TL;DR:
- The token reached $1.50, achieving a market capitalization of $91.3 billion amid a bullish rally.
- Ripple announced upgrades to expand XRPL utility in areas such as lending, stablecoin settlement, and tokenized assets.
- The cryptocurrency gained 13% against Bitcoin, standing out on a day marked by generalized weakness in the crypto market.
This Friday, a surprise movement shook the digital financial market as XRP soared nearly 20 percent in just 24 hours. This rally drove the token to touch $1.53, with optimism as the primary driver following technical revelations from Ripple.
Through its blog, Ripple explained how new XRPL functionalities aim to transform the institutional ecosystem. Therefore, daily trading volume scaled to $16.5 billion, reflecting a massive flow of capital into the Ripple ecosystem.
DeFi Integration and Ripple Prime’s Institutional Expansion
In addition to the mainnet optimization, the firm announced that its Ripple Prime platform now offers support for Hyperliquid. This strategic integration allows institutional clients to access on-chain derivatives liquidity, effectively bridging decentralized finance with traditional brokerage services.
In this regard, Ripple Prime’s International CEO, Michael Higgins, stated that this step is vital to providing the efficiency and innovation demanded by large financial entities. By facilitating access to yield generation and a wider range of digital assets, XRP reaffirms its role as a bridge within the banking sector.
In summary, this bullish behavior is especially notable as it occurs while Bitcoin and Ethereum face significant drops in their weekly valuations. In this sense, XRP has not only managed to recover lost ground but is also positioning itself as a liquidity haven against the volatility dominating the rest of the market’s leading cryptocurrencies.
