XRP Price Could Target $10 As Key Trendline Holds And SBI Rewards Drive Adoption

By Usman Zafar | Edited By Ammar Raza,August 17, 2026, 3:00 AM

The XRP price is testing a long-term trendline that could support a bullish recovery if buyers maintain control. A breakout above resistance may strengthen momentum, while SBI Shinsei Bank’s XRP rewards campaign could further boost retail exposure and connect traditional banking with digital assets.

At the time of writing, XRP is trading at $605.16 with a 24-hour trading volume of $600.35 million and a market capitalization of $80.58 billion. Despite the signs of stability over the last 24 hours, the XRP price structure and institutional adoption point to a bullish reversal ahead.

Source: CoinMarketCap

Also Read: XRP Price Eyes $2.90 as Key Support Holds and Bulls Target Trendline Breakout

XRP Price Could Surge to $10 on Trendline Breakout

According to the crypto analyst STEPH IS CRYPTO, the XRP price is retesting a long-term trendline that has historically provided support during major market cycles since 2020. 

Its latest interaction with this level is drawing attention as buyers attempt to rebuild momentum. If the trendline continues to hold, XRP could establish a stronger foundation for recovery and potentially prepare for another significant bullish phase.

Source: STEPH IS CRYPTO’s X Post

Any breakout above the key resistance level is bound to boost the bullish view on the coin and may take the XRP price to the area of $6-$10 in the long run. 

However, these levels will require a lot of buying power and market momentum. At the moment, it is important for XRP to hold onto the trend line.

Japan Bank Launches XRP Rewards for Savers

However, STEPH IS CRYPTO also pointed out that the Japanese bank SBI Shinsei Bank is bringing together savings and cryptocurrency by giving out XRP rewards to qualified customers participating in a deposit promotion scheme. 

This is made possible by depositing at least ¥300,000 for six months in a yen time deposit account. As the amount deposited rises, the rewards will also increase.

This program helps in enhancing the relationship between Japan’s banking system and cryptocurrencies, especially since SBI already has long-term relations with Ripple and its XRP network. 

Although the statements regarding Shinsei having converted billions in savings to XRP are a little far-fetched, this program might help in increasing the acceptance of cryptocurrencies through banking systems in Japan.

What Comes Next for XRP?

The next step for the XRP price will be determined by the level of buyers’ resistance to the long-term trendline and ability to overcome resistance. 

The successful breakout may add impetus to bulls and reactivate higher targets, whereas the breakdown can lead to increased sell-offs. Also, the ongoing rewards program from SBI Shinsei Bank is positive for retail adoption in Japan.

Also Read: XRP Price Could Slide Toward $0.85 If Key Support Breaks

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.