$1B Daily or $300B+ Annually
XRP price could witness a substantial spike if the XRP Ledger (XRPL) handles only 10% of broker firm Hidden Road’s daily transactions.
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Notably, Ripple recently acquired prime brokerage firm Hidden Road for $1.25 billion, a move that could impact the future of the XRP Ledger and XRP itself.
XRPL Could Handle a Fraction of Hidden Road’s Volume
Speaking on the importance of the acquisition, Ripple CTO David Schwartz stressed that it marks a turning point for the XRPL. According to him, Hidden Road clears over $10 billion in daily liquidity and processes more than 50 million transactions each day.
