As of Sunday, April 13, 2025, here are the latest developments concerning XRP:
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**Ripple's Strategic Acquisition**
Ripple has announced its agreement to acquire prime brokerage firm Hidden Road for $1.25 billion. This acquisition aims to integrate Hidden Road’s post-trade operations into the XRP Ledger, enhancing Ripple’s position in institutional decentralized finance. Ripple's CEO, Brad Garlinghouse, emphasized that this move will accelerate digital asset adoption using XRP's capabilities. citeturn0news12
**XRP ETF Developments**
The U.S. Securities and Exchange Commission (SEC) has acknowledged filings from CoinShares, Canary, and WisdomTree for XRP exchange-traded funds (ETFs). This acknowledgment has led to a temporary price spike, with XRP breaching $2.70. Analysts suggest that if XRP maintains support above $2.55 and breaks resistance at $2.72, it could gain further momentum. citeturn0search7
**Legal Proceedings and Market Activity**
In the ongoing legal battle between Ripple and the SEC, both parties have filed a stipulation regarding the delay in submitting appeal documents. Concurrently, significant whale activity has been observed, with over 130 million XRP coins being transferred. These developments have sparked speculation about potential market movements. citeturn0search2
Despite these developments, XRP's price remains below its recent highs, reflecting ongoing market volatility and investor caution.
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