RSS is just an XML file so yes you can store them easily, but they're not really made for archives, RSS is more or less used as a "presentation agnostic tool" to stay up to date.
Anyone could easily make an app or a website that would work as an archive for RSS feeds, I'm just not sure that there's a point for this (or maybe there is, RSS feeds for example are really easy to filter using reg exp, so if you need to make a search for example, it's pretty easy). The best option would be a REST service for such a thing...
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