7-Eleven Joins South Korea’s CBDC Revolution – Will XRP Break the $2.2 Resistance?

7-Eleven stores in South Korea will soon accept payments in the country’s central bank digital currency (CBDC). This change will start in June. The Bank of Korea is testing digital currency use in daily transactions. This move is part of a broader push for crypto regulation. The government aims to make digital payments easier and more secure. Many businesses are expected to follow 7-Eleven’s lead. This could impact digital assets like the Ripple price. Investors are watching how this new move will shape the market. Some believe this step could influence XRP price prediction in the long run.

CBDC Payments in 7-Eleven: A Big Shift

The Bank of Korea is working with major companies to expand CBDC use. 7-Eleven will be the first convenience store chain to accept digital currency payments. Customers can complete transactions at checkout by scanning QR codes linked to their CBDC wallets.

South Korea’s acting president vetoed a landmark bill that would heighten corporate boards’ accountability to shareholders, siding with conglomerates in their dispute with reform advocates https://t.co/i9WTlslP6n

— Bloomberg (@business) April 1, 2025

Currently, around 100,000 South Koreans are using CBDC payments through seven commercial banks. That include Kookmin, Shinhan, Woori, KEB Hana, Industrial Bank (IBK), Nonghyup, and Busan Bank.

🇰🇷 Bank of Korea to launch CBDC trial for 100,000 consumers, enabling retail transactions.#CBDC #SouthKoreahttps://t.co/e8EeB8WyOt

— Cryptonews.com (@cryptonews) March 11, 2025

7-Eleven plans to introduce special promotions for participants in the pilot program to encourage usage. This move aligns with South Korea’s push for regulation and could influence the Ripple price. Many believe the XRP price prediction could shift as CBDC payments gain traction. South Korea’s initiative may inspire other nations to follow suit.

Ripple Price Prediction for April 2nd

Following this move, the trading day on April 1st started with an upward trend, marked by a golden cross at 1:40 UTC, which pushed the price higher. A second golden cross on the MACD line at 8:00 UTC reinforced the trend. However, by 9:00 UTC, the price became overbought, spiking to $2.2000, where it faced resistance. A death cross at 9:45 UTC initiated a downward channel that continued throughout the day. At 14:45 UTC, a golden cross hinted at a reversal, but a death cross at 16:00 UTC resumed the bearish trend. 

Chart 1, analyzed by ShwetaCW, published on TradingView, April 2, 2025

As illustrated in Chart 1, another golden cross at 20:45 UTC suggested upward momentum, but a death cross at 22:45 UTC extended the downward movement into April 2nd. The RSI indicator showed oversold conditions at 1:05 UTC and 2:50 UTC, with support at $2.0851. A death cross at 4:30 UTC on the MACD line indicated further bearish pressure. According to the XRP price prediction, if the downtrend persists, the price might break below the $2.0851 support. However, if momentum shifts, the Ripple price could test the $2.2000 resistance level once again.

Growing Cryptocurrency Regulation and Ripple’s Relevance

South Korea’s 7-Eleven accepting CBDC payments marks a major step in digital finance. This move supports the country’s crypto regulation efforts aiming for safer and widespread digital transactions. Ripple’s technology focuses on fast, low-cost cross-border payments making it relevant as crypto adoption. If more businesses follow 7-Eleven, demand for efficient blockchain solutions like Ripple price may rise. According to XRP price prediction, increased CBDC use could impact market sentiment. If adoption grows, XRP might see bullish momentum. However, regulatory changes will play a key role in future price movements.