XRP Surges as Ripple Completes Hidden Road Acquisition

XRP, the native token of Ripple’s payment network, jumped on Friday after Ripple said it had completed its acquisition of global prime broker Hidden Road, now rebranded as Ripple Prime.

XRP is trading around $2.50, up about 5% on the day and 8% over the past seven days, after suffering losses most of last week amid a broader market downturn, according to The Defiant’s price page. It is currently the fifth-largest digital asset with a market capitalization of over $148 billion.

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