XRP Price Ticks on Ripple’s Privacy Upgrade for Banks
Ripple’s XRP has been hovering around $1.36 over the past 24h, modestly trailing a broader crypto rally, primarily driven by a major adoption catalyst in Japan. The price has been lifted from $1.30 due to optimism following Ripple’s privacy upgrade for banks, amidst strong Wall Street adoption.
Trading volume over the last 24 hours is relatively stable at $2.7 billion. The token price ticked following Rakuten Wallet’s integration in Japan, enabling 100 million+ users to convert loyalty points to XRP for payments starting April 15.
Rakuten Wallet, a regulated Japanese platform, will list XRP for payments starting April 15, allowing over 100 million users to convert trillions of loyalty points (worth about $23 billion) into XRP via Rakuten Pay.
This direct utility and massive potential user base drove positive sentiment and buying. This is a concrete step toward mainstream retail adoption, creating organic demand for XRP in a key market, crypto analysts said.
Also, A Congressional Research Service report reaffirmed XRP’s classification as a “digital commodity”, reducing regulatory overhang.
Concurrently, institutional interest grew, with MassMutual adding a Bitwise XRP ETF to its portfolio and XRP spot ETFs seeing daily net inflows.
These positive developments compound bullish sentiment, suggesting growing institutional comfort with XRP’s legal status.
The immediate trigger is the Rakuten integration live date (April 15). Technically, XRP faces key resistance at $1.40; holding above support at $1.35 could fuel a breakout. The broader market rally, driven by geopolitical optimism, provides a supportive backdrop.
The combination of a major utility catalyst and improving regulatory optics supports XRP’s uptrend, though it remains sensitive to broader market momentum
The XRP Ledger (XRPL) has natively integrated Boundless zero-knowledge proof (ZKP) technology. This allows for “hidden” smart contracts and private transactions, hiding details like amounts and counterparties while still enabling compliance checks.
The upgrade, announced by XRPL Commons, is pitched as the “missing piece” for bank and corporate adoption.
This is bullish for XRP because it directly addresses a key barrier for financial institutions—the lack of confidentiality on a public ledger. It could unlock new use cases in interbank settlements and corporate treasury management, potentially driving long-term, utility-based demand.
Latest data from CryptoQuant shows XRP liquidity on Binance has fallen to a five-year low, with a liquidity index near 0.053. The 30-day trading volume is around 3.77 billion XRP, among the lowest levels in recent years, pointing to significantly reduced market participation.
Earlier in the week, XRP saw futures volume hit $1.74 billion, while spot volume was just $295 million, with its price holding steady near $1.37. This high-volume, low-volatility pattern was observed across major exchanges like Binance and Coinbase. TON Price Surges 15% as Telegram Boosts Blockchain Speed