XRP is above BNB after a substantial weekly rise.
Ripple finally completed the Hidden Road deal, which became big news at the end of the week since the prime broker now has a different name.
This and other interesting news from last week will be detailed in the following article.
Hidden Road and other big ripple deals
Although the $1.25 billion Hidden Road purchase was initially announced in April, the actual closing was highlighted on Friday. In a statement on X, the Brad Garlinghouse-led company noted that the brokerage platform will now be called Ripple Prime.
This means the company is now the first in the crypto industry to “own and operate a multi-asset global prime broker – bringing the promise of digital assets to institutional clients at scale.”
Teuncrium CEO weighed in on the matter, stating that Ripple is “building the new Wall Street with XRP and Hidden Road.”
Garlinghouse spoke to cryptocurrencies.
2025 became an even bigger year for Ripple as, in addition to Hidden Road, it also announced deals to acquire Rail for $200 million and GTreasury for $1 billion.
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Additionally, Evennorth Holdings, a newly formed company in Nevada, launched and entered into a business combination agreement with Armada Acquisition Corp II to enable institutional adoption of Ripple’s XRP.
XRP Back to 4th
In line with Ripple’s aforementioned announcements, the project’s native token is set to close with a substantial 11.5% weekly rise, which has pushed its price to a multi-week high of $2.65. This allowed its market capitalization to climb to almost $159 billion, making XRP the fourth largest cryptocurrency, surpassing BNB.
What’s particularly interesting about this price surge is that it comes at a time when whales appear to be losing profits thanks to massive sell-offs. In contrast, popular coin and futures trader under the pseudonym X, James Wynn, said he is joining the XRP army with a significant investment. Wynn noted that he went “down the rabbit hole of XRP” and determined that it could “revolutionize banking systems.”
Popular analyst Ali Martinez picked up on today’s price movement of XRP and outlined the next critical resistance en route to $3.00. He also discussed the first line of defense in case this rally is another misstep.
Two key levels for $XRP:
– Support at $2.15
– Resistance at $2.80 pic.twitter.com/HbfNSNGZFs– Ali (@ali_charts) October 26, 2025
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