"Ripple's prime brokerage arm, Ripple Prime, has seen its revenue triple since the acquisition of Hidden Road, which clears around $3 trillion annually for over 300 institutional clients. This acquisition is a key driver of Ripple's record performance in Q1 2026."
"Despite Ripple's impressive business metrics, the XRP price has not reflected this success, dropping 23.7% in the same quarter. This disconnect raises questions about the factors influencing token prices compared to company revenue."
"Ripple's valuation surged to $50 billion following a $750 million share buyback, marking a significant increase from its previous $40 billion valuation. This growth occurred during a period when the broader crypto market faced substantial losses."
Ripple CEO Brad Garlinghouse announced a record first quarter, with prime brokerage revenue tripling and total processed payment volume exceeding $100 billion. Despite this success, XRP's price fell 23.7% to around $1.34. Ripple's growth is attributed to significant acquisitions, including Hidden Road and GTreasury, which have driven revenue increases. Ripple's valuation rose to $50 billion, aided by a share buyback. Garlinghouse emphasized XRP's central role in Ripple's strategy, aiming to enhance its utility and integration within the company's products.
Read at 24/7 Wall St.
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