Close Menu
MarketForces AfricaMarketForces Africa
    What's Hot

    Investors Trim Nigerian Bond Holdings Over Shrinking Rates

    August 31, 2026

    Money Market Liquidity Tightens as CBN Steps Up OMO Actions

    August 31, 2026

    XRP Falls as Ripple Prime Opens Wall Street Swap Desk

    August 31, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Investors Trim Nigerian Bond Holdings Over Shrinking Rates
    • Money Market Liquidity Tightens as CBN Steps Up OMO Actions
    • XRP Falls as Ripple Prime Opens Wall Street Swap Desk
    • Cardano Price Falls to $0.20 on Altcoin Sell Pressure
    • Fitch Affirms France at ‘A+’ with Stable Outlook
    • MTN Nigeria Dips Ahead of Scheduled Dividend Payments
    • First Holdco Hits N6.6trn on 60% Distributable Profit Bets
    • Navy Disrupts 2 Illegal Refining Sites in Rivers
    • Home
    • About Us
    Facebook X (Twitter) Instagram LinkedIn WhatsApp TikTok Telegram
    MarketForces AfricaMarketForces Africa
    Subscribe
    Monday, August 31
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » MarketForces News » XRP Tops $1.37 as Rakuten Integrates Token for Payment in Japan

    XRP Tops $1.37 as Rakuten Integrates Token for Payment in Japan

    Julius AlagbeBy Julius AlagbeApril 14, 2026Updated:April 14, 2026 News No Comments2 Mins Read
    XRP Tops $1.37 as Rakuten Integrates Token for Payment in Japan
    Share
    Facebook Twitter LinkedIn Pinterest Email Tumblr Reddit Telegram WhatsApp Copy Link

    XRP Tops $1.37 as Rakuten Integrates Token for Payment in Japan

    Ripple’s XRP price climbed to $1.37 on Tuesday, the highest over the past 24h, driven primarily by a major utility expansion with Rakuten’s payment integration in Japan.

    Data from crypto exchanges indicate that XRP trading volume has increased sharply, up 61% to $ 29 billion at press time. The token, the fourth largest in the crypto market, climbed to $84 billion on Tuesday at a trading price of $1.3709, according to data from Coinglass.

    In a notice, Rakuten Wallet, Rakuten’s cryptocurrency platform, today announced the launch of XRP as a spot trading and payment asset. The official statement hinted that users can directly exchange Rakuten points for XRP and use it for everyday consumption in Japan via Rakuten Cash/Pay.

    This integration brings XRP into Rakuten’s e-commerce and payment network, which covers approximately 44 million users, over 3 trillion points (approximately US$23 billion), and more than 5 million merchants.

    This directly embeds XRP into a mainstream commerce network, boosting its utility narrative. This is a tangible step toward real-world adoption, creating a new source of organic demand from a vast user base.

    Despite negative retail sentiment, institutional flows have been strong. Spot XRP ETFs recorded $119.6 million in weekly inflows—the highest since December 2025—and whale accumulation hit a 10-month high

    With positive sentiment, large, sophisticated investors are building positions, providing a counterweight to retail selling pressure and supporting the price floor.

    Crypto analysts said the immediate focus is the launch of the Rakuten integration on April 15, with potential to drive XRP to a new high, trailing crypto analysts’ $1.40 target price.

    Technically, XRP faces key resistance at $1.42. If buying momentum from the news holds and the price breaks above $1.42, it could target the $1.45–$1.50 range.

    The downside is guarded by support at $1.35 and then $1.30, crypto analysts said.  The combination of a near-term utility catalyst and steady institutional buying creates a favourable setup for XRP, though it must overcome technical resistance to extend gains. Bitcoin Gains as Iran Demands Crypto for Toll Payment

    XRP
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Julius Alagbe
    • Website
    • LinkedIn

    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

    Keep Reading

    Investors Trim Nigerian Bond Holdings Over Shrinking Rates

    Money Market Liquidity Tightens as CBN Steps Up OMO Actions

    XRP Falls as Ripple Prime Opens Wall Street Swap Desk

    Cardano Price Falls to $0.20 on Altcoin Sell Pressure

    Fitch Affirms France at ‘A+’ with Stable Outlook

    MTN Nigeria Dips Ahead of Scheduled Dividend Payments

    Add A Comment

    Comments are closed.

    Editors Picks

    Investors Trim Nigerian Bond Holdings Over Shrinking Rates

    August 31, 2026

    Money Market Liquidity Tightens as CBN Steps Up OMO Actions

    August 31, 2026

    XRP Falls as Ripple Prime Opens Wall Street Swap Desk

    August 31, 2026

    Cardano Price Falls to $0.20 on Altcoin Sell Pressure

    August 30, 2026

    Fitch Affirms France at ‘A+’ with Stable Outlook

    August 30, 2026
    Latest Posts

    Investors Trim Nigerian Bond Holdings Over Shrinking Rates

    August 31, 2026

    Money Market Liquidity Tightens as CBN Steps Up OMO Actions

    August 31, 2026

    XRP Falls as Ripple Prime Opens Wall Street Swap Desk

    August 31, 2026

    Cardano Price Falls to $0.20 on Altcoin Sell Pressure

    August 30, 2026

    Fitch Affirms France at ‘A+’ with Stable Outlook

    August 30, 2026

    Subscribe to News

    Get the latest sports news from Dmarketforces Africa about finance, business and tech.

    Advertisement
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • Politics
    • Economy
    • Business
    • Opinions
    • Fintech
    • Science & Technology

    Company

    • About us
    • Advertising
    • Classified Ads
    • Contact Info
    • Editorial Policy

    Services

    • Subscriptions
    • Research
    • Due Diligence
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Subscribe to updates from MarketForces Africa, an independent financial news service provider.

    © 2026 MarketForces Africa. All rights reserved.
    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.