XRP is on the verge of a big move, but in which direction?XRP is on the verge of a big move, but in which direction?

Will This Major Ripple Announcement Be a Game Changer for XRP?

2025/11/03 22:32

Months after the initial announcement about the purchase of Hidden Road, the financial technology company behind XRP has reaffirmed its presence in the US with the launch of digital asset spot prime brokerage for the local market.

Its statement reveals that US-based institutional clients will now be able to execute OTC spot transactions across dozens of the largest digital assets, including Ripple’s own XRP and the RLUSD stablecoin.

Recall that the company announced the acquisition of Hidden Road back in April, but the deal was officially finalized in October, and the platform was renamed to Ripple Prime.

Consequently, the firm behind XRP combined its licenses with Hidden Road’s solution under the new platform, and now provides “new capabilities where institutions can seamlessly access foreign exchange (FX), digital assets, derivatives, swaps, and fixed income.”

The initial deal, valued at $1.25 billion, was praised by the XRP Army for the potential of the underlying asset. Back then, CryptoPotato reported the words of WrathofKahneman, a popular XRP advocate, who argued that Ripple’s primary mission of retail remittances and enterprise payments has evolved, with real opportunities in institutional treasury flows and liquidity management.

Ripple’s CEO, Brad Garlinghouse, confirmed that the new platform will utilize the XRP Ledger for post-trade settlement on specific transactions, which was considered a significant development. Moreover, the XRP proponent added that this could be a “game-changer” for the underlying asset, its utility, and overall its price movements.

Ripple’s cross-border token has settled at just over $2.40, following a 4% daily decline and an 8% correction since last Monday. The asset is poised for a big move soon, with analysts debating between a potential nosedive to $2.00 or an upcoming breakout.

The post Will This Major Ripple Announcement Be a Game Changer for XRP? appeared first on CryptoPotato.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
Share Insights

You May Also Like

Microsoft Corp. $MSFT blue box area offers a buying opportunity

Microsoft Corp. $MSFT blue box area offers a buying opportunity

The post Microsoft Corp. $MSFT blue box area offers a buying opportunity appeared on BitcoinEthereumNews.com. In today’s article, we’ll examine the recent performance of Microsoft Corp. ($MSFT) through the lens of Elliott Wave Theory. We’ll review how the rally from the April 07, 2025 low unfolded as a 5-wave impulse followed by a 3-swing correction (ABC) and discuss our forecast for the next move. Let’s dive into the structure and expectations for this stock. Five wave impulse structure + ABC + WXY correction $MSFT 8H Elliott Wave chart 9.04.2025 In the 8-hour Elliott Wave count from Sep 04, 2025, we saw that $MSFT completed a 5-wave impulsive cycle at red III. As expected, this initial wave prompted a pullback. We anticipated this pullback to unfold in 3 swings and find buyers in the equal legs area between $497.02 and $471.06 This setup aligns with a typical Elliott Wave correction pattern (ABC), in which the market pauses briefly before resuming its primary trend. $MSFT 8H Elliott Wave chart 7.14.2025 The update, 10 days later, shows the stock finding support from the equal legs area as predicted allowing traders to get risk free. The stock is expected to bounce towards 525 – 532 before deciding if the bounce is a connector or the next leg higher. A break into new ATHs will confirm the latter and can see it trade higher towards 570 – 593 area. Until then, traders should get risk free and protect their capital in case of a WXY double correction. Conclusion In conclusion, our Elliott Wave analysis of Microsoft Corp. ($MSFT) suggested that it remains supported against April 07, 2025 lows and bounce from the blue box area. In the meantime, keep an eye out for any corrective pullbacks that may offer entry opportunities. By applying Elliott Wave Theory, traders can better anticipate the structure of upcoming moves and enhance risk management in volatile markets. Source: https://www.fxstreet.com/news/microsoft-corp-msft-blue-box-area-offers-a-buying-opportunity-202509171323
Share
BitcoinEthereumNews2025/09/18 03:50
Coinbase Slams ‘Patchwork’ State Crypto Laws, Calls for Federal Preemption

Coinbase Slams ‘Patchwork’ State Crypto Laws, Calls for Federal Preemption

The post Coinbase Slams ‘Patchwork’ State Crypto Laws, Calls for Federal Preemption appeared on BitcoinEthereumNews.com. In brief Coinbase has filed a letter with the DOJ urging federal preemption of state crypto laws, citing Oregon’s securities suit, New York’s ETH stance, and staking bans. Chief Legal Officer Paul Grewal called state actions “government run amok,” warning that patchwork enforcement “slows innovation and harms consumers.” A legal expert told Decrypt that states risk violating interstate commerce rules and due process, and DOJ support for preemption may mark a potential turning point. Coinbase has gone on the offensive against state regulators, petitioning the Department of Justice that a patchwork of lawsuits and licensing schemes is tearing America’s crypto market apart. “When Oregon can sue us for services that are legal under federal law, something’s broken,” Chief Legal Officer Paul Grewal tweeted on Tuesday. “This isn’t federalism—this is government run amok.” When Oregon can sue us for services that are legal under federal law, something’s broken. This isn’t federalism–this is government run amok. We just sent a letter to @TheJusticeDept urging federal action on crypto market structure to remedy this. 1/3 — paulgrewal.eth (@iampaulgrewal) September 16, 2025 Coinbase’s filing says that states are “expansively interpreting their securities laws in ways that undermine federal law” and violate the dormant Commerce Clause by projecting regulatory preferences beyond state borders. “The current patchwork of state laws isn’t just inefficient – it slows innovation and harms consumers” and demands “federal action on crypto market structure,” Grewal said.  States vs. Coinbase It pointed to Oregon’s securities lawsuit against the exchange, New York’s bid to classify Ethereum as a security, and cease-and-desist orders on staking as proof that rogue states are trying to resurrect the SEC’s discredited “regulation by enforcement” playbook. Oregon Attorney General Dan Rayfield sued Coinbase in April for promoting unregistered securities, and in July asked a federal judge to return the…
Share
BitcoinEthereumNews2025/09/18 11:52