Ripple's recent $1.25 billion acquisition of prime broker Hidden Road marks a significant move in the crypto industry. Hidden Road processes approximately $3 trillion annually across various financial markets, serving over 300 institutional clients. This acquisition positions Ripple to integrate Hidden Road’s post-trade operations into the $XRP Ledger, potentially enhancing Ripple’s role in institutional decentralized finance.

The deal also aims to bolster the use of Ripple's stablecoin, RLUSD, as collateral in brokerage products, expanding its utility in the financial ecosystem. As a result, Ripple becomes the only crypto company to own and operate a global multi-asset prime broker, potentially increasing XRP's adoption and liquidity.

Currently, XRP is trading at $2.43, with an intraday high of $2.47 and a low of $2.41. The acquisition could influence XRP's price trajectory, especially if it leads to increased institutional adoption.

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