XRP Price Stalls as Ripple Inks $350B Asset Manage
XRP Price Stalls as Ripple Inks $350B Asset Manager Deal
XRP price fluctuated on Tuesday, even after Ripple Labs inked a major deal with Guggenheim Partners.
Ripple xrp -0.71% XRP tokens traded at $2.27, slightly below this week’s high of $2.32 and 33 percent below its year-to-date high.
The price action came despite the launch of Digital Commercial Paper, a fixed-income asset backed by U.S. Treasuries, on the XRP Ledger. The DCP, which has already processed more than $280 million, is administered by Guggenheim Partners, a fund manager with $349 billion in assets under management.
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