XRP Price Targets $10 as Trendline Holds and SBI Rewards Drive Adoption

The XRP price is currently testing a long-term trendline that has historically provided support during major market cycles since 2020. According to STEPH IS CRYPTO, the trendline's current interaction with this level is drawing attention as buyers attempt to rebuild momentum.

If the trendline continues to hold, XRP could establish a stronger foundation for recovery and potentially prepare for another significant bullish phase.

Any breakout above the key resistance level is bound to boost the bullish view on the coin and may take the XRP price to the area of $6-$10 in the long run. However, these levels will require a lot of buying power and market momentum.

SBI Shinsei Bank's XRP rewards program for qualified customers participating in a deposit promotion scheme is also contributing to increased adoption and acceptance of cryptocurrencies through banking systems in Japan.