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Ripple (XRP) News Today: October 26

Ripple lastly closed the Hidden Road deal, which turned massive information on the finish of the week because the prime dealer now goes beneath a unique identify.

This and extra fascinating information from the previous week or so might be detailed within the following article.

Hidden Road and Other Big Ripple Deals

Although the Hidden Road buy, price $1.25 billion, was initially introduced in April, the precise conclusion was highlighted on Friday. In a statement on X, the Brad Garlinghouse-led firm famous that the brokerage platform will now be referred to as Ripple Prime.

This implies that the corporate is now the primary within the crypto trade to “personal and function a worldwide, multi-asset prime dealer – bringing the promise of digital property to institutional prospects at scale.”

Teuncrium’s CEO weighed in on the matter, indicating that Ripple is “constructing the brand new Wall Street with XRP and Hidden Road.”

Garlinghouse took it to X to highlight the corporate’s 5 massive strikes since 2023. Despite the continued strain from the SEC lawsuit on the time, Ripple made two vital purchases in 2023 and 2024: specifically, the acquisitions of Metaco (a Swiss-based crypto custody supplier) and Standard Custody & Trust Company, an enterprise-grade, regulated platform for cryptocurrencies.

2025 turned an much more impactful 12 months for Ripple as, apart from Hidden Road, it additionally introduced offers to accumulate Rail for $200 million and GTreasury for $1 billion.

Additionally, Evennorth Holdings, a newly fashioned Nevada company, launched and entered a enterprise mixture settlement with Armada Acquisition Corp II to allow institutional adoption of Ripple’s XRP.

XRP Back to 4th

In line with the aforementioned bulletins from Ripple, the mission’s native token is about to shut with a considerable 11.5% weekly surge that has pushed its worth to a multi-week peak of $2.65. This has helped its market cap soar to nearly $159 billion, which makes XRP the fourth-largest cryptocurrency by surpassing BNB.

What’s notably fascinating about this worth surge is that it comes at a time when whales have been seemingly taking profits off the table with sizeable sell-offs. In distinction, the favored meme coin and futures dealer going by the X deal with James Wynn said he was becoming a member of the XRP Army with a big funding. Wynn famous that he went “down the rabbit gap of XRP” and decided it may “revolutionize the banking methods.”

Popular analyst Ali Martinez picked up immediately’s worth transfer from XRP and outlined the subsequent important resistance on its means towards $3.00. He additionally introduced up the primary line of protection in case this rally is one other fakeout.

The put up Ripple (XRP) News Today: October 26 appeared first on CryptoPotato.

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