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XRP tests $1.35 as Ripple executives head to Japan conference on institutional adoption

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XRP tests .35 as Ripple executives head to Japan conference on institutional adoption
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XRP (CRYPTO: decentralized (DeFi).

XRPL Japan is hosting the XRP Tokyo 2026 event with several Ripple executives, including Christina Chan, Tatsuya Kohrogi et Markus Infangerwho must speak.

The event also includes the participation of Eiji Kobayashi de Securitize Japan, And Nakamura d’Evernorth, Takafumi Shimoyama from SBI Ripple Asia, and SungMo Park from A16z Crypto.

Japan is of strategic importance to Ripple and XRP thanks to its long-standing partnerships with SBI Holdings.

The CEO of Ripple, Brad Garlinghouseconfirmed the growing demand for crypto assets and the stable currency RLUSD from traditional financial institutions.

Ties between SBI and Ripple date back to 2016, with the creation of SBI Ripple Asia, which works on cross-border payment solutions between Japan, South Korea, India and the Philippines. SBI remains Ripple’s largest external shareholder.

Ties between SBI and Ripple date back to 2016, with the creation of SBI Ripple Asia, where both parties worked on cross-border payment solutions between Japan, South Korea, India and the Philippines.

These are real payment corridors using XRP, not just paper plans.

SBI remains Ripple’s largest external shareholder, making its continued support a key factor in the broader narrative around XRP.

In February 2026, SBI launched a 10 billion yen ($64 million) blockchain bond that rewards investors with XRP – a first for a major Japanese financial institution.

Plans are underway to introduce Ripple’s RLUSD stablecoin to Japan via SBI’s licensed exchange.

SBI Ripple Asia has partnered with Asia Web3 Alliance Japan to support startups developing financial tools on the XRP ledger.

XRP formed a recovery candlestick today after declining from April 3 lows near $1.28.

All the exponential moving averages (EMAs) – 20 at $1.3235, 50 at $1.3205, 100 at $1.3296 and 200 at $1.3514 – grouped together into an unusually tight cluster.

When exponential moving averages cluster in this way, it usually means that a momentum decision point is near.

The Supertrend turned green at $1.3163, marking the first bullish signal on the 2-hour time frame in several weeks. Short-term sellers lose control of the narrative over that time frame.

However, the descending trendline from the high of $1.61 reached on April 17 just above the current price. It is necessary for XRP to be able to break and hold above the $1.36-1.38 range to confirm that this is not another missed bounce.

Key support lies at $1.3163 (Supertrend) with support at $1.28 below. Resistance lies at $1.3514 (200 EMA), then $1.38, then $1.42.

This article was written in English and translated into French by an AI. For correction requests, please contact corrections@benzinga.com.