HomeCryptocurrencyXRP In The Wall Street Journal and Breakout Price Target

XRP In The Wall Street Journal and Breakout Price Target

The Wall Street Journal published a piece on Ripple, and Digital Asset Investor (@digitalassetbuy) highlighted it in a recent video.

The article described how Ripple “has expanded into nearly every corner of the crypto industry from stablecoins to asset custody” and is now “edging into Wall Street terrain.” That is a significant statement from one of the most established financial publications in the world.

The Journal reported that Ripple has “emerged as a serious player in providing swap financing to leveraged ETFs.” The explosive growth of leveraged and highly concentrated ETFs is bringing new counterparties like Ripple into the fold.

Digital Asset Investor connected this to his long-held position that “the reason we’ve been following Ripple and XRP all this time is that they’ve been laying bigger plans than everybody else.”

Prime Brokerage and Institutional Expansion

Ripple’s $1.25 billion acquisition of Hidden Road put the company in direct competition with Wall Street banks. Ripple now earns prime brokerage fees on leveraged equity trades. That is a material shift in what the company represents to institutional markets.

Paxos has also added XRP support, giving partners access through “the same regulated platform trusted by some of the biggest names in finance.” XRP currently sits across 8.1 million wallets with a market cap of nearly $95 billion.

More Major Developments

Ripple Custody added Canton Network support, letting institutions hold and transfer Canton assets alongside their other digital assets. South Korea’s Merit Securities is also partnering with Ripple to explore tokenization for the country’s capital markets. Digital Asset Investor noted that XRP would be a primary liquidity pair on the XRP Ledger.

The $1.49 Breakout Level

Digital Asset Investor cited an analyst who is a Bitcoin supporter with no particular interest in XRP. The analyst stated that XRP would break out after overcoming resistance at $1.49.

XRP traded at $1.39 when he made the video, putting the breakout level just above it. Digital Asset Investor has called for a move, stating, “I think this thing could go off on a minute’s notice.”

Real World Asset Tokenization as a Price Driver

A Charles Schwab director argued that tokenization creates demand for “underlying tokens that support these ecosystems” independent of Bitcoin’s price action. Digital Asset Investor applied that directly to XRP: more assets tokenized on the XRP Ledger means more liquidity moving into or through XRP.

The XRP Ledger currently leads all networks in real world asset net flows year to date. Matt Hougan of Bitwise called this “the dawn of the institutional era.” Digital Asset Investor believes XRP is at the center of everything being built.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.


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Solomon Odunayo
Solomon Odunayo
Solomon is a trader, crypto enthusiast, and analyst with over seven years of experience in the industry. He strongly believes that crypto assets and the blockchain will continue to gain prominence. At TimesTabloid.com, he focuses on news, articles with deep analysis of blockchain projects, and technical analysis of crypto trading pairs.
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