Newton Gitonga
Blockchain-based payment firm has signaled a possible crypto wallet launch with the latest βRIPPLE CUSTODYβ trademark filing.
The application hints at an upcoming downloadable software product for secure cryptocurrency storage.
Ripple just filed for a new trademark for a downloadable software that will let people store their cryptocurrencies..
IS RIPPLE GOING TO CREATE A WALLET APP? π
Rippleβs new trademark application
The filing on Justia Trademarks reveals a new filing for RIPPLE CUSTODY.
Though in its early stage with few details, the name shows that Ripple might launch a custodial solution, potentially a cryptocurrency wallet.
Ripple has cemented its presence in the digital financial world.
The company utilizes its XRP native token to facilitate international payments.
Meanwhile, a potential crypto wallet might strengthen the Ripple ecosystem through in-house solutions for digital currencies.
The crypto community speculates that the trademark suggests an upcoming Ripple-powered cryptocurrency wallet.
Moreover, the move underscores Rippleβs dedication to expanding its services beyond payment-focused offerings.
A dedicated Ripple wallet will likely ensure top-notch security and smooth XRP integrations.
Also, it will attract banks and top financial companies handling cryptocurrencies.
The trademark application matches the growing trends of blockchain entities venturing into custody solutions.
For instance, Binance and Coinbase have custody services for institutional players.
With the evolving regulations under Trumpβs admin, Ripple could dominate the custody solutions sector.
Compliant services to institutions will boost Ripple and XRP in the digital industry, translating to robust growth and impressive long-term price performances.
XRP price outlook
The alt trades at $2.34 after a 2% decline in the past day. XRP has demonstrated resilience in the past few sessions.
While Ethereum and Cardano lost 8% and 4% on their weekly charts, Rippleβs token gained nearly 8% in the past seven days.
XRP’s nearest resistance is at $2.35. Overcoming this hurdle could catalyze steady upswings to $2.77 β a nearly 20% increase.
ETF speculations, US crypto strategy reserve, and the possibilities of the SEC-Ripple battle ending soon kept XRP afloat.
Maximilian Satudingerβs new proposal to the United States SEC highlights XRPβs role in improving the US monetary system.
The pitch suggests XRP might unlock liquidity worth $1.5 trillion, which the government can use to purchase Bitcoin.
Staudinger urges the US to free money locked in Nostro accounts using XRP.
These accounts facilitate international transactions and hold approximately $27 trillion, with about $5 trillion belonging to United States banks.
Staudinger believes regulators can free $1.5 trillion and use it to buy BTC.
Meanwhile, XRP exhibits bullishness and looks ready for solid near-term recoveries.
Popular crypto analyst Ali Martinez highlighted XRPβs imminent rebound as the TD Sequential indicator displayed a buy signal.
$XRP is ready to rebound! The TD Sequential indicator flashes a buy signal on the hourly chart.
With the Ripple and SEC battle nearing conclusion, enthusiasts will watch the projectβs upcoming developments.
While the latest trademark details remain limited, the developments confirm Rippleβs plan to democratize the cryptocurrency storage marketplace.
The post Ripple (XRP) hints at crypto wallet launch with the latest trademark filing appeared first on Invezz
