Key Highlights
- XRP currently sits at $1.37, declining more than 4% across the week following four straight losing sessions
- Thursday witnessed $5.83 million in net outflows from US-based XRP spot ETF products
- Rakuten Wallet introduced XRP spot trading and payment capabilities on April 30, 2026
- This deployment connects XRP to 44 million Rakuten Pay customers and approximately $23 billion worth of loyalty rewards
- Futures market indicators reveal modest optimism, displaying a long-to-short ratio of 1.03
Ripple’s XRP token is exchanging hands at $1.37 this Friday, May 1, following a consecutive four-day downturn that has stripped over 4% from its weekly value.
The digital asset currently trades beneath all major exponential moving average benchmarks. The closest overhead resistance appears at the 50-day EMA level of $1.40, with the 100-day EMA positioned at $1.51 above that.
The Relative Strength Index on the daily timeframe registers at 45, positioning below the midpoint threshold of 50. Meanwhile, the MACD indicator has descended deeper into bearish territory, suggesting persistent near-term downward momentum.
On the support side, the $1.30 zone represents a key level where demand has historically emerged. Further downside would target the lower boundary of XRP’s declining channel formation, located around the $0.75 mark.
Institutional appetite appeared subdued during the week. According to SoSoValue tracking, XRP spot exchange-traded funds experienced $5.83 million in net withdrawals on Thursday, breaking a brief two-session streak of positive flows.
Rakuten Wallet Expands XRP Accessibility to 44 Million Customers
Rakuten Wallet executed the official launch of XRP spot trading and payment features in Japan on April 30, 2026. The platform now enables customers to transform their Rakuten loyalty rewards into XRP holdings and deploy the cryptocurrency across more than 5 million merchant outlets globally.
The Rakuten platform maintains circulation of over 3 trillion loyalty reward points, representing approximately $23 billion in purchasing power, all of which can now be exchanged for XRP. This implementation provides XRP with direct access to Rakuten Pay’s 44 million active customer base.
Rakuten Wallet has launched an incentive program targeting new participants. Customers purchasing 30,000 yen or more in XRP will receive 500 yen worth of XRP bonuses, while those exceeding 100,000 yen in purchases qualify for 1,500 yen in cryptocurrency rewards.
The feature deployment is presently available on Android devices as a preliminary release. The iOS platform update is anticipated to arrive subsequently.
Community Enthusiasm Increases
Data from Santiment Intelligence indicates that XRP’s positive social media momentum has climbed to its second-strongest reading across the last nine months, influenced in part by the Rakuten deployment.
Despite elevated sentiment metrics, XRP’s market price has failed to generate significant upward movement. The token has depreciated approximately 55% throughout the preceding nine-month period, according to TradingView records.
Futures market data presents a marginally constructive outlook. CoinGlass reports XRP’s long-to-short positioning ratio at 1.03, approaching its highest reading in more than thirty days. The open interest-weighted funding rate also reversed to positive territory on Friday at 0.0015%, indicating slight preference for bullish contract positions.
The Rakuten integration remains accessible exclusively on Android at present, with the iOS deployment still awaiting official release.
