South Korean crypto custodian BDACS has launched XRP custody for institutional clients after its February 2025 partnership with Ripple. The announcement came through BDACS’s official X account on August 5. The service allows institutions to store and manage XRP using Ripple Custody, Ripple’s enterprise-grade custody platform.
BDACS stated that the integration supports XRP custody across South Korea’s top trading platforms—Upbit, Coinone, and Korbit—while ensuring regulatory compliance. XRP remains one of the most traded cryptocurrencies in the country, supported by its large trading volumes on these exchanges.
In its statement, BDACS said:
“We’re thrilled to offer custody support for XRP, one of the most popular digital assets in Korea, to our institutional clients. This launch strengthens our long-standing partnership with Ripple and underscores our commitment to the Korean market.”
Ripple and BDACS Partnership Supports XRP Custody
The Ripple and BDACS partnership first announced in February 2025, introduced plans for XRP custody and Ripple’s US dollar–backed stablecoin RLUSD. Ripple confirmed that the partnership aligns with the Financial Services Commission (FSC) regulatory roadmap for institutional digital asset adoption in South Korea.
The agreement also aims to strengthen the XRP Ledger (XRPL) and expand use cases for RLUSD, particularly in Busan’s blockchain regulation-free zone. Ripple cited research projecting crypto custody to reach $16 trillion by 2030 and tokenized assets to make up 10% of global GDP.
The rollout of XRP custody aligns with the increasing rate of crypto ownership in South Korea. A recent Hana Institute of Finance report found that 25% of South Koreans aged 20–50 hold digital assets. Crypto accounts for 14% of their financial portfolios, with ownership highest among people in their 40s (31%), followed by those in their 30s and 50s.
The report highlighted that 70% of respondents intend to raise their crypto exposure. Additionally, 42% said they would be more likely to invest if traditional banks were more involved in digital assets.
Traditional finance players are also entering the crypto space. Kakao Bank, Kookmin Bank, and the Industrial Bank of Korea recently filed trademarks for Korean won stablecoins, reflecting deeper ties between banking and crypto markets.
BDACS Integrates XRP Custody With Major Exchanges
The BDACS XRP custody launch connects institutional clients to regulated storage solutions and direct access to leading trading platforms. Its integration with Upbit, Coinone, and Korbit allows clients to securely deploy XRP in a regulated environment.
Ripple Custody, used by BDACS, meets enterprise standards for digital asset security and regulatory compliance. This integration provides institutional investors with tools to manage XRP custody within South Korea’s legal framework.
The partnership between BDACS and Ripple strengthens XRP custody in South Korea’s financial market by linking regulated custody, exchange access, and blockchain initiatives supported within the country.
XRP Forms Bullish Flag Pattern on August 6 Chart
The XRP/USD chart, created on August 6, 2025, shows a clear bullish flag pattern on the 4-hour timeframe. A bullish flag pattern is a technical formation where a sharp upward price move, known as the flagpole, is followed by a downward-sloping consolidation channel, resembling a flag, which typically signals continuation of the prior uptrend.
In this case, XRP recently climbed strongly, forming the flagpole, before consolidating within a parallel downward channel. The price is currently trading near $2.94, just below the 50-period exponential moving average (EMA) at $3.01, with trading volume at 620.99K. If this bullish flag pattern confirms, XRP could potentially rise by around 67% from its current price toward $4.92, matching the height of the flagpole projected from the breakout point.
The price remains near the upper boundary of the flag channel, indicating a possible breakout attempt. The alignment of the 50-period EMA with the flag resistance line adds significance to this level. Sustained trading above this EMA would support further bullish movement. Volume trends also show increased activity during price surges, which aligns with continuation signals in bullish flag setups.
If the breakout occurs, the projected move toward $4.92 aligns with the measured flagpole height and would represent a significant upward extension. However, XRP must first decisively break above the flag resistance to confirm this pattern and activate the target projection.
XRP RSI Analysis on August 6
The XRP Relative Strength Index (RSI) chart, created on August 6, 2025, shows the 14-period RSI at 45.90, with its signal line at 51.47. The RSI measures momentum by comparing recent gains and losses on a scale of 0 to 100, helping identify overbought or oversold conditions.
The RSI has been fluctuating within the neutral range of 30 to 70, indicating balanced buying and selling activity. Recent movement below the signal line reflects reduced buying momentum, but it has stayed well above the oversold zone near 30, suggesting that selling pressure remains limited.
The RSI’s position near the midpoint shows that XRP is consolidating after recent price swings. The crossing of the RSI below its signal line signals weaker short-term momentum, but holding above 45 keeps the indicator neutral rather than bearish. Sustained movement above 50 would suggest improving momentum, while a drop toward 30 would point to stronger selling activity.
This neutral RSI setup aligns with XRP’s consolidation phase and complements the broader price structure seen in recent sessions.
XRP MACD Analysis on August 6
The XRP Moving Average Convergence Divergence (MACD) chart, created on August 6, 2025, shows the MACD line at -0.01042, the signal line at -0.00694, and the histogram at -0.00348. The MACD uses two moving averages, a 12-period and a 26-period, to identify changes in momentum, while the histogram highlights the difference between the two lines.
Currently, the MACD line remains slightly below the signal line, indicating mild bearish momentum. However, the narrowing gap between the two lines suggests a potential shift toward neutrality if buying pressure strengthens. The histogram has reduced in size, showing that negative momentum is losing strength compared to previous sessions.
In late July, the MACD displayed stronger bearish pressure as the histogram extended downward sharply, but recent stabilization reflects a slowdown in selling activity. If the MACD line crosses above the signal line, it would mark a return to bullish momentum. Until then, the indicator reflects a consolidation phase consistent with XRP’s price behavior near $2.94.
This MACD reading aligns with the neutral RSI and the ongoing price consolidation, indicating that XRP is in a phase where momentum is flattening before its next move.
