As CNF reports, Ripple took over the Prime Broker Hidden Road for $ 1.25 billion-the largest deal in the area of digital assets. This makes Ripple the first crypto company to have a global multi-asset Prime Broker.
The takeover will beat a bridge between traditional financial infrastructure and blockchain processing systems. Ripple will use this to increase the institutional acceptance and volume of the XRP Ledger (XRPL).
As described in our last message, Hidden Road is changing over $ 3 trillion in the areas of foreign exchange, derivatives, fixed-income securities and digital assets. The company serves over 300 institutions and handles a volume of $ 10 billion every day. Ripple integrates these services into its financial infrastructure in order to combine blockchain-based assets with established market flows. According to David Schwartz, CTO of Ripple, even a small part of these activities that are transferred to XRPL could be of great importance for the Ledger.
Hidden Road’s clearing and credit network offers customers uniform risk management over stock exchanges such as OKX, Coinbase International, Deribit, Bitfinex and Bullish. The platform enables institutions to act with a single credit line and a single settlement partner. Ripple will use this to introduce Rlusd, his upcoming StableCoin, and XRP into the institutional trade currents at various trading places.
As CNF reported, confirmed Brad Garlinghouse that XRPL will be used for part of the post-trade handling of Hidden Road. By eliminating the delays in traditional systems, XRPL could handle trade in real time. This is in accordance with the aim of Ripple, XRPL to make an institutional quality level.
The takeover of Ripple gives the company access to the financial instruments used by hedge funds and trading companies. In traditional finance, institutions do not manage collateral, billing and loans across several trading places. These functions, including leverage, netting and loan, are provided by Prime brokers. Ripple now has this infrastructure and can integrate XRP and RLUSD into real financial flows.
RLUSD will not only be used for payment purposes. Ripple plans that RLUSD will be a margin and financing asset in the Clearing network of Hidden Road. This increases capital efficiency in blockchain-based trade and increases the real benefit of RLUSD and XRP.
Ripple already maintains relationships with Hidden Road Customers and B2C2, which takes part in Ripplenet and the Hidden Road platform. By combining these networks, Ripple institutional customers can offer direct processing, leverage and liquidity. Marc Asch, the founder of Hidden Road, will continue the operation under Ripple to ensure continuity and scalability.
Despite the message about the takeover, XRP has fallen by 15 % in the last 30 days. On April 9th he was $ 1.82 after he had fluctuated between $ 2.30 and $ 1.60 lately. Analysts say that short -term volatility remains, but could change in the long term if the institutional volume comes to XRPL.
According to the TradingView data, XRP is traded within a descending channel and faces strong resistance at $ 1.97 and support at $ 1.72. The MacD showed a golden cross on April 8, whereupon a potential bear reversal followed. The RSI briefly reached the overbought area before returning to the oversized area.
Dr. CAT expects XRP to reach $ 4.50 based on Fibonacci expansion levels if it lasts over $ 1.69. Blockchain Backer sees XRP in the last phase of an ABC correction pattern. He expects wave C to reach its low point between $ 1.40 and $ 1.50, which corresponds to the 0.786 fibonacci retracement and historical support. He said that this could be a great entry point for buyers if the course reversed.
For everyone asking, although it should be clear already: 4.5$ remains the minimum target for $XRP.
Assuming the worst case scenario that indeed the bull run is over for $BTCand assuming in the next months it makes a lower high/dead cat bounce to mid 80s.
5200 satoshi… pic.twitter.com/2llClGmGYU
— Dr Cat (@DoctorCatX) April 8, 2025
Ripple’s step could be the catalyst for XRPL, which currently only has two tokenized Real World Assets (RWAS) with a total value of around $ 50 million. Schwartz saidThis forms the basis for the tokenization of real world assets on a large scale. Since global companies tackle RWA tokenization, Ripple XRPL will use as a platform for Onchain financing, which is supported by an institutional infrastructure.
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