XRP Tops $1.52 as Ripple, Absa Launch Bank-Grade Crypto Custody

Ripple XRP topped $1.52 on Tuesday after gaining about 5.5%, outperforming a strong broader market, primarily driven by a bullish technical call from a veteran trader and positive institutional developments.

XRP recorded a volume spike following a bullish monthly chart from veteran trader Peter Brandt, who projected a long-term target of $5.40, along with news that Absa Bank is launching a digital asset custody service using Ripple’s technology.

The rally was ignited on September 21 after veteran commodity trader Peter Brandt shared a long-term chart implying an advance to $5.40.

This was coupled with the launch of Absa Digital Asset Custody in South Africa, powered by…