- Ripple accomplished its US$1.25 billion acquisition of prime dealer Hidden Street, which will probably be rebranded as Ripple Prime and provide multi-asset clearing, financing and brokerage providers.
- Ripple executives view the deal as transformative for XRPL and XRP, with Ripple Prime set to make use of the ledger for settlements and unlock new utility circumstances for each XRP and stablecoin RLUSD.
- Some members of the XRP neighborhood stay sceptical, questioning whether or not the acquisition will genuinely ship worth to XRP holders or if Ripple is merely looking for use circumstances after the very fact.
- XRP is at the moment buying and selling at US$2.63 (up 1.2%), although analysts recommend approval of spot XRP ETFs may considerably enhance the asset’s worth alongside different cryptocurrencies like SOL and LTC.
Ripple has finalised its US$1.25 billion (AU$1.91 billion) acquisition of prime dealer Hidden Street, a deal we first reported in April.
Hidden Street will now be rebranded as Ripple Prime, a transfer that considerably broadens Ripple’s enterprise past crypto. The platform now gives multi-asset clearing, financing and brokerage providers — and exercise has already tripled for the reason that deal was introduced.
Ripple Execs Weigh in On Ripple Prime
Ripple CTO David Schwartz referred to as the deal a “defining moment” for the XRPL — the decentralised ledger behind XRP. Cassie Craddock, Managing Director for Ripple UK and Europe, confirmed that Ripple Prime will use the XRPL for settlements.
CEO Brad Garlinghouse added that “XRP sits on the centre of every part Ripple does,” pointing to a number of main acquisitions over the previous two years, together with GTreasury, Rail, Commonplace Custody and Metaco.
Ripple President Monica Lengthy said “the longer term forward is mighty shiny,” suggesting the deal may unlock new utility for each XRP and Ripple’s stablecoin, RLUSD. She famous that RLUSD is already getting used as collateral in prime brokerage merchandise, and that Ripple Prime is exploring additional methods to make use of XRP.
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Some within the XRP neighborhood, nevertheless, questioned how a lot actual worth it will convey to XRP. One person on Crypto Twitter joked about when this supposed utility will really matter.
By future are we speaking like subsequent week someday??
— Glenn Laborda (@LabordaGle13817) October 24, 2025
One other said it’s worrying that Ripple continues to be “searching for use circumstances” within the first place — with many holders merely hoping their luggage will ultimately repay.
Holding XRP makes me really feel like Oliver Twist from the 1968 film Oliver! "please sir might I’ve some extra" maybe in the future my huge bag of XRP will probably be value one thing.
— Jason (@AltcoinJason) October 24, 2025
XRP Up — However Can ETF Launches Push It Additional?
On the time of writing, XRP is buying and selling at US$2.63 (AU$4.02), up 1.2% up to now 24 hours — a modest transfer in comparison with cash like ETH and HYPE, which have seen stronger momentum.
Nate Geraci from NovaDius Wealth believes that if the U.S. authorities shutdown is resolved quickly and spot crypto ETFs are accepted — with a number of XRP ETFs in improvement — it may open the floodgates for property like XRP, SOL and LTC.
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The put up Ripple Acquires Hidden Road and Relaunches It as Ripple Prime, Hints New XRP Utilities appeared first on Crypto News Australia.