XRP Tests Key Trendline Amid SBI Rewards Program Launch
XRP is currently testing a significant long-term trendline, which has been in place since 2020. Analyst STEPH IS CRYPTO notes that this zone has historically supported market cycles and remains pivotal for further movement.
The token's recent price activity suggests stability, but technical analysts are eyeing a possible upward reversal should key support levels remain intact. If buyers keep the price above this trendline and break through nearby resistance, momentum could return and open the door to higher targets in the range of $6 to $10 over time.
SBI Shinsei Bank's XRP rewards program is designed to attract qualified retail customers to its yen time deposit accounts. Customers depositing at least ¥300,000 for a minimum of six months will receive XRP as a reward, with higher deposits earning larger amounts of the cryptocurrency.