Ripple don launch prime broker Ripple Prime, XRP surge reach $2.65
Ripple don complete dia $1.25 billion buy of non-bank prime broker Hidden Road, dem rename am to Ripple Prime, and dem be the first crypto company wey dey run global, multi-asset prime brokerage. Ripple Prime dey offer institutional clients better trading, finance, clearing plus market access across forex, fixed income and derivatives, and e dey use XRP plus Ripple stablecoin RLUSD join inside. RLUSD don already dey used as collateral for brokerage products, and transfer volume don pass 25 million and e dey increase. This deal follow Ripple earlier purchases of Metaco, Standard Custody & Trust, Rail and GTreasury, to show how dem dey push into institution market. The news plus fresh institutional interest like Evernorth $1 billion funding don push XRP price raise pass 11% to $2.65, e carry market cap go over $159 billion, pass BNB to be di 4th biggest cryptocurrency. On-chain data show say big guys (whales) dey sell less, negative spot netflows dey happen, and transfer activity na record level, meaning strong accumulation dey go on. Technical indicators dey show support around $2.15 and resistance around $2.80, meaning say price fit still waka up short and long term.
Bullish
Ripple dem don buy Hidden Road and dem don change the name to Ripple Prime, e show say dem dey expand strategic for institutional prime brokerage, wey dey integrate XRP and e stablecoin RLUSD directly into trading, financing, and clearing work. Dis unique position don cause fresh interest from institutions, as you fit see for Evernorth which don provide $1 billion funding, and e don trigger strong on-chain accumulation, less whale selling plus negative netflows. As e be, price don rise by 11%, market cap don pass $159 billion and e don overtake BNB, e show say market get strong confidence now. Technical support stand for $2.15 and resistance for $2.80 mean say XRP fit continue to dey go up for near future while e dey strengthen im long-term institutional base.