XRP Price Prediction: Ripple-Guggenheim Deal Fuels Rally Toward $2.37
XRP’s outlook just got a major upgrade. Ripple has committed $10 million to a new partnership with Guggenheim Treasury Services...
Quick overview
- Ripple has invested $10 million in a partnership with Guggenheim Treasury Services to tokenize U.S. Treasury-backed digital commercial paper on the XRP Ledger.
- The shift to XRPL is driven by lower transaction costs, faster settlement times, and the integration of Ripple's RLUSD stablecoin for enhanced liquidity.
- This partnership signals a growing institutional confidence in XRP, with bullish price predictions suggesting a potential rise to $2.37.
- Ripple's broader initiatives, including partnerships and research expansions, further reinforce the positive outlook for XRP's future.
XRP’s outlook just got a major upgrade. Ripple has committed $10 million to a new partnership with Guggenheim Treasury Services, aiming to tokenize U.S. Treasury-backed digital commercial paper (DCP) directly on the XRP Ledger (XRPL).
The move signals a strong vote of confidence from institutional finance, bringing real-world assets into the blockchain ecosystem—and reinforcing a bullish XRP price prediction heading into the second half of the year.
Guggenheim Capital, which manages $345 billion in assets, had previously deployed DCP on Ethereum. But faced with congestion and high fees, the firm shifted to XRPL, citing its faster settlement times, lower costs, and native support for tokenized assets.
RippleX executive Markus Infanger revealed that Ripple’s forthcoming RLUSD stablecoin could be used to purchase DCP on XRPL—further enhancing liquidity and utility.
Why Institutions Are Betting on XRPL
The deal reflects more than a tech pivot—it’s a signal of shifting industry standards. Legal analyst Bill Morgan described the deal as a “big win” for XRP, especially as institutions increasingly demand enterprise-grade blockchains that scale.
Key reasons behind the shift to XRPL:
- Lower transaction costs than Ethereum
- Instant finality for cross-border transactions
- $10M in Ripple support ensures institutional readiness
- RLUSD integration promises seamless on-chain access
Ripple’s broader institutional momentum includes a partnership with Japan’s Web3 Salon and a $5 million expansion of its University Blockchain Research Initiative (UBRI) across Asia-Pacific.
XRP Price Prediction: $2.37 in Sight?
At the time of writing, XRP trades at $2.31, up 0.69% over the past 24 hours, with a market cap of $135.7 billion. Technicals remain bullish, with price respecting an ascending parallel channel and consolidating just below key resistance at $2.328.
XRP holds firm above the 50-EMA ($2.26) and 200-EMA ($2.24), while recent bullish engulfing candles suggest buying pressure is building. If XRP breaks above $2.328, momentum could carry the price toward $2.349 and possibly $2.370—in line with the optimistic XRP price prediction fueled by institutional growth.
Trade Setup:
- Entry: On confirmed breakout above $2.328
- Stop-loss: Below $2.283
- Targets: $2.349, $2.370
- Risk Level: Moderate
Conclusion
Ripple’s strategic moves are reshaping XRP’s future—both technically and fundamentally. As real-world asset tokenization expands on XRPL and institutions shift away from Ethereum, the long-term XRP price prediction grows increasingly bullish. If confirmed, the $2.37 breakout may just be the start.
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