SoFi now supports XRP deposits. Analysts eye $1.53 resistance and warn of a drop to $0.87 if the level fails. Here’s what to watch. SoFi has added XRP to its listSoFi now supports XRP deposits. Analysts eye $1.53 resistance and warn of a drop to $0.87 if the level fails. Here’s what to watch. SoFi has added XRP to its list

XRP Lands on SoFi as Bank Expands Crypto Access: What’s Next for Price?

2026/04/22 15:45
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SoFi now supports XRP deposits. Analysts eye $1.53 resistance and warn of a drop to $0.87 if the level fails. Here’s what to watch.

SoFi has added XRP to its list of supported cryptocurrencies. The national chartered bank and fintech platform now allows users to deposit, buy, sell, and hold XRP alongside Bitcoin, Ethereum, and Solana. 

This move positions SoFi as one of the few regulated U.S. banking institutions offering direct crypto access within a single app. 

The announcement arrived through the company’s official social media channels. 

At the time of reporting, XRP traded at $1.46, reflecting a 1.52% gain over the previous 24 hours, per CoinGecko data.

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SoFi Integrates XRP Into Its Banking App

The integration marks a notable shift in how mainstream banking platforms engage with digital assets. 

SoFi, which holds a national bank charter, now lets customers manage crypto portfolios from the same app they use for everyday banking. That level of convenience has been largely absent in traditional financial institutions.

XRP joins an existing lineup of major coins on the platform. SoFi’s announcement highlighted BTC, ETH, and SOL as already supported assets. 

The decision to add XRP suggests growing confidence in the token’s regulatory standing, particularly following recent legal developments that clarified its status in U.S. markets.

For everyday users, the ability to buy and hold XRP within a chartered bank adds a layer of credibility and security. It lowers the barrier for retail investors who might otherwise navigate separate crypto exchanges. 

Broader access through regulated channels could expand XRP’s user base significantly.

XRP Price Action: Key Levels Analysts Are Watching

Despite positive news flow, the token has not broken above $1.50. 

Market analyst Hov noted that while several major cryptocurrencies have recently set new local highs, XRP has yet to follow suit. Hov flagged a triangle pattern forming on the chart, though he pointed out that obvious triangle setups often resolve in unexpected ways.

According to Hov’s analysis, the first key step is for XRP to break above the ACE trendline. 

A successful break, in his view, would open the door to a move toward $1.90, which he identifies as a Wave 3 target off the current low. Traders are watching this zone closely as a signal of broader momentum.

Meanwhile, CoinGecko data shows a 7-day gain of 7.25% for XRP, with a 24-hour trading volume crossing $2.6 billion. 

The token continues to attract significant market activity. However, volume alone has not been enough to push price decisively higher. The $1.50 level remains unbroken.

Resistance at $1.53 and the Risk of a Sharp Reversal

Analyst CasiTrades identified $1.53 as a major resistance level in her latest technical update. She pointed to multiple subwave degrees converging at this price point. 

Her count suggests XRP is finishing out Wave E of a consolidation structure, with a few more waves expected to test the $1.50 to $1.53 range.

XRP price approaches key resistanceXRP price approaches key resistance, source: CasiTrades/X

CasiTrades noted that the analysis remains valid as long as price holds above $1.39 support. She also tied XRP’s near-term path to Bitcoin’s behavior

If BTC pushes toward $79,000 resistance as XRP approaches $1.53, the two could peak simultaneously. That alignment could trigger a wave failure just below the key level.

A rejection at $1.53 carries significant downside risk, according to CasiTrades. 

She warned that a failed test of resistance could send XRP back toward the $1.09 to $0.87 range. That scenario would erase recent gains and test the patience of holders who bought in during the recent rally. The $1.53 level is, as she described it, a major test ahead.

The post XRP Lands on SoFi as Bank Expands Crypto Access: What’s Next for Price? appeared first on Live Bitcoin News.

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