Ripple Custody Service Set to Rival Coinbase and BNY Mellon: XRP Price Set to Skyrocket?

Through the trademarking of “Ripple Custody,” Ripple Labs has made significant progress in the offering of digital currency custody services. Ripple is signaling here that it is preparing to provide safe digital asset storage offerings against familiar custodians like Coinbase, Citi, and BNY Mellon. Once Bitcoin ETFs were cleared in 2024, institutional-quality custody was in great demand since consumers were looking for safe storage solutions to protect against hacking and private key loss. The trademark also suggests that Ripple is creating its own cryptocurrency wallet, which might let XRP be stored, transferred, and used within the system, thereby altering its place in the cryptocurrency sector.

Ripple Custody: Expanding Beyond Payments into Digital Asset Security

Ripple’s push into crypto custody services is a major change from its usual emphasis on cross-border transactions. Ripple intends to serve both institutional and retail clients, according to the trademark application discussing a custodial service for digital asset management. Since Bitcoin ETFs are driving institutional interest, dependable custody solutions have become critical for the mainstreaming of cryptocurrency. Ripple might improve the XRP network and draw big financial institutions seeking a reliable custody service by providing safekeeping, compliance-orientated asset management, and sophisticated wallet capabilities.

Furthermore, the filing notes downloadable software for custody, transmission, and storage of cryptocurrency, implying Ripple is creating its own crypto wallet. If started, this would offer a direct XRP storage solution, which would free dependence on third-party wallets including Ledger, Trezor, and Trust Wallet. This action could enable Ripple to provide custody-related services from which it could increase income while also improving XRP holders’ security and access. Although no official verification has been given, a Ripple wallet and custody service could assist in presenting the business as a major player in institutional finance and digital asset management.

XRP Price Prediction

March 18, 2025, price action on XRP underlines important support and resistance levels that could influence the next development of the cryptocurrency. Though XRP recently tested the $2.38 resistance level, it lost speed and caused a steep drop. Near the support range of $2.26–$2.28, on the other hand, an intense buying drive arose, sparking a rally. The failure breakout below support indicates that sellers lacked the power to send prices lower, so bulls may regain control. XRP might try another rally toward resistance if this momentum continues, but failure to stay above $2.28 would produce renewed bearish pressure and more downward movement.

Chart 1: Analysed by vallijat007, published on TradingView, March 18, 2025

The RSI is 57.21 now, indicating neutral momentum without any instant overbought or oversold situations. On the other hand, the MACD shows increasing histogram bars and a bullish crossover, which suggests a potential change in the direction of movement. XRP would be able to confront the $2.35–$2.38 resistance level if buying pressure rises. The buyer’s failure to follow up, though, could result in retesting of lower support levels, approximately $2.24. Before making major trading decisions, traders should closely follow price action to verify the next trend.

Ripple custody and market prospects for XRP

The move of Ripple Labs toward cryptocurrency custody services points to significant growth in XRP price prediction. Alongside Coinbase, Citi, and BNY Mellon, the company hopes to become a major player in institutional asset security by means of its latest trademark application for “Ripple Custody.” Ripple-made custody solution could offer XRP holders an easy way to administer their assets, hence decreasing dependence on third-party wallets. The XRP price prediction shows continual fluctuation in the price of XRP; a failed breakout below support led to a strong rebound, suggesting a strong buying force. For confirmation of its next trend direction, XRP’s movement should be carefully watched by traders.