XRP is testing a long-term trendline that could underpin a bullish recovery if buyers maintain control, according to crypto analyst STEPH IS CRYPTO. A breakout above key resistance may strengthen momentum, while a new XRP rewards campaign from Japan's SBI Shinsei Bank could broaden 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, according to CoinMarketCap. Despite signs of stability over the last 24 hours, the article notes that XRP's price structure and institutional adoption point to a bullish reversal ahead.

Trendline Breakout Could Open the Path to $6–$10

According to STEPH IS CRYPTO, XRP is retesting a long-term trendline that has historically provided support during major market cycles since 2020 (analyst's X post). The 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.

The analyst argues that any breakout above the key resistance level would boost the bullish view on the coin and could take the XRP price toward the $6–$10 area in the long run. However, those levels would require considerable buying power and market momentum to be reached. At the moment, the priority for XRP is to hold onto the trendline. Trendlines of this kind are closely watched in technical analysis because they mark zones where buying interest has repeatedly emerged across past cycles, though such readings are interpretive and reflect one analyst's framework rather than a market consensus.

SBI Shinsei Bank Launches XRP Rewards for Savers

STEPH IS CRYPTO also pointed out that 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. The program is accessible by depositing at least ¥300,000 for six months in a yen time deposit account, and rewards increase as the deposited amount rises.

MASSIVE: 🇯🇵Japan just turned bank savings into $XRP . $115,000,000,000 Shinsei Bank is now literally rewarding savers with $XRP . pic.twitter.com/16cLjsfbUe

— STEPH IS CRYPTO (@Steph_iscrypto) August 16, 2026

The program could strengthen the relationship between Japan's banking system and cryptocurrencies, especially since SBI already has long-term relations with Ripple and its XRP network. SBI Shinsei Bank is part of SBI Holdings, one of Japan's largest online financial groups, which formed the SBI Ripple Asia joint venture with Ripple in 2016 and operates the registered crypto exchange SBI VC Trade as well as remittance services that have used XRP for cross-border transfers. Japan has also operated one of the earlier comprehensive crypto regulatory frameworks since amending its Payment Services Act, with exchanges registered with the Financial Services Agency, so a licensed bank tying deposit rewards to a digital asset takes place within an established set of rules for such offerings. While statements suggesting that Shinsei has converted billions in savings into XRP appear somewhat far-fetched, the initiative may still help increase 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 buyers' ability to defend the long-term trendline and overcome overhead resistance. A successful breakout may add impetus to bulls and reactivate higher price targets, whereas a breakdown could lead to increased sell-offs. Separately, the ongoing rewards program from SBI Shinsei Bank is viewed as a positive for retail adoption in Japan.

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