Hyperliquid briefly moved above the $35 level, signaling a watchpoint for traders as it struggles to stay consistently above that threshold.

Hyperliquid is described as the largest perpetual contracts DEX, with over $5 billion in open interest and about $200 billion in monthly trading volume as of mid-January.

Ripple Prime is expanding its platform to integrate Hyperliquid, giving institutional clients access to on-chain derivatives liquidity and cross-margin DeFi positions across Ripple Prime assets.

Ripple Prime currently covers traditional assets—foreign exchange, fixed income, and over-the-counter swaps—providing a single gateway for multi-asset portfolios and centralized risk management.

Michael Higgins, International CEO of Ripple Prime, says this move will improve liquidity access, capital efficiency, and innovation for institutional customers across DeFi and traditional markets.

The market has shown divergence, with Hyperliquid rising roughly 64% in two weeks while Ripple’s XRP has declined about 20% in the same period.

The report used AI-assisted generation in parts and references CoinDesk’s AI policy.

Hyperliquid has expanded into tokenized commodity trades like silver futures and is exploring prediction markets, with the HYPE token noted for recent performance.

Since the initial acquisition announcement, Ripple Prime’s business reportedly grew threefold as of October 2025, with further expansion planned.

Short-term technicals indicate solid support near $30 for Hyperliquid, suggesting a floor that aided a recent recovery on weekly charts.

The move aligns with broader interoperability trends, following Flare’s XRP spot listing on Hyperliquid earlier in the year.

Ripple Prime serves over 300 institutional clients and clears more than $3 trillion annually across FX, digital assets, derivatives, swaps, and fixed income, with XRP and RLUSD playing roles.