Key Takeaways
- Ripple (XRP) purchased Hidden Road, a global multi-asset prime broker, at about $1.2B.
- For XRP’s price to resume its bullish rally, it needs to break above the $2.5 resistance with strong volume.
- Ripple’s (XRP) ETF approval in Q2 of 2025 could lead to mass adoption and a subsequent price rally to double digits.
All fundamental factors favour Ripple’s (XRP) price hitting a double-digit mark, with its team closing all partnerships and collaborations in the past few weeks. The news of Ripple (XRP) announcing its recent announcement on closing a deal relating to Hidden Road for a region of $1.2B as the first crypto company to own and operate a global multi-asset prime broker.
This news is coming from a more interesting announcement by Ripple (XRP) as it plans to be at the centre of affairs in digital asset tokenization, as the industry is tipped to be worth over $18.9T, which could see XRP and its team play a key role in pioneering this revolution.
All of this fundamental news favouring XRP has had less impact on the price of XRP as its price struggles to break above $2.2, acting as key resistance for the price despite the price of XRP showing some promising signs in previous months.
Recent developments around the Ripple (XRP) ecosystem continue to spark the potential for the price to be highly undervalued. The price has the potential to hit new heights above Ethereum, as crypto experts and institutional investors are highly interested in XRP in the next five years.
Additionally, with its SEC lawsuit as good as done following an agreement between Ripple and the SEC to drop the remaining appeal and Ripple covering $75M from escrow, the SEC retains the remaining $50M, which could boost the XRP price as the market recovers.
Ripple’s CEO Brad Garlinghouse has expressed optimism that the XRP ETF will be launched in Q2 of 2025, which could lead to mass adoption of XRP and propel its price to potential double digits.
Ripple (XRP) Price Analysis Ahead Of Potential Double-digit Rally
Source – XRP 1D Price Analysis From TradingView
The price of XRP has struggled to replicate its fundamentals as the price trades below its $2.2 resistance, below its 50-day and 200-day EMAs, acting as resistance for the price for the first time in months.
XRP’s bullish price action will gain strong sentiment to the upside if the price of XRP breaks above the $2.5 resistance zone, as whales and institutions would be looking to buy into XRP, considering its use case has gained much attention in recent times.
In the short term, the price of XRP is bearish, but overall market sentiment remains bullish for XRP. Whales and investors will look to accumulate XRP based on fundamental factors and a price prediction of double digits before the end of the year.
