XRP Gains on Ripple Expansion And SEC Vote Speculation
Posted On May 8, 2025
XRP rose 3.27% on Thursday to $2.21, marking a rebound from earlier losses. The token is down 1.2% over the past week but is up 13% on the month as Ripple-driven developments and regulatory signals continue to influence investor sentiment.
The prime brokerage firm Hidden Road, which Ripple agreed to acquire for $1.25 billion last month, announced it will open a new office in Abu Dhabi. The expansion follows the firm receiving in-principle approval from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM).
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James Stickland, a partner at Hidden Road and former CEO of Elwood Technologies, will …
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