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Ripple’s prime brokerage platform adds support for decentralized exchange Hyperliquid

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Ripple’s prime brokerage platform adds support for decentralized exchange Hyperliquid

Ripple has announced that its institutional prime brokerage platform, Ripple Prime, now supports the decentralized derivatives trading protocol Hyperliquid.

The integration gives Ripple Prime clients access to Hyperliquid’s onchain perpetuals liquidity while keeping margin and risk managed inside Ripple Prime. The company said clients will be able to cross-margin decentralized finance derivatives exposures, alongside positions in other markets the platform supports.

Ripple Prime currently supports traditional assets that include FX, fixed income, over-the-counter swaps, and more. The platform acts as a single point of access for institutions managing multi-asset portfolios, offering centralized risk management and capital efficiency, Ripple said.

The integration builds on growing interoperability in the space. Earlier this year Flare, a blockchain focused on interoperability, launched the first XRP spot market on Hyperliquid with the listing of FXRP. Ripple’s announcement focuses on derivatives access through Ripple Prime rather than retail spot trading.

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Hyperliquid has drawn attention over its rapid growth to become the largest perpetual contracts decentralized exchange. As of mid-January, it had surpassed $5 billion in open interest and $200 billion in monthly trading volume, outpacing several rival exchanges.

Its recent surge in tokenized commodity trades, including silver futures, has attracted interest in the space and helped its HYPE token outperform during the ongoing selloff. The platform is also eyeing prediction markets.

Ripple launched its Prime platform in late 2025 following its $1.25 billion acquisition of prime brokerage firm Hidden Road.

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Crypto World

Solana Price Charts Are Hinting at a Potential Rally Toward $110 Next

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Solana Price Charts Are Hinting at a Potential Rally Toward $110 Next

Solana’s SOL (SOL) has rallied 10% over the past 24 hours, rising to an intraday high of $86 on Wednesday.

The recovery was accompanied by a leap in futures activity, with SOL’s open interest rising by more than 5% to $5.27 billion.

Analysts are now focusing on the short-term technical setup and fundamental indicators that may signal a major turning point for SOL.

Key takeaways:

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  • SOL price has risen 10% in 24 hours, fueled by bullishness in the broader market and Solana ETF inflows.

  • Solana’s symmetrical triangle breakout targets $110 SOL price.

SOL recovers with the crypto market

The SOL/USD pair rose as much as 13.6% to $86 on Wednesday from a two-week low of $75 on Tuesday, amid a marketwide recovery.

Bitcoin (BTC), the market leader, was trading at $66,800 at the time of writing, up 5% over the 24 hours. Second-placed Ether (ETH) has gained about 8% on the day to trade just above $1,990. XRP (XRP) has also posted significant daily gains among the top 10 cryptocurrencies, up 6% over the same period.

As a result, the global crypto market capitalization is up 4% on the day to $2.28 trillion on Wednesday.

Performance of top-cap cryptocurrencies: Source: CoinMarketCap

Solana’s surge today is accompanied by significant short liquidations totaling $15.4 million over the last 24 hours, signaling intense demand-side pressure.

The buyers were also US-based spot Solana ETFs, which have recorded $40 million in net inflows since Feb. 9.

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Spot Solana ETFs flows table. Source: Farside Investors

The growing demand-side pressure that could push SOL prices higher when coupled with increased inflows from global Solana investment products and buying by whales.

Cryptocurrencies, Markets, Price Analysis, Tech Analysis, Market Analysis, Altcoin Watch, Solana, ETF
Source: Lookonchain

SOL’s symmetrical triangle breakout targets $110

Data from TradingView shows SOL price breaking above a symmetrical triangle on the six-hour time frame, as shown in the chart below.

The price needs to close above the 100-day simple moving average (SMA) at $86 to sustain the upward momentum.

The measured target of the prevailing pattern, calculated by adding the height of the triangle to the breakout point, is $110, coinciding with the 50-day SMA. This represents a 28.5% rally from the current levels. 

SOL/USD 6-H chart. Source: Cointelegraph/TradingView

As Cointelegraph reported, a daily candlestick close above the 20-day EMA, currently at $88, would open the way for a rise toward $95 and later to $117. 

Glassnode’s realized price distribution data for Solana shows limited historical buying activity above $85, suggesting that the bulls could easily break this resistance.

In other words, there are relatively few SOL holders with a cost basis above this zone, reducing the chances of sellers stepping in decisively until the price reaches higher supply zones. 

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The next significant resistance sits at $115, where approximately 22 million SOL were previously acquired.

SOL: UTXO realized price distribution (URPD). Source: Glassnode