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XRP held firm at $1.25 on Monday as Ripple gained institutional custody via BNY Mellon, raising expectations that the token will meet crypto analysts’ price target. In the last 24 hours, trading volume rose about 65% to $1.3 billion, data from top cryptocurrency exchanges revealed.

Ripple’s XRP price has been hovering around $1.31 over the past 24 hours, down 0.28%, and over the last week, it has decreased by 1.78%. For some crypto investors, the tight price movements signal stability amid geopolitical instability, reducing investment appetite. 

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