Ripple has finalized its acquisition of Hidden Road, a significant development that concluded at the end of the past week. This strategic move has led to the prime brokerage operating under a new name, marking a new chapter for the company and its integration into Ripple's growing ecosystem.
Hidden Road Acquisition and Ripple's Expanding Portfolio
The acquisition of Hidden Road, valued at $1.25 billion, was initially announced in April. The finalization of this deal was prominently highlighted on Friday. In an official statement released on X, Ripple, under the leadership of Brad Garlinghouse, confirmed that the prime brokerage platform will now be known as Ripple Prime. This integration positions Ripple as the first entity in the cryptocurrency industry to "own and operate a global, multi-asset prime broker," thereby aiming to bring the benefits of digital assets to institutional customers at scale.
The CEO of Teucrium commented on this development, suggesting that Ripple is actively "building the new Wall Street with XRP and Hidden Road." This sentiment underscores the perceived impact of these strategic acquisitions on the broader financial landscape.
Brad Garlinghouse took to X to detail Ripple's five major strategic moves since 2023. Despite facing ongoing legal challenges from the SEC during that period, Ripple executed two key acquisitions in 2023 and 2024: Metaco, a Swiss-based crypto custody provider, and Standard Custody & Trust Company, a regulated platform for cryptocurrencies designed for enterprise clients.
The year 2025 has proven to be particularly impactful for Ripple, with the acquisition of Hidden Road being complemented by announced deals to acquire Rail for $200 million and GTreasury for $1 billion. Furthermore, Evennorth Holdings, a newly established Nevada corporation, has launched and entered into a business combination agreement with Armada Acquisition Corp II, an initiative designed to facilitate institutional adoption of Ripple's XRP.
XRP Reclaims Fourth Position in Market Capitalization
In correlation with Ripple's recent announcements and strategic maneuvers, the project's native token, XRP, is poised to conclude the week with a significant surge of 11.5%. This impressive weekly gain has propelled its price to a multi-week peak of $2.65. Consequently, XRP's market capitalization has soared to nearly $159 billion, securing its position as the fourth-largest cryptocurrency and surpassing BNB.
The current price surge is particularly noteworthy given recent observations of whales seemingly taking profits through substantial sell-offs. In contrast, a prominent meme coin and futures trader, known on X as James Wynn, has announced his significant investment in XRP, joining the "XRP Army." Wynn stated that after conducting extensive research into XRP, he believes it has the potential to "revolutionize the banking systems."
Popular analyst Ali Martinez has analyzed XRP's recent price movement, identifying critical resistance levels on its path toward $3.00. He also highlighted the initial support level to watch in the event of a potential market correction or a false rally.
Two key levels for $XRP:
– Support at $2.15
– Resistance at $2.80 pic.twitter.com/HbfNSNGZFs— Ali (@ali_charts) October 26, 2025