#If XRPL Handles Just 10% of Hidden Road’s Volume, Here’s Where XRP Could Go
The recent acquisition of Hidden Road by Ripple has sparked considerable discussion about the potential impact on XRP and the XRP Ledger (XRPL). Here's a breakdown of the key points:
Significant Volume:
Hidden Road handles a substantial volume of transactions, reportedly around $3 trillion annually.
This translates to a large daily volume, indicating significant potential for the XRPL.
XRPL Integration:
A key aspect of the acquisition is the plan to migrate Hidden Road's post-trade activities to the XRPL.
This move is seen as a validation of the XRPL's capability to handle large-scale institutional transactions.
Potential Impact on XRP:
If even a fraction of Hidden Road's volume is processed through the XRPL, it could significantly increase demand for XRP.
Scenarios have been presented, analyzing the potential XRP price increase based on varying percentages of Hidden Road's volume being handled by the XRPL.
Increased usage of XRP as a bridge asset, or collateral, will increase the demand for the token.
The use of Ripple's stable coin RLUSD within the hidden road platform, also is a factor to consider.
Institutional Adoption:
This acquisition is viewed as a major step towards greater institutional adoption of XRP and the XRPL.
It signifies Ripple's efforts to bridge the gap between traditional finance and the digital asset space.
In essence, the potential for XRP's price to increase hinges on the volume of Hidden Road's transactions that are processed through the XRPL. The more volume that shifts to the XRPL, the greater the potential impact on XRP's demand and price.