Key Takeaways
- Ripple’s XRP currently trades at $1.37, declining more than 4% across the week with four straight negative sessions
- Thursday saw $5.83 million in net outflows from XRP spot ETFs listed in the United States
- April 30, 2026 marked Rakuten Wallet’s official launch of XRP spot trading and payment services
- This deployment connects XRP to Rakuten’s 44 million active Pay users and approximately $23 billion worth of loyalty rewards points
- Trading metrics indicate modest optimism, with the long-short ratio standing at 1.03
Ripple’s digital asset XRP holds a price of $1.37 this Friday, May 1, following a sequence of four consecutive losing sessions that stripped over 4% from its weekly value.
The current valuation remains beneath all major exponential moving averages. Immediate overhead resistance emerges at the 50-day EMA positioned at $1.40, with the 100-day EMA creating a secondary barrier at $1.51.
The daily Relative Strength Index registers at 45, falling short of the 50 midpoint threshold. Meanwhile, the MACD indicator has descended deeper into bearish territory, with both metrics signaling ongoing downward momentum.
For potential support zones, the $1.30 level represents the first critical area where previous buying interest materialized. Should that floor fail, XRP’s descending channel structure suggests a lower boundary near $0.75.
Institutional positioning reflected hesitation throughout the week. According to SoSoValue tracking, XRP spot exchange-traded funds experienced $5.83 million in net withdrawals on Thursday, breaking a brief two-day period of positive flows.
Rakuten Extends XRP Access to Massive User Base
Rakuten Wallet introduced XRP spot trading and payment capabilities on April 30, 2026, across its Japanese operations. The platform now enables users to transform Rakuten loyalty rewards into XRP and deploy the cryptocurrency at more than 5 million participating merchants globally.
Rakuten’s loyalty program maintains circulation of over 3 trillion points, translating to approximately $23 billion in value, all of which can now be exchanged for XRP. This initiative provides XRP with direct access to Rakuten Pay’s 44 million active user accounts.
Rakuten Wallet has also launched incentive programs targeting new participants. Customers purchasing 30,000 yen or more in XRP receive 500 yen worth of XRP bonuses, while those reaching 100,000 yen in purchases earn 1,500 yen in XRP rewards.
The service is presently accessible on Android devices as an early release version. The iOS platform update remains scheduled for future deployment.
Online Community Enthusiasm Grows
Data from Santiment Intelligence reveals that XRP’s positive social media activity has reached its second-strongest reading across the previous nine months, partially fueled by the Rakuten announcement.
Despite elevated community enthusiasm, XRP’s market valuation hasn’t demonstrated significant upward reaction. The token has declined approximately 55% throughout the past nine-month period, based on TradingView statistics.
Futures market indicators present a slightly more encouraging picture. CoinGlass data reveals XRP’s long-to-short positioning ratio at 1.03, approaching its highest measurement in more than 30 days. The open interest-weighted funding rate also shifted to positive territory on Friday at 0.0015%, indicating a marginal tilt toward bullish contract positioning.
The Rakuten integration remains operational on Android platforms, while the iOS version awaits its official launch.
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