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The price of XRP Coin has surged by 11%, hovering around $1.95, while Bitcoin 
$103,168 has reclaimed the $80,000 mark. In today’s evaluation, we noted the potential for price increases before the U.S. market opening. As developments unfold in the coming hours, circumstances may reverse or a rebound could begin. So, what has Ripple 
$2 been up to?
Ripple (XRP) News
The Ripple team has resolved its issues with the SEC. The mutual appeals have been set aside as anticipated. However, more is needed. We should see Ripple’s public offering, the expansion of its ecosystem, and many other initiatives in quick succession. While all this unfolds, the company announced its acquisition of brokerage firm Hidden Road for $1.25 billion.
Strategic Vision for the Future
Ripple CEO Brad Garlinghouse views this acquisition as an opportunity to grow their stablecoin initiative launching at the end of 2024. Hidden Road boasts a client base of 300 institutional customers and is extremely influential in the cryptocurrency sector. Additionally, it engages in business with traditional assets.
According to the agreement, the payment will be made in weighted cash, XRP tokens, and company shares. The process is expected to complete in the coming months. Marc Asch, the founder of Hidden Road, will remain with the company to lead the main brokerage services under Ripple.
