Ripple’s Hidden Road Deal: Can $11T in Daily Volume Push XRP to $20?

Ripple’s acquisition of Hidden Road gives it access to FICC that clears roughly $11 trillion in volume daily. With the SEC’s recent change to how these entities handle clearing and settlement, Ripple’s blockchain, its token and recently introduced RLUSD stablecoin are in the spotlight. If XRP captures a portion of this $11 trillion daily volume, will it impact its price? If so, by how much? Let’s explore.

Ripple’s Hidden Road Acquisition: A Game-Changer for XRP?

Ripple’s recently acquired Hidden Road, a prime brokerage firm, is now part of the Fixed Income Clearing Corporation (FICC). Uncovered by a community member, Matthew, this development has sent shockwaves through the crypto markets, especially Ripple enthusiasts. With $11 trillion in daily clearing volume processed by the FICC’s Government Securities Division (GSD) in 2025, the big question is – could this institutional demand push the token to $20 or higher?

XRP trades today around $2.45 with a 58 billion in circulating supply and a 24-hour volume of $3.6 billion.

$11 Trillion in Daily Volume – The Hidden Road Factor

Hidden Road’s integration into Ripple’s institutional payment infrastructure is monumental due to a few reasons:

• The FICC’s GSD handles Treasury bonds, repos, and other securities, making it one of the largest financial clearinghouses in the world. In Q1 2025, DTCC’s FICC experienced record volumes of over $11 trillion in transactions.
• Hidden Road will use Ripple’s infrastructure, like the XRP Ledger, RLUSD stablecoin or even the token, for settlements.
• If even 1% of $11T ($110B daily) flows through XRPL leveraging XRP, its impact on the token will be massive.

What if Ripple Uses XRP to Handle Hidden Road’s Transactions?

It would be physically impossible to use XRP to handle Hidden Roads transactions. Assuming the token is used to settle $1T daily volume, then the required number of coins would be 408 billion. The maximum supply is 100 billion, which is beyond the scope.

How XRP Price Could React to Using RLUSD

Here are three scenarios to explore if Hidden Road uses RLUSD stablecoin to settle transactions on the XRP Ledger. Every single transaction costs a small fee, and that fee is burned. The same would be the case for using RLUSD to settle massive institutional transactions.

Scenario 1: A Minimal Adoption, Captures 1% of $11T Volume

• Assuming a $1M average size for a daily volume of $1 trillion. This would bring the total trades to roughly ~110,000.
• XRP burned per day would be roughly 1.1, i.e., 110,000 trades multiplied by 0.00001 XRP burned per transaction, would result in burning 1.1 tokens daily, which is negligible.
• The impact of this on the price of XRP would be minimal. But the long-term utility growth could drive demand.

Scenario 2: A Moderate Adoption, Captures 5% of $11T Volume

• In this case, daily transactions would amount to roughly 550,000 trades with about 5.5 tokens burned per day.
• Annually, 2,000 XRP would be burned, again negligible compared to XRP’s 58B circulating supply.
• Increased XRPL usage could attract institutional liquidity, pushing XRP toward the $10–$15 mark.

Scenario 3: Heavy Adoption Captures Greater Than 10% of $11T Volume

• In this highly optimistic case, the daily transactions would be a little over 1M.
• This would lead to the burning of 10 tokens daily. Annually, this would be around $9,000 worth of tokens at the current price of $2.50, which is still negligible.
• In this case, investors need to focus on the network effects rather than the tokens burned. If banks and hedge funds adopt XRPL, demand for XRP as a bridge currency could surge. In this case, the price target for XRP would be $20 and higher.

Why $20 XRP is Possible?

As noted above, the fee burn mechanism alone won’t drastically reduce supply enough to cause a meaningful impact on the price. However, the real price driver would be the network effects as a result of using XRP and the XRP Ledger.

• Institutional Demand: More players using XRPL means higher XRP liquidity needs.
• Supply Constriction: Even small burns add up over 5–10 years.
• Speculative Hype: A “Ripple + $11T” narrative could easily trigger a 2021-like rally in the short term.

A triple-digit rally is not unheard of for XRP or the cryptocurrency ecosystem. For example, in 2017, XRP surged from $0.006 to $3.30 on speculation alone. In 2021, Bitcoin’s institutional adoption due to ETF approval pushed it to $69K and it currently trades around $112K.

To conclude, if Hidden Road’s volume translates into XRPL usage, a $20 target is feasible. However, this journey is not without hurdles.

Potential Roadblocks

• Regulatory Uncertainty: Although the SEC’s lawsuit on Ripple has formally been dropped, regulation still remains a sticky scenario for crypto projects. 
• As noted above, using RLUSD to settle Hidden Road’s transactions would reduce the XRP’s utility growth. In this case, investors can only rely on network effects to push XRP price higher.
• Macroeconomic Factors: Due to the increasing institutional investments, crypto market has become sensitive to macroeconomic policies and global liquidity cycles. A sudden bear market could delay gains for XRP investors.

Conclusion: When Could XRP Hit $20?

If Ripple successfully integrates Hidden Road’s volume into XRPL,

• A short-term outlook would extend from 2025 to 2026. In this case, a moderate $5–$10 range is the target for XRP price, driven purely by speculative hype.
• On the other hand, a long-term outlook spanning from 2027 to 2030 could see XRP price hit $20 and grow beyond. However, this outlook is contingent on network effects and that XRP and XRP Ledger become a standard for institutional settlements.

To conclude, the $11T opportunity that Ripple has via Hidden Road is real, but XRP is likely to take a backseat in the short term. The token needs mass adoption to reach double-digit targets of $10 or $20.