But has this improved access translated into price action for their native tokens?
Ripple has expanded its institutional prime brokerage offering by adding support for Hyperliquid [HYPE].
This brings the latter into Ripple Prime’s execution network, giving institutional clients a new way to access decentralized perpetual futures markets.
Ripple [XRP] Prime itself is not an exchange.
It operates as a prime broker; a single gateway that allows large trading firms to access multiple markets through one account.
Instead of managing separate exchange accounts and collateral pools, big players can trade across asset classes while centralizing margin, risk management, and reporting.
The platform already connects clients to crypto, FX, fixed income, and Derivatives markets.
Hyperliquid is best known for perpetual futures; trades settle on-chain through smart contracts. While this model appeals to crypto-native traders, institutions without wallet infrastructure or direct DeFi access have struggled to use it.
“…I’m incredibly excited for Ripple Prime clients to be able to tap into this liquidity through a single, secure counterparty.”
XRP showed little sign of upside follow-through after the announcement.
The token continued to trend lower on the intraday timeframe, going deeper into a short-term downtrend with successive lower lows. Any brief attempts at recovery were quickly sold into.
HYPE, meanwhile, fared better at the time of writing. The token saw a modest bounce with price calming after a brief shake, but the move stalled well below recent highs.
While there’s some interest returning at lower levels, it stops short of a bullish response.
