SoFi Adds XRP Deposits for 13.7M Users—Can SoFi XRP Fuel an Upswing?

SoFi Technologies, a U.S. bank regulated by the OCC, said on April 21 that it now supports XRP deposits for its 13.7 million customers. The move places XRP alongside major crypto assets in a single regulated banking app, with Ripple replying on X that broader access grows “utility.” Traders also link the news to broader adoption signals: the article cites a surge in XRP Ledger RWA activity (+875%) and growing institutional interest, including BlackRock. Market context is mixed. XRP is described as consolidating roughly between $1.30 and $1.50 after briefly spiking above $1.50 and pulling back sharply. Technical commentary highlights potential bullish structure: the 50-day moving average near $1.40 is framed as turning into support, and a MACD crossover is emerging. Volume was reported up sharply (surging to a peak around $5.9B in 24 hours) before easing. Key levels in the article: a break above $1.57 could open upside toward $2.80, while $1.30 is treated as the bullish invalidation level—daily closes below it could trigger a move toward sub-$1.00. The piece also flags policy risk via the CLARITY Act as a potential range catalyst. Overall, the core catalyst is SoFi XRP deposits. For traders, the question is whether this mainstream distribution angle is already priced in or can trigger renewed flows into XRP.