Ripple Ecosystem Expands as XRP Fails to Extend Rally

Ripple's ecosystem has been expanding rapidly, with new partnerships and developments in asset management, custody, and tokenization. The company, along with SettleMint, has launched a partnership that seeks to integrate Ripple Custody with SettleMint's Digital Asset Lifecycle Platform.

The offering allows regulated financial institutions to custody, issue, and manage tokenized assets through a single system, which is already live in Asia and plans for expansion. The partnership also provides exposure to tokenization, a market estimated to reach $88 trillion in the next 10 years by BCG.

Meanwhile, Bitwise's spot XRP ETF has surpassed $500 million in assets under management, with US spot XRP ETFs attracting a record $1.66 billion in cumulative net inflows by the end of last week. Evernorth, an XRP-focused treasury company, cleared another regulatory hurdle after the US Securities and Exchange Commission declared its registration statement effective.

XRP has been trading at around $1.35, with a market capitalization nearing $85 billion. Analysts remain divided on its future price action, with some foreseeing $1.70 as the next major target if the current breakout holds, while others highlight the resistance levels and warn of a drop to below $1.3 if it fails to break above.