Ripple Expands Institutional Crypto Services with U.S. Spot Prime Brokerage for XRP and RLUSD

Ripple has taken a significant step in expanding its institutional cryptocurrency services by launching spot prime brokerage in the United States. This new offering allows institutional clients to trade major digital assets, including XRP and Ripple's newly introduced stablecoin, RLUSD, over-the-counter. Despite ongoing regulatory challenges, Ripple continues to strengthen its position in the crypto market by providing prime brokerage capabilities tailored for institutional investors. This development underscores Ripple's commitment to bridging traditional finance with the digital asset ecosystem, potentially driving further adoption of XRP and other supported cryptocurrencies. The move is particularly noteworthy as it comes at a time when institutional interest in digital assets is growing, and Ripple is positioning itself as a key player in facilitating secure and efficient crypto transactions for large-scale investors.

Ripple Rolls Out U.S. Spot Prime Brokerage for Digital Assets Like XRP

Ripple has launched spot prime brokerage services in the United States, enabling institutional clients to trade cryptocurrencies over-the-counter. The offering includes XRP and RLUSD, Ripple's newly introduced stablecoin, alongside other major digital assets.

The move signals Ripple's continued expansion into institutional crypto services despite ongoing regulatory challenges. Prime brokerage capabilities typically provide clients with consolidated access to liquidity, custody, and trading across multiple venues.

Analyst Compares Current XRP Price to 2016's $0.005 Entry Point

XRP Nation, a prominent commentator within the XRP community, has drawn parallels between the cryptocurrency's current price of $2.50 and its 2016 valuation of $0.005. The analogy suggests that today's entry point may offer similar long-term growth potential as the pre-bull run period seven years ago.

Historical context underscores the comparison: XRP's 2016 price preceded a 75,000% surge during the subsequent market cycle. The commentary implies current prices could represent an analogous accumulation phase before another potential parabolic move.

Single Entity Executes 4,287 Buy Orders to Accumulate 2.735M XRP on Coinbase

A single trader systematically acquired 2.735 million XRP tokens worth $6.8 million through Coinbase, employing a Time-Weighted Average Price (TWAP) algorithm. The entity placed 4,287 buy orders, each for 638 XRP tokens valued at $1,588, within a 45-minute window on October 31.

Coinbase's Cumulative Volume Delta surged to nearly 14 million XRP during the concentrated buying spree. Market analyst Dom highlighted the unusual trading pattern, noting the TWAP strategy's role in executing the large-scale purchase without significant market disruption.

Gemini Hints at Major XRP Development

Gemini, a leading U.S. cryptocurrency exchange, has sparked renewed speculation within the XRP community after posting a cryptic yet bullish message on social media platform X. The exchange's terse announcement suggests imminent developments for the digital asset, though specifics remain undisclosed.

Market observers note such signals from major exchanges often precede listing announcements or institutional integrations. XRP's price has shown increased volatility following the post, reflecting trader anticipation of potential liquidity events.