Key notes
- Ripple’s acquisition of the brokerage company Prime Hidden Road for $ 1.25 billion is back in the spotlight.
- XRP Eyes Breakout upper with a price holding above the key levels.
- Derivative Marketplace CME Group must launch XRP’s term contracts on May 19, stimulating institutional interest.
Monica Long, the president of the American Blockchain Payment Company, Ripple Labs Inc, has stimulated a new excitement within the XRP community. She recently stunned the community with updates on the continuous expansion of the company and its last acquisition. These developments arise as the XRP cryptocurrency linked to Ripple Labs shows regular price gains in the midst of an increasing institutional adoption.
Ripple strengthens infrastructure with a hidden road
In a recent interview with CNBC, Monica Long confirmed the acquisition of Hidden Road by Ripple, a worldwide brokerage company which deals with more than 3 billions of dollars in transactions per year.
In the interview, Long revealed that the agreement, which cost $ 1.25 billion, is considered a strategic decision. This acquisition aims to strengthen the company’s financial infrastructure services, which include global payments, the custody of tokens and the tokenization of assets, which are all suitable for the company.
Caught @Arjunkharpal For CNBC, beyond the valley, to discuss the acquisition of Ripple of Hidden Road (this has only been 2 weeks since the announcement!), And how the main broker directly strengthens bread and Ripple butter offering a financial infrastructure for payments, etc.
– Monica Long (@monicalongsf) April 25, 2025
According to the update, Long shared that Ripple Labs has expanded its network of payments. It highlighted the strong management of the company’s liquidity, regulatory compliance with more than 60 licenses and a complete control over payment flows.
Long also mentioned that the purchase of Hidden road supports the main mission of Ripple and improves the integration of XRP, Rlusd (Ripple’s Stablecoin) and other digital assets in business level solutions.
It is essential to add that this development follows the decision of Ripple Labs to delay becoming public. Long explained that the company remains financially solid, holding billions of cash reserves and does not need an IPO for capital or visibility.
Commenting on development, CEO Brad Garlinghouse echoes these remarks, confirming that Ripple will focus on construction through acquisitions rather than registration on the stock market.
XRP has key levels
Coinmarketcap data show that the fourth largest XRP cryptocurrency
Xrp
$ 2.21
24h volatility:
0.2%
COURTIC CAPESSION:
$ 128.86 B
Flight. 24 hours:
$ 3.29 B
is currently negotiated at $ 2.19, up 1.80% in the last 24 hours.
It should be noted that the price has shown signs of consolidation. Market data show that it maintains a support greater than $ 2.11 and passes through key levels after a maximum of $ 2.30 in the middle of the week.
Analysts look at a possible escape of 25% to $ 2.74, supported by a bull and reverse shoulder scheme. According to experts, a decision greater than $ 2.22, which is short-term resistance, should open the way to $ 2.50 and beyond.
It should be mentioned that the announcement by derivatives of CME Group derivatives of term contracts on XRP which should be launched on May 19 has only added to the optimism of the market. As detailed in its ad, term contracts will offer micro and larger contracts targeting institutional and detail investors.
Coinspeaker noted earlier than Coinbase had submitted a file to the CFTC to introduce XRP trading. This shows the growing attraction of XRP among institutional and professional traders.
XRP price board | Source: tradingView
The reports also show that XRP technical indicators point to mixed signals. For the context, the relative resistance index (RSI) hangs around 55 years but trendy towards the midline, indicating a potential change in feeling. Meanwhile, long liquidations exceed the shorts, referring to the growing pressure of the sale. Despite this, XRP remains above the 100-day EMA, keeping the current configuration that is intact.
With continuous attention to support at $ 2.15 and resistance to $ 2.22, market players are looking closely at the next stages of Ripple.
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Non-liability clause: Coinspeaker undertakes to provide impartial and transparent reports. This article aims to provide precise and timely information, but should not be considered as financial or investment advice. Since market conditions can change quickly, we encourage you to check the information for yourself and consult a professional before making decisions according to this content.
Benjamin Godfrey is a blockchain enthusiast and a journalist who savor the writing of actual applications for blockchain technology and innovations to stimulate general acceptance and global integration of emerging technology. His desire to educate people on cryptocurrencies inspires his contributions to renowned media and blockchain sites.
