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XRP bulls target $8 as SBI Ripple Asia launches prepaid tokens in Japan's $200B market.

Market News
20 Apr 2026
Benzinga
View Source
Bullish
pluang ai news

XRP supporters are aiming for an $8 price target following SBI Ripple Asia's regulatory approval to issue prepaid payment tokens on the XRP Ledger in Japan. This move taps into Japan's $200 billion prepaid market, with tokens backed by the yen and usable for travel-related expenses. Goldman Sachs holds a significant $154 million position in XRP ETFs, highlighting institutional interest. Despite strong ETF inflows and market activity, XRP's price hasn't surged yet, with some analysts citing the awaited U.S. Senate CLARITY Act as a potential catalyst, though opinions vary on its impact.

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