XRP Hovers on the Edge — Key Levels Define Next Direction
XRP traded in a tight range, hitting a $3.02 intraday high before settling at $3 with a 24-hour jump of 2.2% being driven by surging demand and high-volume trading on Korean exchanges.
This price action places XRP squarely within the range articulated by market analyst Adex crypt.
The analyst noted, “XRP remains bearish below $3.02. A dip beneath $2.91 may lead to further declines toward $2.78, with extended targets at $2.60 and $2.45. However, a breakout above $3.09 could trigger bullish momentum, eyeing $3.40, $3.70, and $3.85.”
Navigating this scenario, traders are watching key thresholds. Holding above $2.91 may stave off downside pressure, but should the price slip below that mark, a slide toward $2.78 and potentially a further drop toward $2.60 and $2.45 could unfold.
Conversely, pushing firmly above $3.09 would unlock bullish potential, opening the door toward $3.40 and possibly stretching to $3.65 or even $3.85.
Technically speaking, XRP has remained rangebound for now. Recent reports highlight resistance near $3.10 to $3.20, and a descending channel that’s muted upside.
Meanwhile, on the fundamentals front, XRP’s flirtation with the $3 mark comes amid renewed regulatory developments.
For instance, the United States Securities and Exchange Commission (SEC) is scheduled to deliberate Ripple’s appeal withdrawal, while market participants show rising institutional interest, including ETF filings in Japan by SBI Holdings.
BDACS Rolls Out Institutional-Grade Support for XRP
South Korea just hit a major milestone in regulated crypto infrastructure as BDACS, a licensed cryptocurrency custodian, officially launches institutional-grade custody services for XRP.
Born from its strategic partnership with Ripple, the rollout bridges the gap between regulatory compliance and institutional access to digital assets.
Reliable Custody Meets Regulatory Compliance
Through integration with Ripple Custody, Ripple’s enterprise-grade custody platform, BDACS now offers secure, compliant storage, management, and deployment of XRP for Korean banks, funds, and asset managers. Crucially, this system is tightly aligned with South Korea’s Financial Services Commission regulatory roadmap, addressing key institutional concerns around compliance and risk.
Seamless Exchange Integration
The service extends beyond custody. BDACS has connected with top domestic exchanges, such as Upbit, Coinone, and Korbit, enabling institutional clients to move XRP across Korea’s most liquid trading platforms with ease and full regulatory transparency.
Why It Matters
XRP is already among the most actively traded digital assets in Korea. Previously, institutions were hindered by fragmented options and insufficient custodial frameworks.
With BDACS now offering regulated, onshore custody, institutional adoption barriers are being dismantled, paving the way for greater liquidity, stability, and long-term growth.
Moreover, this initiative aligns with broader projections that crypto custody could manage trillions in assets by 2030, while digital asset tokenization could represent up to 10% of global GDP, signaling a shift toward token-based financial infrastructure.
Broader Strategic Context
This development marks the first tangible outcome of the BDACS–Ripple collaboration, building upon Ripple’s regional strategy to deepen institutional adoption across Asia. In addition to XRP, BDACS also supports RLUSD, Ripple’s U.S. dollar-backed stablecoin.
The impact is already evident: South Korea is one of the world’s most crypto-engaged markets, with over 25% of individuals aged 20–50 holding digital assets with 4 in 10 expressing willingness to invest more if supported by regulated institutions.
Conclusion
BDACS’s institutional-grade support for XRP represents a significant leap forward for South Korea’s digital asset ecosystem.
By offering compliant custody and seamless exchange access, the collaboration with Ripple sets new standards for institutional crypto participation, positioning XRP to play an increasingly central role in Asia’s evolving financial infrastructure.
Meanwhile, XRP’s next move hinges on whether it can break and stay above the $3.09 barrier or if it falls back below $2.91.
