), Dogecoin (DOGE), Shiba Inu (SHIB), and Toncoin (TON) as new additions to the Japanese crypto platform.
$XRP integrated with Rakuten Points and Pay
Rakuten Wallet is the cryptocurrency division of Rakuten Group, a major Japanese tech conglomerate known for its e-commerce, financial services, and digital ecosystems. Rakuten’s loyalty program has issued more than 3 trillion points, amounting to around $23 billion in value, making it a cornerstone of consumer rewards in Japan.
With $XRP now available, users can convert their Rakuten Points directly into $XRP, eliminating the need for a fiat deposit. This direct conversion links loyalty rewards with crypto trading, integrating digital assets into everyday consumer activity.
After exchanging Rakuten Points for $XRP, holders are able to transfer that value into Rakuten Cash. This balance can then be spent via Rakuten Pay, an app serving nearly 44 million users, across more than 5 million merchant locations throughout Japan.
This move positions Rakuten Wallet and its partners at the leading edge of regulated retail crypto integrations, broadening cryptocurrency access in Japan’s mainstream markets. Building on this, Rakuten Wallet has launched a promotional campaign, promising up to ¥100,000 ($630) in $XRP rewards for customers who meet campaign criteria before May 15.
$XRP price struggles against key resistance
Ahead of the Rakuten launch, $XRP’s price has stayed near $1.37. Technical analysis shows the token trading within a descending triangle, a formation that has shaped the asset’s market action since February.
A descending triangle often signals sellers remain in control. $XRP faces immediate resistance at $1.40, with $1.45 considered the level where bulls could regain momentum.
For a clear reversal of the bearish trend, price watchers look to a daily candlestick close above $1.43. A confirmed break at that level would indicate that downward pressure from the chart pattern is weakening, possibly setting up a short-term bullish move.
If the token drops, support is expected near $1.29. Technical analysts are watching the $1.31 level as a threshold; a close below this may increase selling pressure and affect the near-term outlook.
Market participants are closely observing whether the new Rakuten Wallet listing leads to increased buying interest, which could translate into upward price movement. Actual impact will likely become clear in the weeks after the listing as adoption data starts to emerge.