Teucrium Investment Advisors LLC is set to launch the first-ever XRP-based exchange-traded fund (ETF) in the U.S. on April 8.

Ripple said on Tuesday it will acquire prime brokerage firm Hidden Road for $1.25 billion, marking one of the largest deals in the digital assets industry as the company deepens its push into institutional finance. The acquisition will see Ripple become the first cryptocurrency company to own and operate a global, multi-asset prime broker.

Popular cryptocurrency XRP is going through some major trading action as it faces the second consecutive test of its 200-day moving average on the daily time frame. The key support level, marked by the fat red line on the chart below, is proving pivotal for the asset's ability to hold above.

Ripple today announced the acquisition of Hidden Road for $1.25 billion, one of the largest deals in the digital asset industry. Ripple's acquisition makes it the first cryptocurrency company to own and operate a global, multi-asset prime broker.

Ripple is acquiring Hidden Road in a $1.25 billion deal, marking the second billion-dollar-plus acquisition involving a crypto company this year—following FTX's $1 billion purchase of BlockFi. Ripple (XRP) is acquiring prime brokerage firm Hidden Road for $1.

Will the first U.S XRP ETF boost the altcoin's weak market sentiment?

XRP has faced a challenging decline over the last 48 hours, falling below the $2.00 support level.

Ripple CEO Brad Garlinghouse claims that the crypto industry is "at an inflection point for the next phase of digital asset adoption."

Long also spoke about the company's most recent deal from today.

Ripple said Tuesday it has agreed to acquire Hidden Road for $1.25 billion, marking the crypto firm's largest acquisition to date and one of the biggest deals in the digital assets sector.

Among other things, the deal is expected to strengthen Ripple's stablecoin ambitions.

Ripple has made a major power moves as it agrees to acquire one of the fastest-growing prime brokers. This landmark deal makes Ripple the first crypto company to fully own and operate a global, multi-asset prime brokerage platform. It announced acquiring Hidden Road for $1.

Prominent on-chain data aggregator Glassnode has published a report about the results of measuring the supply in profit metrics applied to major cryptocurrencies that are located mostly on the top 10 and top 15 lists.

Tuesday, April 8, is set to feature a rather unusual development as a brand new XRP exchange-traded fund (ETF) is scheduled for listing on the NYSE Arca exchange.

In a major XRP news, crypto firm Ripple has announced plans to acquire prime broker Hidden Road for $1.25 billion. The XRP price surged on the back of this announcement, with the deal one of the largest in the crypto industry.

The New York Stock Exchange paved the way for a double-leveraged ‘high conviction' XRP ETF.

Blockchain-based payments network Ripple announced it has acquired crypto-friendly prime broker Hidden Road following its win in a long-running battle with securities regulators in the United States.Ripple is acquiring Hidden Road in a $1.25 billion deal, one of the largest-ever acquisitions in the crypto industry, the company officially announced on April 8. With Hidden Road's $3 trillion clearing across more than 300 institutions, Ripple is set to become the “first crypto company to own and operate a global, multi-asset prime broker,” which is anticipated to become the “largest non-bank prime broker globally,” the announcement notes.

TL;DR Historic ETF Launch: Teucrium debuts the first leveraged XRP ETF (XXRP) on NYSE Arca, offering 2x daily XRP performance. XRP Price Boost: XRP surged 9% to $1.95 upon the ETF's launch, reflecting strong market enthusiasm. Investor Impact: The leveraged product signals growing confidence in XRP, paving the way for potential future spot ETF approvals.

Major cryptocurrencies plunged to multi-month lows today as investors sold off digital assets amid broader market concerns. XRP fell to $1.65, Bitcoin dropped to $74,100, and Ethereum crashed to $1,390 in what analysts are calling a significant market correction.

Standard Chartered on Tuesday forecasted that XRP's (CRYPTO: XRP) market capitalization will overtake Ethereum's (CRYPTO: ETH) by the end of 2028, positioning XRP as the second-largest non-stablecoin digital asset. What Happened: The bold prediction, made by Geoffrey Kendrick, head of digital assets research at Standard Chartered, highlights XRP's growing role in cross-border payments amid shifting market dynamics.

Ripple has signed a $1.25 billion agreement to acquire Hidden Road, a global prime brokerage platform. The deal marks one of the largest mergers in the crypto space and signals Ripple's expansion into institutional finance infrastructure.

In a market frequently influenced by hype and speculation, cryptocurrency investors are beginning to consider alternatives to the popular coins, such as Solana (SOL), Cardano (ADA), XRP, and Dogecoin (DOGE). They are looking for other projects that offer utility and have growth potential.

XRP is uniquely positioned at the heart of of cross-border payments, the report said.

Ripple's acquisition of Hidden Road could accelerate digital asset integration with traditional finance, enhancing market maturity and innovation. The post Ripple is acquiring crypto-friendly prime broker Hidden Road in $1.25 billion blockbuster deal appeared first on Crypto Briefing.

Ripple said on Tuesday it will buy multi-asset prime broker Hidden Road in a $1.25 billion deal, making it one of the largest acquisitions by the crypto company.

San Francisco-based blockchain company Ripple has announced that it acquiring Hidden Road for a staggering $1.25 billion.

Teucrium Investment Advisors has launched the first-ever leveraged exchange-traded fund (ETF) tied to XRP in the United States. The fund, officially titled the Teucrium 2x Long Daily XRP ETF, will begin trading today on NYSE Arca under the ticker XXRP.

XRP's price action, Open Interests and whale sell-off supported a further drop for the altcoin.

Stellar is stealthily taking centerstage on the blockchain activity front while XRP continues to struggle with price volatility and major technical breakdowns. Despite a stagnant and declining price performance, recent data indicates that XLM is experiencing a notable uptick in on-chain operations, outpacing XRP in terms of sheer transaction volume.

Ripple has notably declined due to escalating tariff wars, breaking below the crucial 200-day moving average at $1.8. However, the price still faces a key support zone, and if this level is breached, the asset could experience a substantial downturn.

Glassnode data has confirmed that more than 80% of TRX and XRP holders are currently in unrealized profits despite the market crash.

The cryptocurrency market is about to witness a major milestone as Teucrium Investment Advisors is making history with the first-ever 2x leveraged XRP ETF in the U.S. Meanwhile, it is set to trade under XXRP on NYSE Arca from April 8, this ETF offers investors twice the daily returns of XRP.

Leading altcoins $XRP, $ADA, and $SUI have all come back to major support. Will this support hold, and can these altcoins bounce back?

XRP rebounds 20% after ETF launch, but bearish patterns and on-chain data warn of a potential 38% crash. Here's what's next for Ripple's token.

The Ripple token (XRP) is the biggest gainer today, as the price surged multiple folds amid the XRP ETF hype. Despite the high volatility, legal battles, and crypto market downtrend amid the tariff chaos, the Asset manager Teucrium Investment Advisors is set to launch the first ever XRP-based exchange-traded fund in the US markets.

Teucrium debuts the first 2x leveraged XRP ETF, trading under the ticker XXRP. XXRP aims to deliver twice the daily returns of XRP using swap agreements.

Bitcoin (BTC 3.23%) is the king of cryptocurrencies, but that does not guarantee it will outperform other crypto assets, especially not in a relatively short time, like a year and a half or so. As smart a purchase as it is, it simply doesn't have that many catalysts that will drive major growth immediately.

XRP has tumbled nearly 50% since January, sliding from a high of $3.80 to as low as $1.60, mirroring the broader market's retreat amid mounting global tensions.

The New York Stock Exchange (NYSE) has approved listing a new exchange-traded fund (ETF) tied to XRP. The Teucrium 2x Long Daily XRP ETF (XXRP) will launch on April 8 and aims to deliver twice the daily performance of XRP using swap contracts.

Ripple's token is testing key support as global markets shake from tariff war fears. Can it hold above $1.84, or is a drop to $1.50 coming next?

Ripple and BCG forecast a multi-trillion-dollar tokenization market and Franklin Templeton backs Cap's new interest-bearing stablecoin platform.

XRP has rebounded to $1.86, up 11% from a recent low, following the approval of Teucrium's 2X Long Daily XRP ETF.

Teucrium breaks convention by launching a 2x leveraged XRP ETF before any spot product gets approved, a first in crypto ETF history.

Teucrium launches first US XRP ETF - a 2x leveraged fund trading on NYSE Arca - while spot XRP ETF applications await SEC approval.

There is a growing clamor for XRP ETFs and futures products on the mainstream financial market. This is a major shift from four years ago, when the securities status of the third-largest digital currency was a legal and regulatory dispute.

XRP is facing heavy pressure as the crypto market continues its downtrend. After Bitcoin fell below $80K, XRP's Open Interest dropped sharply from $3.22 billion to $2.83 billion, showing that many investors are exiting the market.

With AI, the multichain AI-powered NFT platform, has announced that it has also integrated the crypto XRP. Now, users can create and transfer their NFTs on XRP Ledger more efficiently, benefiting from real-time Artificial Intelligence that automates metadata management and contract logic. The AI-powered multichain NFT platform, Colle AI , seems to have also integrated the crypto XRP into its ecosystem.

Teucrium is launching the first-ever XRP Exchange-Traded Fund (ETF) in the United States tomorrow. This new fund, called the Teucrium 2x Long Daily XRP ETF, is designed to give investors a way to make money from XRP's price movements—specifically, it aims to deliver twice the daily price performance of XRP for just one day.