Ripple recently acquired Hidden Road, a prime brokerage firm now registered with the Fixed Income Clearing Corporation (FICC), which processes over $11 trillion in daily trading volume through its Government Securities Division (GSD). This registration was first uncovered by a community member named Matthew and has since been talked about on social media. It could potentially boost XRP price in the long-term.
Hidden Road’s membership in the FICC’s Government Securities Division gives Ripple potential exposure to institutional markets on a scale crypto has never seen. Ripple’s infrastructure including the XRP Ledger (XRPL), its new stablecoin RLUSD, and the XRP token may now serve settlement, fee, or collateral roles in this high-volume environment.
RLUSD is set to handle most dollar-denominated transactions, XRP will still be used for network fees, and those fees are burned with each use. However, Ripple has not formally announced the acquisition, but its implications are clear. With FICC handling such a large volume, even a small portion flowing through XRPL could drive up XRP usage.
In short, at just 1% adoption of FICC’s daily volume, that’s $110 billion flowing through Ripple’s rails. Even minimal use could put consistent demand pressure on XRP and expand its utility beyond speculation.
XRP Price’s Path to Surge of Over 800%
As of the time of writing this report, XRP is trading for $2.37, down by 2.24%. However, XRP price has gained 340% in the past 1 year with 50% coming from when it dipped to its lowest in April.
Looking at the chart, the price was recently rejected from a resistance zone at $2.54. Right now, XRP price is trending downward on the lower time frame to test a resistance-turned-support level at $2.27. The support level could give it the momentum it needs to cross past the resistance. If this happens we could see a surge up to $3.3 which is the recent daily swing high.
Moveover, XRP seems to be riding along the momentum from the Bitcoin rally which recently hit a new all-time high of $110. Crypto analyst Dark Defender in a recent tweet said if energy continues we could see XRP high a new target of $5.85. However, it is believed that XRP could reach $10 to $15 by 2027 and potentially hit $20 by 2030 if adoption sees more increase.
In 2017, XRP price went from $0.33 to $3.30 during a massive bull run when the price created 4 bullish weekly candles in a row. If history is any guide, XRP could repeat this pattern and mirror the explosive growth. Back then, it surged nearly 869% within just over a month, Now, with the integration through Hidden Road, XRP could see the same wave.
Also Read: XRP Price Poised for New ATH After Bitcoin Rally: Polymarket
