In parallel, Ripple continues to strengthen ties with traditional financial institutions. Management announced a new agreement with the Spanish bank BBVA, which is rolling out the Ripple Custody platform, providing institution-grade custody for digital assets, including BTC and ETH. This service is integrated into BBVA’s recently launched crypto trading and custody products in Spain. Francisco Maroto, the bank’s Head of Digital Assets, noted that using Ripple Custody allows BBVA to offer clients “a reliable and secure storage service without intermediaries.” This marks the third Ripple–BBVA collaboration, following integrations in Switzerland (2023) and Turkey (2024).
Support and resistance
Prices are trading below the resistance line of a triangle pattern with dynamic boundaries at 3.0000–2.6800, consolidating and preparing for another attempt to reach the local high at 3.3200.
Technical indicators are weakening the local sell signal and will soon be ready to turn higher: the EMA range on the Alligator indicator is set to continue narrowing upward, while the AO histogram is trading near the zero line, forming new rising bars.
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Resistance: 3.1000, 3.3800
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Support: 2.8740, 2.5700
Trading scenarios
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If the corrective upswing continues and the price secures above 3.1000 (resistance), consider long positions with a target at 3.3800 and a stop-loss at 3.0300. Implementation horizon: 7+ days.
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If the market reverses lower and the price fixes below 2.8740 (support), consider short positions with a target at 2.5700 and a stop-loss at 3.0000.
Scenario
Timeframe: Weekly
Recommendation: BUY STOP
Entry Point: 3.1000
Take Profit: 3.3800
Stop Loss: 3.0300
Key Levels: 2.5700, 2.8740, 3.1000, 3.3800
Alternative scenario
Recommendation: SELL STOP
Entry Point: 2.8740
Take Profit: 2.5700
Stop Loss: 3.0000
Key Levels: 2.5700, 2.8740, 3.1000, 3.3800