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Cryptocurrencies, News

XRP News Today: Is Ripple’s $4B Acquisition Push About to Change Crypto Forever?

By Ethan Clarke

Cryptocurrency is a high-risk asset, and investing can result in loss. This content is for information only, not financial advice.
XRP News Today (Nov-6)

Ripple seems to be on a steady path to a major growth phase. It is what we could understand from Ripple’s president, Monica Long’s statement regarding Ripple going public. According to Long, the company is currently going through a fortunate phase where it is planning to expand its corporate base.

Will Ripple’s careful approach to institutionalization and acquisitions take it to new heights? We will try to understand what happened with Ripple today.

XRP (Ripple) is on an Acquisition Run

With Ripple’s top-tier management making clear statements regarding the company’s plans ahead, it has become obvious that Ripple is no longer working under the pressure of a timeline. To many industry experts, this move seemed counterintuitive as XRP is not performing at the peak it was expected to.

However, Ripple’s top management seems to be moving with clear ideas and goals. Ripple has recently spent a total of four billion US dollars to acquire various ventures that will allow Ripple to expand its operational capabilities.

With the most recent announcement that points towards Ripple’s acquisition of Custody Infrastructure Firm Palisade, the acquisition phase seems to be in full swing.

This is happening at a time when Ripple has already purchased a stablecoin payments platform, Rail, and a prime brokerage firm called Hidden Road.

According to Long, these acquisitions have broadened XRP’s footprint and Ripple’s customer base.

It is with a certain vision that Ripple is operating at the moment, it seems. These broad-level acquisitions bring Ripple closer to institutional investments; however, crypto enthusiasts and critics are a little worried about XRP since such acquisitions require more centralized control, and that could make it lose its decentralized status.

Can Ripple’s RLUSD Credit Card Spark a Comeback for XRP?

The RLUSD is the native US dollar-tethered stablecoin issued on the Ripple network. By partnering with Mastercard, Ripple is planning to launch a credit card that uses RLUSD as the base currency.

The purpose of this integration is fast and secure transactions over borders within the blink of an eye. Ripple has, from the very beginning, focused on the speed of transactions and their security. An additional yet important feature of transactions over the Ripple network is the cost of the transaction; Ripple aims to keep it the lowest in the industry.

The RLUSD Credit Card will feature a blockchain-based settlement for an extra layer of security. This program is in its testing phase as Ripple is trying to see whether a regulated stable coin can actually replace the US dollar at established financial institutions like Banks.

If the program gets a complete green flag, it could change the future of XRP. The present market, which seems to be highly swinging between highs and lows, could give way to a more bullish outcome. This is primarily because of the institutional adoption. Such a level of corporate governance will make the entry of XRP ETFs into the scene easier and more feasible.

XRP Derivatives Debut in the UK: A New Chapter for Traders

Ripple’s partnership with Gemini seems to be yielding rewards already. The American-based company Gemini has released a futures instrument for traders from the UK. The instrument is licensed under the laws of Malta.

This futures position allows traders to go long or short on XRP with up to 100 times leverage. These futures positions are perpetual as they have no fixed expiry date.

This addition to Gemini’s growing list of cryptocurrencies adds much hope to XRP. The added liquidity from Gemini’s futures market could have significant effects on XRP’s price. XRP could recover from major downfalls and stabilize itself before new launches, and from there could skyrocket.

Conclusion

With planned acquisitions and partnerships, Ripple seems to be cooking up a formula for long-term success. The partnership with Gemini is already benefiting XRP, and that with Mastercard is under the testing phase.

With growing institutional recognition and building stronger partnerships, Ripple is strengthening its core. Ripple’s four billion US dollars of acquisitions have given it a better foothold, as the company is now able to expand its customer base.

With more partnerships and acquisitions in mind, Ripple is seriously chasing their dream of taking over the entire fintech sector. With cross-border payments becoming common by the day, Ripple’s share of the market could mean that XRP would poses a serious threat to Solana and even Ethereum.

Also Read: XRP Price Prediction 2025-2030

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