# XRP Holds Around $1.36 Threshold as Ripple and Meritz Securities Target South Korean Institutions

> Ripple has formed an institutional custody and tokenization alliance with Meritz Securities in South Korea, while XRP navigates a restrictive technical cluster below $1.40.

**Type:** article · **Category:** Crypto · **Published:** 2026-10-14 · **Source:** TrendKia
**Canonical:** https://trendkia.com/en/crypto/dakshina-koriyai-punji-bajara-men-ripple-aura-meritz-securities-ki-sajhedari-ke-bicha-xrp-1-36-para-sthira-47399 · **Language:** English
**Tags:** XRP, Ripple, Crypto Market, Meritz Securities, Tokenization, Bitcoin, Digital Asset Custody, finance

XRP is hovering above $1.36 as bullish participants attempt to build sufficient upside traction to challenge a dense supply region near $1.40. The cryptocurrency traded within an exacting range on Wednesday, underpinned by psychological support zones between $1.30 and $1.35, while heavy overhead resistance continues to cap broad recovery ambitions. Key moving averages have formed a firm overhead barrier, and momentum indicators are struggling to generate sustained buying interest, indicating that any near-term rebound faces steep technical headwinds.

Amid these market dynamics, Ripple revealed a strategic partnership alongside Meritz Securities designed to create institutional infrastructure for digital asset custody and tokenization within South Korea's financial ecosystem. Under this collaboration, Ripple is set to deploy an enterprise-grade digital asset custody system engineered to handle asset transfers and institutional settlement processes.

## Institutional Infrastructure Across South Korean Markets
The alliance leverages the operational foundation and regulatory standing of Meritz Securities, with plans to expand the scope of operations sequentially as local supervisory guidelines mature.

Highlighting the incremental approach required under local rules, Byungha Kang, Managing Director of the Strategic Planning Unit at Meritz Securities, noted, "As Korea's regulatory framework evolves, we will prepare safe and trusted digital asset financial services in stages."

The integration of institutional custody and real-world asset tokenization represents a pivotal step in bridging traditional capital markets with blockchain technology. Given the rigorous regulatory standards overseen by South Korean authorities, establishing compliant custody channels serves as a core gateway for corporate adoption.

## XRP Technical Landscape and Resistance Confluence
From a chart perspective, XRP is changing hands beneath the daily high of roughly $1.38, finding near-term stability above the psychological benchmark of $1.36. The asset remains bracketed between contrasting exponential moving average layers. Support is anchored by the 100-day EMA at $1.34 alongside a SuperTrend base at $1.30, yet upside trajectory is constrained beneath the 200-day EMA at $1.38 and the 50-day EMA situated at $1.39.

This arrangement reflects a neutral to mildly bearish near-term bias, as price action remains suppressed beneath key intermediate and long-term averages while momentum oscillators display muted readings. The Moving Average Convergence Divergence continues in negative territory with subdued momentum, and the Relative Strength Index sits near 42, pointing to an exhaustion of upside momentum rather than sharp, aggressive distribution.

Immediate resistance is positioned at the 200-day EMA near $1.38, followed by the 50-day EMA around $1.39. A decisive daily close above these thresholds would begin weakening the current ceiling, exposing a descending trendline originating from $1.70 as the next structural hurdle. Conversely, the $1.37 zone serves as a pivotal intraday anchor. A slide lower would test the 100-day EMA at $1.34, with primary structural support waiting at the $1.30 SuperTrend marker. Breaking below these support levels could open the door to a deeper retracement. Live market figures reflect XRP at $1.36, down 0.10% from the prior close, within a 52-week trading band of $0.9884 to $1.68 and volume tracking at 0.76 times its 20-day mean. Technical readings show a 14-day RSI of 41 and a MACD reading of -0.02, confirming sustained downward friction.

## Token Supply Mechanics, Valuation, and Funding Rates
Understanding crypto asset valuations requires examining structural supply constraints and derivatives mechanics. The founding developers of any digital token define its maximum minting limit, controlling emission schedules through mining, staking, or algorithmic parameters hardcoded into the native blockchain architecture.

Conversely, circulating supply can contract over time through deliberate deflationary mechanisms such as token burning, or accidentally when market participants misdirect tokens to incompatible blockchain addresses, effectively destroying those units forever.

Market capitalization reflects this circulating supply multiplied by the asset's prevailing unit price. Meanwhile, trading volume captures the aggregate quantity of tokens transacted across centralized and decentralized venues over a rolling 24-hour cycle. Surging volume typically illustrates heightened liquidity and growing retail or institutional participation.

In derivative markets, funding rates act as an equilibrium mechanism between perpetual contract prices and underlying spot valuations. When perpetual contracts trade at a premium to the mark price, the funding rate turns positive, requiring long position holders to pay periodic fees to short sellers. Conversely, when perpetual contracts trade at a discount, negative funding rates trigger transfers from short holders to longs, balancing futures exposure back toward spot parity.

## Broader Market Performance: Privacy Tokens, Major Cryptos, and Macro Outflows
Broader cryptocurrency assets exhibited diverse behavior. Zcash advanced 4% on Wednesday, extending a previous 4% climb and erasing an 8% drop witnessed on Monday. Nevertheless, Grayscale's ZEC investment vehicle logged over $5 million in net outflows on Tuesday, leaving the privacy token with a mixed technical posture clouded by underlying selling pressure.

Major benchmarks including Bitcoin, Ethereum, and XRP mounted cautious recovery efforts following recent weakness. Bitcoin nudged higher toward the $85,000 resistance band, while Ethereum and XRP consolidated above defensive support zones.

Corporate balance sheet moves also remained in focus. K33 observed that Strategy's STRC funding program expanded its Bitcoin treasury during the first half of the year, though higher capital servicing costs have prompted closer scrutiny. Following substantial buybacks, STRC rebounded near its $100 face value, settling at $99.90.

Macroeconomic crosscurrents continue to sway sentiment. Analysis from Wintermute indicates traditional capital is rotating out of digital assets as elevated US Treasury yields attract conservative funding, contrasting with resilient equity indices supported by corporate earnings forecasts. This dynamic followed a week where Bitcoin retreated 3.2%, Ethereum shed 7.0%, and broader altcoins fell 2.9%.

## What this means for you
This strategic alliance and prevailing price consolidation carry direct operational and portfolio implications for digital asset market participants.

- **For Spot Investors:** Ripple's enterprise custody tie-up reinforces institutional utility for its underlying infrastructure over the medium term. However, with the token constrained beneath overlapping averages at $1.38 and $1.39, aggressive buying before a confirmed daily close above $1.40 carries heightened chop risk.
- **For Derivatives Traders:** Muted funding rates and an RSI lingering near 41 indicate fading upside momentum rather than strong trend expansion. Position traders should anchor stop-loss boundaries around the 100-day EMA at $1.34 and the $1.30 SuperTrend support floor.
- **Institutional Adoption Context:** Securities firms formalizing compliant custody platforms marks tangible progress toward real-world asset tokenization. Success in South Korea's strict regulatory environment could establish an actionable blueprint for institutional rollout across neighboring Asian jurisdictions.
- **Capital Reallocation Caution:** Rising US Treasury yields continue to attract liquidity away from speculative tokens and back into traditional yields. Crypto allocators need to monitor macro capital rotation alongside chart resistance at $1.40.

## Why this happened
The consolidation in XRP and the simultaneous push into institutional infrastructure stem from distinct technical and macroeconomic drivers.

- **Overhead Technical Convergence:** The price recovery encountered a dual barrier formed by the 200-day EMA at $1.38 and the 50-day EMA at $1.39. This structural cluster, coupled with an RSI at 41, stalled buyer momentum and reinforced immediate range-bound conditions.
- **Regulatory Maturation in Asia:** South Korea is progressively instituting formal digital asset oversight rules. Meritz Securities sought an enterprise partner in Ripple to construct fully compliant custody and settlement pipelines before broader tokenization services launch.
- **Macro Liquidity Competition:** Surging US Treasury yields have created a high-yield traditional alternative, triggering capital outflows from crypto assets into risk-off sovereign debt while corporate earnings sustain equity market demand.

## Questions & Answers

### 1. What is the purpose of the partnership between Ripple and Meritz Securities?
The collaboration aims to build institutional-grade digital asset custody and tokenization infrastructure tailored for South Korea's regulated capital markets.

### 2. What are the immediate resistance levels facing XRP?
Immediate resistance sits at the 200-day EMA near $1.38 and the 50-day EMA at $1.39, capped by a key supply ceiling at $1.40.

### 3. Which downside support levels are cushioning XRP's price?
Downside support is positioned at the $1.36 pivot, the 100-day EMA at $1.34, and the baseline SuperTrend level near $1.30.

### 4. How did Zcash perform alongside its Grayscale investment fund?
Zcash rose 4% on Wednesday, though Grayscale's ZEC fund experienced selling pressure with over $5 million in net outflows on Tuesday.

### 5. Why is capital rotating away from major cryptocurrencies like Bitcoin?
Rising US Treasury yields are drawing traditional finance capital away from digital assets toward fixed-income instruments, while earnings bolster equities.

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