Ripple's Hidden Road Secures FINRA License, Expands into Traditional Finance

Ripple has achieved a significant regulatory milestone with its newly acquired subsidiary, Hidden Road, securing a broker-dealer license from FINRA. This regulatory approval enables Ripple to extend its services into traditional financial markets, offering a compliant prime brokerage solution. The acquisition of Hidden Road for $1.25 billion has proven to be a strategic investment, equipping Ripple with the necessary tools to service institutional clients in fixed-income markets. Noel Kimmel, the president of Hidden Road, emphasized the importance of this license, describing it as a "pivotal development" in Ripple's broader strategy.

Analysts interpret this regulatory approval as a key component of Ripple's long-term strategy to build financial infrastructure quietly, despite the ongoing lawsuit with the SEC. The subdued price action of XRP, currently trading near $2, is seen as intentional, allowing Ripple to operate under the radar while positioning itself for a potential revaluation. Social media analysts have noted that Ripple is playing a strategic game, focusing on regulatory compliance and infrastructure development rather than short-term price movements.

The latest development is viewed as more about positioning than immediate price impact. With the infrastructure now in place, Ripple is poised for a larger market move, potentially catching traditional financial institutions off guard. This strategic maneuvering underscores Ripple's commitment to dominating traditional finance, leveraging its regulatory compliance and institutional services to drive growth.

On April 17th, the XRP price experienced some volatility, starting the trading day with bearish sentiment. However, a golden cross around 03:50 UTC triggered a mild rally, which gained strength around 05:40 UTC as the RSI signaled an overbought zone. By 12:25 UTC, XRP reached resistance at $2.1146 before momentum slowed. Later in the day, signs of fatigue emerged, with a death cross on the MACD at 14:35 UTC and another at 19:20 UTC pushing the price downward. By early April 18th, XRP dropped further, reaching a support level at $2.0434 around 01:00 UTC. The price has since moved within a tighter range, suggesting market indecision.

According to analysts' forecasts, if bulls regain control and volume picks up, XRP could break above $2.1146 and retest the $2.20 level. On the flip side, if selling resumes and support fails at $2.0434, the next major target could lie near $1.90. This strategic positioning by Ripple, focusing on regulatory compliance and institutional services, sets the stage for a potential breakthrough in the global financial system, with XRP poised to be the driving force.