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Ripple's XRP is on the rise. It briefly surpassed $5.50 before correcting a bit on Tuesday. The crypto market in general is rising. Bitcoin is close to $150,000 and Ethereum is nearing $8,000. Interesting.
Ripple and BBVA have joined forces. They will offer custody of digital assets. BBVA will use Ripple Custody, a self-custody technology. It seems safe and scalable. It will include Bitcoin, Ethereum, and other tokens.
This comes with the EU MiCA framework. Customers are asking for more digital services.
BBVA launched trading and custody of Bitcoin and Ethereum in Spain. For retail clients. Everything integrated, with direct access. Sounds practical.
Ripple Custody is gaining ground. It is for institutions. It meets strict requirements in different locations.
Technically, XRP is above its 50-day EMA at $5.30. It briefly touched $5.50. The MACD has been giving a buy signal since Monday. Short-term bullish structure.
The RSI is at 58. Neutral demand, more or less. If it rises further, it could indicate more buying pressure.
XRPLedger uses distributed technology. XRP powers transactions. It has something against spam and DDOS attacks. A peer-to-peer network maintains it.
"HODL" is popular among crypto investors, including XRP. It encourages holding long-term. The market is volatile, that's for sure.