XRP News: Ripple Labs Files Trademark for ‘Ripple Custody,’ Signaling Expansion into Institutional Custody Sector

Ripple Labs, a key player in the cross-border payments industry using XRP, has made a strategic move by filing a trademark for ‘Ripple Custody.’ This development indicates the company’s intention to diversify its offerings and tap into the growing institutional custody market.

Ripple Takes Strategic Step into Crypto Custody with ‘Ripple Custody’ Trademark Filing

Ripple Labs, a prominent player in cross-border payments leveraging XRP, has filed a trademark for ‘Ripple Custody.’ This move signals the company’s ambition to expand beyond transactions and tap into the institutional custody sector, a market experiencing growth due to increasing investor demand and the rise of crypto ETFs. The filing document outlines four use cases, one specifically focused on crypto and other asset custody services, aiming to provide secure crypto storage primarily targeting financial institutions.

XRP’s Market Structure and Institutional Interest Set the Stage for Growth Towards $4

XRP is currently holding above the 20-week EMA, a crucial support level that has historically preceded significant rallies. Reports indicate that institutional investors, such as BlackRock and JPMorgan, are accumulating XRP, signaling their confidence in its long-term potential. Additionally, the Crystal Ball indicator suggests an upcoming liquidity surge, which has historically aligned with strong cryptocurrency bull runs. If XRP manages to break above its January 2025 high, it could reach a minimum target of $4, with the potential for further gains. Analysts also point to a missing fifth wave in XRP’s wave structure, which could drive its next major breakout.

XRP Price at Risk as SEC Case Stalls—Will Investors Flee?

The Ripple v. SEC lawsuit continues to create uncertainty in the crypto market, raising concerns about XRP’s price stability. Legal expert Bill Morgan warns that the prolonged legal dispute could negatively impact the token’s value. Speculations regarding a potential settlement are growing, but analysts remain divided on its effects on XRP’s price trajectory.

XRP Defends Major Bull Level Against Bitcoin (BTC)

XRP remains one of the most eye-catching options in the alternative cryptocurrency market. Its behavior against Bitcoin (BTC) is particularly noteworthy. After skyrocketing 381% at the end of last year and hitting a new multi-year high of 0.000033 BTC, XRP has slowed down. Technical analysis indicators suggest this could be a correction or accumulation.