Ripple’s Hidden Road Secures Broker-Dealer License, Expanding XRP Ecosystem Services

Hidden Road, a prime brokerage firm acquired by Ripple Labs, has obtained a critical broker-dealer license from FINRA, marking a strategic expansion of institutional services for the XRP ecosystem.

Ripple Labs’ Acquisition Hidden Road Bags New Operating License

Hidden Road, a prime brokerage firm now owned by Ripple Labs, has been approved to operate as a broker-dealer by the Financial Industry Regulatory Authority. This license allows the company to expand its services to larger clients, including prime brokerage, clearing, and financing for fixed-income assets. According to the company’s President, Noel Kimmel, this approval is an important step in building their platform and enables them to work with a wider range of customers than before.

XRP Outperforms Ethereum for First Time in Over Five Months

XRP has outperformed Ethereum for five consecutive months, starting with a 160.4% gain in November. The token saw $3.4 million in weekly inflows, while Ethereum recorded $37.6 million in net losses. Investor Davinci Jeremie predicts Ripple’s token could hit $24 in 2025, marking a 1,042% increase. This sudden change has brought renewed attention to XRP, which had regularly underperformed against Ethereum between 2015 and 2024.

XRP Beats Ethereum for 6 Months Straight – Will XRP Become Next Largest Altcoin?

Ripple’s XRP has been outperforming Ethereum in price growth for the past six months. This surge in price has left many wondering what’s driving this success and how long it will take XRP to surpass Ethereum in market cap. Since the beginning of the Ripple vs SEC lawsuit, XRP’s price has seen significant fluctuations, dropping from $3.39 to as low as $0.10. However, it has managed to bounce back and reached $3 again after Ripple almost secured a win in the lawsuit.

Stars Align For XRP Explosive Rally As Court Pauses Ripple vs. SEC Appeal

The United States Court of Appeals for the Second Circuit has temporarily suspended the appeal proceedings in the SEC-Ripple case. Both parties are working on finalizing a $50 million settlement agreement, positioning XRP for a historic regulatory win and market resurgence. Circuit Judge José A. Cabranes granted a joint motion filed by the Securities and Exchange Commission and Ripple, putting the appeal on hold until further notice. The court will not continue with any rulings or arguments until the pause is lifted, with the SEC having two months to file a status report updating the court.