XRP Market Update: Hidden Road Acquisition Sparks Optimism
Ripple has announced a groundbreaking acquisition of Hidden Road, a prime brokerage firm, for $1.25 billion. This deal—one of the largest in crypto history—is a strategic move to strengthen Ripple’s position in institutional finance. A portion of this capital and activity is expected to utilize the XRP Ledger and RLUSD as collateral, signaling long-term bullish potential for XRP.
While short-term price action remains highly correlated to Bitcoin, this acquisition adds real business utility to XRP’s ecosystem. The XRP/USDC pair also saw a notable spike in open interest, indicating strong U.S.-based buying interest.
Short-Term Outlook: If Bitcoin holds or rebounds, XRP could reclaim $0.62 and re-enter its previous range.
Long-Term Outlook: This acquisition increases the attractiveness of XRP at bottom levels and could drive future adoption and development on the XRP Ledger.
Hashtags: