XRP Price Tumbles Amid Sour Market Sentiment

XRP price has extended losses, trading below the $1.220 mark and facing significant hurdles near $1.2350 and $1.250. The cryptocurrency has entered a short-term bearish zone, declining below key support levels like $1.2850 and $1.2650. A low was established at $1.1924, with the price now consolidating losses well below the 23.6% Fib retracement level of a recent downward move. Technical indicators reinforce this bearish outlook, with the Hourly MACD gaining pace in the bearish zone and the Hourly RSI positioned below the 50 level. Should XRP fail to clear the $1.2580 resistance zone, it risks further declines toward major support levels at $1.1920 and potentially $1.1840.

Schwab Targets 2027 Crypto Trading Rollout for Advisors

Financial services giant Charles Schwab is actively preparing to expand its crypto offerings, with plans to roll out spot trading, transfer, and custody capabilities for financial advisors on its custody platform by mid-2027. This ambitious move would provide direct digital asset access to Schwab’s substantial advisor ecosystem, which oversees roughly $5.31 trillion in client assets. The initiative follows Schwab’s earlier retail crypto platform launch, which currently enables eligible US clients to trade Bitcoin (BTC) and Ethereum (ETH) across its digital channels. Schwab intends to add more cryptocurrencies over time and introduce deposit/withdrawal capabilities. While the initial advisor rollout is expected to include Bitcoin and Ethereum, specifics on pricing and asset lists are yet to be confirmed. This development marks a significant step toward integrating direct crypto tools into traditional wealth management workflows, moving beyond existing crypto-linked products and exchange-traded funds.