Key Notes
- Ripple seeks an entry into the custody sector, filing a trademark application for “Ripple Custody”.
- Ripple is also eyeing integration of downloadable software for custody and management of crypto.
- Speculations of the fintech firm debuting its very own XRP Wallet have also sparked in the space.
Ripple Labs
XRP
$2.26
24h volatility:
3.1%
Market cap:
$131.43 B
Vol. 24h:
$3.50 B
has filed a trademark application for “Ripple Custody,” which could translate to the company entering the custody industry.
The Ripple trademark outlines custodial services for storing and managing digital currencies, a decision that could position the American fintech firm alongside major players such as Coinbase, BNY Mellon, and others.
The possible move comes amid the crypto custody market gaining significant traction, particularly after the approval of Bitcoin ETFs in 2024.
Investors and institutions now seek secure storage solutions to mitigate risks associated with private key loss and security breaches in the blockchain space.
Notably, Ripple’s custody service, established in October 2024, appears to be part of a broader strategy to diversify beyond payment solutions.
A Possible XRP Wallet?
According to the trademark filing, Ripple plans to integrate downloadable software that facilitates the custody of digital currencies, transmission, and storage.
This has led to speculation that Ripple is developing its own cryptocurrency wallet, potentially supporting XRP and other digital assets while generating transaction fees.
If Ripple enters the custody segment, it could unify its ecosystem, offering users a seamless experience compared to existing solutions like Ledger, Exodus, and others.
SEC Case Speculation and Potential Resolution
The ongoing legal battle between Ripple and the US Securities and Exchange Commission (SEC) remains a focal point for investors.
Speculation regarding a potential SEC withdrawal from the case intensified on March 17 as Ripple’s appeal-related reply brief deadline nears.
Market participant Andrew “AP_Abacus” Parish claims that the long-drawn legal mess is close to being solved and XRP altcoin could be termed as a commodity in the near future.
UPDATE: *two* SEC sources believe @Ripple case is very close to ending. Some expected outcomes:
• “expect $XRP to get serious commodity consideration.”
• “greatly reduced fine; GREATLY reduced”
• “new leadership knows this case and how they handle it is a big deal;…— Andrew (@AP_Abacus) March 17, 2025
The SEC’s new leadership seems to be aware of the case’s significance and its potential precedent-setting implications.
Attorney John E. Deaton, a well-known XRP advocate, shared Parish’s post, adding the “eye emoji.”
According to former FOX Business journalist Eleanor Terrett, the American fintech company is involved in an intense negotiation with the US securities regulator, trying to gain a favorable deal regarding the August 2024 district court ruling.
🚨SCOOP: Two well-placed sources tell me that the @SECGov vs. @Ripple case is in the process of wrapping up and could be over soon.
My understanding is that the delay in reaching an agreement is due to Ripple's legal team negotiating more favorable terms regarding the August…
— Eleanor Terrett (@EleanorTerrett) March 12, 2025
This ruling had imposed a $125 million fine on Ripple and included a permanent injunction preventing institutional sales of XRP.
XRP Price Analysis
At present, XRP trades at $2.26, down 2.50% in the last 24 hours, CoinMarketCap data shows. The 20-day Exponential Moving Average (EMA) is at $2.34, which currently acts as a major resistance level.
The Relative Strength Index (RSI) is at 46.44, indicating neutral to slightly bearish momentum.
The upper Bollinger Bands (BB) at $2.71 is also another potential resistance, while the lower Band at $1.94 serves as strong support.
Given XRP’s price action and its position below the 20-day EMA, traders should watch for a potential retest of lower levels if bearish sentiment persists.
However, if XRP manages to break above $2.34 with strong volume, it could signal renewed bullish momentum, potentially targeting the $2.71 resistance level.
Conversely, failure to hold above $2.26 could lead to further downside pressure toward the $1.94 support zone.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books.
