"Ripple Prime has tripled in size since its acquisition, with client collateral doubling and average daily transactions climbing past 60 million, showcasing significant growth in the institutional market."
"Ripple raised $500 million at a $40 billion valuation, with substantial capital injections into Ripple Prime, indicating strong investor confidence and a commitment to expanding the platform's capabilities."
"Despite Ripple Prime's success and a BBB investment-grade rating, XRP's price has not responded positively, reflecting a weaker correlation between Ripple's internal developments and XRP's market value."
Ripple has rebranded Hidden Road as Ripple Prime, which has tripled in size and become profitable since the acquisition. Ripple Prime now processes over 60 million daily transactions and has received a BBB investment-grade rating, attracting institutional clients. Despite these advancements, XRP's price has decreased from over $2 to $1.38, indicating a disconnect between Ripple's internal developments and XRP's market performance. Factors such as a small XRP burn rate have contributed to this lack of momentum.
Read at 24/7 Wall St.
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