XRP Treads Water Near Multi-Year Trendline as Japanese Bank Ties Deposits to Token Rewards

XRP is currently trading near a crucial trendline that has defined its market cycles since 2020. According to crypto analyst STEPH IS CRYPTO, if buyers can defend this level and push through nearby resistance, momentum could return and open a path toward the $6 to $10 range over the long term.

However, a failure to sustain the trendline would likely weaken the bullish case and invite additional selling pressure. The short-term outlook hinges on whether the support zone can hold while broader market conditions remain stable.

The technical setup is unfolding alongside a new initiative from SBI Shinsei Bank, which has launched a rewards program that offers XRP to eligible retail customers who open yen fixed-term time deposits.