🚨XRP in the spotlight!🚨
1. Ripple acquires Hidden Road for $1.25 billion
Ripple has announced the acquisition of the brokerage firm Hidden Road for $1.25 billion. This strategy aims to integrate Hidden Road's post-trade operations into the XRP Ledger, strengthening Ripple's position in institutional decentralized finance.
2. Possible resolution in the Ripple vs. SEC case The U.S. Securities and Exchange Commission (SEC) has requested to overturn a court order in its case against Ripple. This action could indicate an imminent resolution in the prolonged legal dispute, which would have a significant impact on the XRP market.
3. Successful launch of the 2x leveraged XRP ETF
Teucrium's 2x leveraged XRP ETF has successfully debuted, recording a volume of $5 million and positioning itself among the top 5% of new launches. This milestone reflects a growing institutional demand for financial products linked to XRP.
FXEMPIRE
4. XRP holds key support at $2.10
Despite recent volatility, XRP has maintained solid support at $2.10. Analysts suggest that if this level holds, we could see a rebound towards $3.00 in the coming weeks. FXSTREET
What do you think about these developments?
Do you believe XRP is ready for a new bullish push? Share your thoughts and analysis in the comments.