Rakuten Listing and SoftBank Backing Send XRP Price Prediction Soaring

Rakuten's recent listing of XRP as a payment method for its 44 million users in Japan has given the token's price prediction a significant boost. According to CoinDesk, XRP rallied 8% in a single week, outpacing both Bitcoin and Ethereum for the first time since March.

The surge in XRP's value has led some analysts to revise their price targets upwards, with Standard Chartered holding its target at $2.80 for year-end and $28 by 2030. This is backed by seven active XRP spot ETFs that now hold over $1.1 billion in combined assets.

In related news, SoftBank's Vision Fund has reportedly expressed interest in Pepeto's DeFi products, including its zero-fee exchange, cross-chain bridge, and AI contract scanner. This support from a major investor has increased the presale's traction, with analysts taking notice before the Binance listing.