NLZ-Small Investor From Myanmar
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Bullish
XRP Price Wavers at $2: Can a New $10 Billion Catalyst Push it to $5?
Ripple (XRP) is still under pressure as buyers remain elusive following its 40% retreat from the year-to-date high. XRP price has found a strong support at $2 despite numerous catalysts like the rising ETF approval odds and the potential Fed cuts. So, will a new $10 billion catalyst boost its value, potentially to $5?
XRP Price Could Benefit From Hidden Road’s Transactions
One of the biggest crypto news of this week was Ripple Labs acquisition of Hidden Road in a $1.5 billion deal. Its price tag makes it one of the biggest acquisitions in the crypto industry.
The XRP price reacted mildly to this buyout, perhaps because market participants are unaware of its implication for Ripple and its token. That’s because Hidden Road operates in an obscure field in finance where it provides prime brokerage, clearing, and financing solutions to institutional investors.
A potential implication of this deal to XRP is that Ripple Labs may decide to integrate its technology to the XRP Ledger. In a statement, David Schwartz clarified this, saying that there was a likelihood that Hidden Road’s $10 billion a day transactions will move to the Ledger.
Such a move would dramatically increase the volume of transactions on the ledger, boosting the XRP price. That’s because it would transform Ripple into one of the biggest infrastructure plays in the crypto industry.
On top of this, Ripple’s plans to become an alternative to SWIFT will also boost the XRP Ledger and its price. These hopes have become more pronounced after the SEC ended its case against the company. It has made it easier for Ripple to do deals with other companies, especially those in the US. $XRP
#Xrp🔥🔥
Ripple (XRP) is still under pressure as buyers remain elusive following its 40% retreat from the year-to-date high. XRP price has found a strong support at $2 despite numerous catalysts like the rising ETF approval odds and the potential Fed cuts. So, will a new $10 billion catalyst boost its value, potentially to $5?
XRP Price Could Benefit From Hidden Road’s Transactions
One of the biggest crypto news of this week was Ripple Labs acquisition of Hidden Road in a $1.5 billion deal. Its price tag makes it one of the biggest acquisitions in the crypto industry.
The XRP price reacted mildly to this buyout, perhaps because market participants are unaware of its implication for Ripple and its token. That’s because Hidden Road operates in an obscure field in finance where it provides prime brokerage, clearing, and financing solutions to institutional investors.
A potential implication of this deal to XRP is that Ripple Labs may decide to integrate its technology to the XRP Ledger. In a statement, David Schwartz clarified this, saying that there was a likelihood that Hidden Road’s $10 billion a day transactions will move to the Ledger.
Such a move would dramatically increase the volume of transactions on the ledger, boosting the XRP price. That’s because it would transform Ripple into one of the biggest infrastructure plays in the crypto industry.
On top of this, Ripple’s plans to become an alternative to SWIFT will also boost the XRP Ledger and its price. These hopes have become more pronounced after the SEC ended its case against the company. It has made it easier for Ripple to do deals with other companies, especially those in the US. $XRP
#Xrp🔥🔥
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