Ripple completed the acquisition of Hidden Road for $1.25 billion in October 2025, creating Ripple Prime, the first crypto company to own and operate a global multi-asset prime broker. The company already clears more than $3 trillion annually for over 300 institutional customers. XRP price has recovered significantly, rising from around $1.10 in early August to nearly $1.44 by mid-September, representing approximately 25% gains. Major holders accumulated over 642 million tokens during the initial rally phase, and a critical US Senate procedural vote on the CLARITY Act scheduled for September 15 is expected to drive volatility. While Ripple CEO Brad Garlinghouse has called XRP the company’s « North Star, » Ripple Prime’s multi-asset model means XRP is no longer the only asset central to the company’s institutional strategy.
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