XRP News Today: XRP Nears $3.09 as BDACS Launches Institutional Custody in South Korea

XRP is currently hovering near a pivotal price level of $3.09, a critical resistance that analysts suggest could trigger a new bullish trend if breached. The asset’s proximity to this level has drawn the attention of both retail and institutional traders, particularly as South Korean infrastructure provider BDACS rolls out regulated XRP custody services. This development is seen as a catalyst for institutional adoption, offering enhanced compliance and secure custody solutions for banks and asset managers operating within Korea [1].

XRP’s price movement has been constrained within a defined range, with recent intraday highs reaching $3.02 and a 2.2% increase in the last 24 hours. Market analyst Adex crypt has outlined key price thresholds, noting that a sustained close above $3.09 could ignite bullish momentum, potentially leading to targets at $3.40, $3.70, and eventually $3.85. Conversely, if the price retracts below $2.91, further declines toward $2.78 and beyond could follow [2]. Traders are closely monitoring these levels to gauge the next directional move of the asset.

The BDACS custody solution represents a strategic partnership between the firm and Ripple, integrating Ripple’s enterprise-grade custody platform with South Korea’s domestic exchanges, including Upbit, Coinone, and Korbit. This collaboration enables seamless and transparent movement of XRP across regulated platforms, reducing friction for institutional investors who previously faced fragmented options and insufficient custody infrastructure. The service aligns with the country’s Financial Services Commission regulatory framework, addressing key concerns around risk and compliance [1].

South Korea has emerged as one of the most crypto-engaged markets globally, with a growing segment of the population expressing interest in digital assets. The launch of institutional-grade XRP custody services is expected to accelerate adoption among banks and funds, as it provides a secure on-ramp for integrating XRP into diversified portfolios. This is particularly significant as global crypto custody is projected to manage trillions in assets by 2030, signaling a broader shift toward token-based financial infrastructure [4].

The timing of this development is also notable, with XRP already demonstrating strong liquidity and volume on Korean exchanges. Institutions are increasingly viewing XRP not as a speculative play, but as a viable asset for long-term investment, especially given its utility in cross-border payments and settlement systems. The BDACS–Ripple collaboration is the first tangible outcome of Ripple’s regional strategy to expand institutional access in Asia and marks a significant step in legitimizing XRP as a mainstream financial asset [3].

Analysts will be watching closely for confirmation that XRP can break and hold above $3.09. If successful, this could mark a turning point for the asset, opening the door to broader institutional participation and sustained price appreciation. Conversely, failure to maintain above this level may reignite bearish sentiment and test lower support levels in the coming weeks [2].

Source:

[1] XRP Targets $3.09 Breakout as BDACS Drives Adoption

https://coinpaper.com/10401/xrp-eyes-breakout-above-3-09-as-south-korea-s-bdacs-supercharges-institutional-adoption

[2] XRP Hovers Near $3.09 as South Korea's BDACS Drives ...

https://www.ainvest.com/news/xrp-news-today-xrp-hovers-3-09-south-korea-bdacs-drives-institutional-adoption-2508/

[3] XRP Eyes Breakout Above $3.09 as South Korea's BDACS ...

https://cryptopanic.com/news/23996975/XRP-Eyes-Breakout-Above-309-as-South-Koreas-BDACS-Supercharges-Institutional-Adoption

[4] XRP (XRP) Price Forecasts, Predictions & News

https://www.fxempire.com/crypto/ripple/news