Key Takeaways
- • Ripple Prime has taken Brevan Howard, a $35 billion hedge fund, on as a prime brokerage client covering trading, clearing and financing, according to 24/7 Wall St. as cited in the primary source.
- • Ripple Prime was built after Ripple acquired Hidden Road for $1.25 billion, and the fund's partners had joined Ripple's $500 million raise the previous November.
- • A Korean broker, Meritz, also signed on to test Ripple's tools, per a Yahoo Finance report dated October 7.
- • XRP traded near $1.36 two days after the October 6 deal, down about 9% for the week, and was near $1.37 on October 12, per Blockchain.News.
- • The source article is a paid promotional press release for the Pepeto presale; its token claims, staking yields and price projections are unverified marketing and are not endorsed here.
Summary
Ripple Prime has signed Brevan Howard, a $35 billion hedge fund, as a prime brokerage client on October 6, 2026. According to 24/7 Wall St., as cited in the primary source, the arrangement covers trading, clearing and financing. Ripple Prime is the broker arm Ripple built after acquiring Hidden Road for $1.25 billion.
The source notes that partners at Brevan Howard had joined Ripple's $500 million fundraising round the previous November, which the article presents as a sign of an existing relationship. Yahoo Finance reported on October 7 that Korean broker Meritz also agreed to test Ripple's tools.
The deals have not translated into price strength for XRP. The token traded near $1.36 two days after the Brevan Howard announcement, down about 9% for the week. As of October 12, XRP was trading near $1.37, according to Blockchain.News. CaptainAltcoin identified $1.43 as the first resistance level, and CoinDCX set a $1.53 target for the week on October 7. CoinCentral placed monthly support at $1.29 to $1.31 and resistance at $1.55 to $1.67. Ripple's Swell event is scheduled to begin October 27.
The primary source is a paid promotional release for the Pepeto presale, which promotes a token and an exchange, PepetoSwap. Its claims about zero-fee swaps, staking yields of 161% APY, presale totals above $11.2 million, and 100x to 300x price projections are company assertions and are not independently verified. The release also contains a disclaimer that the content is not personalized financial guidance. Readers should weigh the XRP-related facts above separately from the promotional material.
The source notes that partners at Brevan Howard had joined Ripple's $500 million fundraising round the previous November, which the article presents as a sign of an existing relationship. Yahoo Finance reported on October 7 that Korean broker Meritz also agreed to test Ripple's tools.
The deals have not translated into price strength for XRP. The token traded near $1.36 two days after the Brevan Howard announcement, down about 9% for the week. As of October 12, XRP was trading near $1.37, according to Blockchain.News. CaptainAltcoin identified $1.43 as the first resistance level, and CoinDCX set a $1.53 target for the week on October 7. CoinCentral placed monthly support at $1.29 to $1.31 and resistance at $1.55 to $1.67. Ripple's Swell event is scheduled to begin October 27.
The primary source is a paid promotional release for the Pepeto presale, which promotes a token and an exchange, PepetoSwap. Its claims about zero-fee swaps, staking yields of 161% APY, presale totals above $11.2 million, and 100x to 300x price projections are company assertions and are not independently verified. The release also contains a disclaimer that the content is not personalized financial guidance. Readers should weigh the XRP-related facts above separately from the promotional material.
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