Technical Analysis: XRP Momentum Indicators Show Bearish Signs The XRP price is trading at $1.37 on Friday, maintaining a short-term downtrend as it remains within a broader parallel descending channel, staying below all major exponential moving averages. The 50-day exponential moving average at $1.40 is the nearest support level, while the 100-day EMA at $1.51 and the upper boundary of the channel near $1.56 serve as layered resistance levels. Momentum is weak, with the daily Relative Strength Index at 45 still below the neutral 50 line, while the MACD indicator has slipped further into negative territory, indicating that upward moves are likely to remain vulnerable as the price trades below these averages. On the other hand, there is initial demand observed at the horizontal support zone around $1.30, where buyers previously defended the lower end of the recent range before the distant lower boundary of the channel near $0.75 in case selling pressure accelerates. On the upside, a daily close above the 50-day EMA at $1.40 would be the first step toward easing immediate bearish pressure, with additional resistance appearing at the 100-day EMA around $1.51 and then at the top of the channel near $1.56; only a sustained breakout beyond these levels would begin to challenge the broader bearish structure, before horizontal resistance#R?PPLE

#USSeeksStrategicBitcoinReserve Rakuten Wallet Releases Point Conversion Feature to XRP Available at 5 Million Merchants Rakuten Wallet users in Japan can now convert Rakuten Points into XRP. This feature allows users to leverage loyalty points into crypto assets that can then be used for transactions at over 5 million merchants within the Rakuten network. This move connects the loyalty ecosystem with blockchain-based digital payments, expanding the utility of points that were previously limited to internal services. With the conversion to XRP, users gain greater flexibility in using the value of their points, including for everyday payments. This integration also demonstrates how major technology companies are beginning to combine rewards systems with digital assets. Rakuten itself is known as one of the largest e-commerce platforms in Japan, with a wide network of merchants. This development reflects the increasing adoption of crypto in daily consumption activities, not just as an investment asset.