Ripple’s Price Faces Make-or-Break Moment with New Institutional Custody in South Korea
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BDACS Brings XRP Custody to Korea as Price Faces Critical Test
The price of Ripple (XRP) is hovering near a critical level of $2.96, a crucial Fibonacci support zone that could decide its next move. Meanwhile, regulated custodian BDACS has launched institutional-grade custody for XRP in South Korea, bringing fresh institutional demand into the market.
While the cryptocurrency is struggling to regain momentum, analysts are closely monitoring the situation as it reaches a make-or-break point. The XRP price has been trading at $2.93, down 3.62% in the last 24 hours and 6.73% for the week.
Crypto analyst CasiTrades highlighted the importance of this level, pointing out that it aligns with both short-term and broader market structure . In the event that XRP price holds above this zone, its recovery path could continue uninterrupted.
On the other hand, a breakdown could flip momentum, prompting traders to reassess their positions. The pressure is now on as institutional demand meets a decisive price level.
Source: blockonomi.com
