Ripple spent $250 million on an acquisition during a bear market to expand into crypto custody services. The company holds massive amounts of XRP and stands to gain enormously if the token's price rises to $10.
Ripple just bought another company for $250 million in the middle of the bear market. Let that sink in. They are positioned perfectly to succeed in the coming years. And because Ripple is a centralized company investing in XRP, which is a decentralized cryptocurrency, they want to see XRP succeed as well. They want to see the XRP price go to $10 because it would enrich the Ripple company because they personally hold a bunch of XRP. They're personally invested in it. So they've been working hard at Ripple doing things to help the environment make XRP succeed. So they do certain things that make it easier for XRP to succeed. But they really just dropped $250 million in the middle of a bull market to acquire a new company and expand into crypto custody.
