XRP Gains Momentum as ABSA Bank Partners with Ripple for Custodial Services
In a significant development for cryptocurrency adoption in Africa, ABSA Bank, one of the continent's largest financial institutions, has partnered with Ripple to introduce custodial services on the Ripple blockchain. This collaboration underscores the growing institutional confidence in digital assets, as ABSA customers will now have access to secure crypto storage and advanced asset management tools. The move aligns with Ghana's recent regulatory push to embrace blockchain technology and Blockchain.com's expansion into Nigeria, highlighting Africa's accelerating crypto revolution. As of November 2025, this partnership signals bullish prospects for XRP's utility and price trajectory in the region.
Africa Crypto News Week in Review: ABSA and Ripple Join Hands, Ghana's Regulatory Push, and Blockchain.com's Nigerian Ambitions
ABSA Bank, one of Africa's largest financial institutions, has partnered with Ripple to offer custodial services on the Ripple blockchain. This collaboration marks another milestone in the integration of cryptocurrency solutions by traditional banks. ABSA customers gain access to crypto storage and asset management tools, signaling growing institutional confidence in digital assets.
Ghana's central bank plans to introduce comprehensive cryptocurrency regulations by December, aligning with broader continental trends toward formalized oversight. The MOVE positions Ghana alongside other African nations establishing legal frameworks for digital currencies.
Blockchain.com is pursuing a crypto exchange license from Nigeria's Securities and Exchange Commission, following its recent selection of Nigeria as a regional hub. This strategic positioning underscores West Africa's growing importance in the global crypto ecosystem.
XRP Forms Death Cross Amid Conflicting Market Signals
Ripple's XRP has plunged 35% from its yearly peak, now hovering at $2.37 as a death cross emerges on daily charts. The ominous technical pattern—where the 50-day WMA crosses below the 200-day WMA—often precedes extended downtrends.
Despite breaching the Murrey Math Lines support, XRP faces immediate resistance at $2.70. The breakdown invalidates an Elliott Wave impulse phase, potentially opening a path toward $2. Market technicians note the descending triangle formation compounds bearish pressure.
Paradoxically, Ripple's fundamentals appear robust. The blockchain firm continues securing institutional partnerships and regulatory victories, creating a stark divergence between price action and underlying value propositions. This tension between technical pessimism and structural Optimism defines XRP's current market paradox.
XRP Drops Amid Liquidations – Could This Week Change Everything?
XRP faced renewed pressure after the October 10 crypto flash crash, which triggered record liquidations across the market. The token plummeted nearly 40% intraday before stabilizing between $2.20 and $2.60. The sharp decline was driven by leverage unwinding, not protocol issues, as global tariff headlines spooked risk assets. Forced deleveraging drained liquidity from both centralized and decentralized exchanges, exacerbating the sell-off.
Despite the turbulence, XRP has found temporary support NEAR $2.20, with the 200-day EMA at $2.62 acting as a critical technical level. On-chain data reveals mixed signals—large holders moved significant amounts to exchanges during the crash, a classic profit-taking maneuver, but selling pressure eased after October 11.
Technically, XRP remains in a precarious position. Bulls must secure a daily close above $2.80–$3.00 to invalidate the short-term downtrend. A break below $2.20 could open the door to $1.80, with extreme macroeconomic shocks potentially dragging prices toward $0.75. The token currently trades below its 20/50/100-day EMAs, and the Supertrend indicator remains bearish, reflecting fragile momentum.
XRP Price Prediction: ETF Countdown Sparks $5 Target Hopes as SEC Decisions Loom
The U.S. Securities and Exchange Commission's impending deadlines for multiple XRP ETF filings have reignited market optimism. With 13 active filings—including submissions from heavyweight firms like Grayscale Investments and Franklin Templeton—the approval window between October 18 and October 25 could catalyze a structural shift in institutional crypto adoption.
A spot XRP ETF WOULD bridge traditional finance and digital assets, offering regulated exposure without direct custody. This contrasts sharply with futures-based products, anchoring valuations to real-time XRP prices. Market participants view the SEC's decision as a litmus test for broader crypto ETF approvals, particularly following the resolved Ripple Labs litigation.
Ripple’s $1B XRP Treasury Plan Could Reshape Market Outlook
Ripple Labs is reportedly preparing a $1 billion fundraising effort to establish a dedicated XRP treasury, aiming to strengthen its balance sheet and enhance liquidity. The plan involves a special purpose vehicle (SPV) that would pool external capital with Ripple’s own XRP reserves, positioning the treasury as a long-term strategic asset for corporate and institutional engagement.
The initiative mirrors a SPAC-style structure, leveraging Ripple’s prior acquisition of GTreasury, a corporate treasury management platform. By integrating GTreasury’s software with its XRP holdings, Ripple seeks to pioneer digital treasury management—a move that could attract major corporations exploring blockchain solutions.
U.S. Democratic Lawmakers to Host Crypto Roundtable with Industry Leaders
Senator Kirsten Gillibrand (D-NY) will convene a private roundtable on October 22, bringing together top crypto executives and pro-crypto Senate Democrats. The meeting aims to address stalled digital asset legislation and regulatory concerns following backlash over a leaked DeFi proposal.
Participants include Coinbase CEO Brian Armstrong, Chainlink's Sergey Nazarov, Ripple's Stuart Alderoty, and Uniswap's Hayden Adams, among others. The discussion could signal a pivotal moment for U.S. crypto policy, with implications for market stability and institutional adoption.
The gathering follows fractured bipartisan negotiations and highlights growing tensions between regulators and an industry seeking clarity. Outcomes may influence pending bills and enforcement approaches toward decentralized finance platforms.
