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Ripple's Hidden Road Deal: Can $11T in Daily Volume Push XRP to $20?

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Summary
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72% Informative

Ripple's recently acquired Hidden Road , a prime brokerage firm, is now part of the Fixed Income Clearing Corporation (FICC) Hidden Road will use Ripple ’s infrastructure, like the XRP Ledger, or even the token, for settlements.

XRP trades today around $2.45 with a 58 billion in circulating supply and a 24-hour volume of $3.6 billion .

A “Ripple + $ 11 T” narrative could easily trigger a 2021 -like rally in the short term.

However, the real price driver would be the network effects as a result of using XRP and the XRP Ledger.

In 2021 , Bitcoin ’s institutional adoption due to ETF approval pushed it to $ 69 K and it currently trades around $112K.

VR Score

63

Informative language

55

Neutral language

53

Article tone

formal

Language

English

Language complexity

35

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not offensive

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not hateful

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Time-value

medium-lived

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