Overview
- SoFi Bank, which switched on XRP deposits Tuesday, now lets customers hold and move the token inside its federally regulated mobile app.
- The rollout reaches SoFi’s reported 13.7 million users, with deposit support for 12 cryptocurrencies and trading access to 27 coins including XRP.
- SoFi operates under a national bank charter from the OCC, requires users to fund a Checking and Savings account before trading, converts cash to stablecoins to settle orders, and charges a 1% trade fee.
- Industry speakers at the Digital Assets Forum reported an 875% jump in real‑world asset activity on the XRP Ledger to about $2.5 billion, with interest noted from BlackRock, Franklin Templeton, and Mastercard.
- XRP is consolidating above $1.40 with support near $1.30–$1.35 and resistance around $1.50–$1.55, as analysts watch for a break above key moving averages.