XRP Price Stalls Despite Major Deal with Guggenheim Partners

Ripple’s recent agreement with Guggenheim Partners has left XRP price somewhat stagnant despite a surge in activity on the XRP Ledger. The token traded around $2.27 on Tuesday, slightly below its high this week of $2.32 and 33% below its year-to-date peak. This movement is notable due to the launch of Digital Commercial Paper (DCP), a fixed-income asset secured by U.S. Treasuries, on the XRP Ledger. DCP, administered by Guggenheim Partners, manages over $349 billion in assets, and has already processed over $280 million in transactions.