The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
SoFi has integrated XRP into its trading platform for its 13.7 million banking customers, now officially enabling users to deposit the asset into their accounts. Ripple highlights this move as a key bridge for traditional finance, occurring alongside a massive 875% surge in Real World Asset (RWA) activity on the XRP Ledger. However, despite the new deposit functionality, the platform continues to face backlash as it still restricts transfers to external wallets, preventing self-custody. From a technical perspective, analysts have identified key price levels at $1.42 and $1.57, with a further target at $2.80. While the ability to deposit marks an operational update, the lack of withdrawal functionality remains a significant hurdle for professional traders. Market participants are now monitoring whether SoFi will eventually allow full outbound transfers to match the growing utility of the asset.
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