Ripple Just Sealed One of the Biggest Deals of the Year, But XRP Price Barely Moves

The XRP price recorded a modest gain on Wednesday following reports that Ripple had secured one of the biggest deals of the year, catapulting the network to a $40 billion valuation. This capital infusion arrives amid Ripple’s fast expansion, marked by six major acquisitions in just over two years and a strong institutional presence. Record Valuation Fuels Ripple’s Institutional Ambitions Ripple announced that it had secured a $500 million strategic investment led by Fortress Investment Group and Citadel Securities. This funding round highlights significant institutional confidence in the blockchain payments company source: https://beincrypto.com/ripple-500m-investment-40b-valuation-institutional-expansion/