Ripple’s Latest Acquisition Ignites XRP Momentum as Price Eyes Major Breakout
Ripple acquires Hidden Road for $1.25B to expand global payments and custody services as XRP eyes a $2.74 breakout; institutional interest grows with upcoming CME and Coinbase XRP futures.
Ripple Labs President Monica Long has once again energized the XRP community with exciting updates about the company's expansion and major acquisition developments that arrive as XRP’s price trends upward amid growing institutional interest.
Ripple Bolsters Its Global Network with $1.25 Billion Hidden Road Acquisition
Speaking recently to CNBC, Monica Long confirmed that Ripple has acquired Hidden Road, a global prime brokerage powerhouse processing over $3 trillion in transactions annually.
Caught up with @ArjunKharpal for CNBC’s Beyond the Valley to discuss Ripple’s acquisition of Hidden Road (it’s only been 2 weeks since the announcement!), and how the prime broker directly bolsters Ripple’s bread-and-butter – providing financial infrastructure for payments,… — Monica Long (@MonicaLongSF) April 25, 2025
The $1.25 billion deal is a strategic move designed to supercharge Ripple’s financial infrastructure. According to Long, the acquisition will strengthen Ripple’s core services, including global payments, digital asset custody, and enterprise-grade tokenization.
She emphasized that Ripple now boasts a significantly expanded payments network, reinforced by strong liquidity management, regulatory compliance across more than 60 licenses, and complete control over payment flows. Hidden Road’s integration will also enhance Ripple’s use of XRP, RLUSD (Ripple’s stablecoin), and other digital assets in enterprise solutions.
Importantly, this move comes shortly after Ripple decided to delay its initial public offering (IPO). Long made it clear that Ripple remains financially solid, with billions in cash reserves, and sees no urgent need for public capital or increased visibility.
Brad Garlinghouse: Ripple’s Focus Is on Building, Not Listing
Ripple CEO Brad Garlinghouse echoed Long’s sentiments, confirming that the company’s strategy centers on scaling through acquisitions rather than rushing to the stock market. This long-term vision positions Ripple to strengthen its infrastructure as it leads blockchain innovation.
XRP Price Update: Eyes on the $2.74 Breakout Target
XRP continues to show impressive resilience. According to CoinMarketCap, XRP is trading at $2.19, up 1.80% in the past 24 hours. The cryptocurrency is holding support firmly above $2.11 after hitting a mid-week high of $2.30.
Analysts highlight a bullish inverse head-and-shoulders pattern on XRP’s chart, signaling a potential 25% breakout towards $2.74. A successful move above short-term resistance at $2.22 could open the door to further gains toward $2.50 and beyond.
Adding to the bullish outlook, CME Group announced the upcoming launch of XRP futures contracts set for May 19. These futures are available in both micro and standard sizes and are expected to attract more institutional and retail investors into the XRP market.
Earlier reports from Coinspeaker also revealed that Coinbase has filed with the CFTC to introduce XRP futures trading, further showcasing XRP’s growing appeal among professional traders.
XRP Market Outlook: Mixed Signals But Bullish Momentum Holds
Despite the positive developments, technical indicators are showing mixed signals. XRP’s Relative Strength Index (RSI) is currently around 55 but trending lower, hinting at a potential shift in market sentiment. Additionally, data shows long position liquidations are outpacing shorts, suggesting slight sell-side pressure.
Still, XRP remains above the critical 100-day Exponential Moving Average (EMA), keeping the broader bullish trend intact. Traders are closely monitoring key support at $2.15 and resistance at $2.22 as Ripple’s latest moves continue to make headlines.
