Ripple Partners with 3 Institutions in One Day—So Why Is XRP’s Price Falling?
Ripple announced three institutional partnerships in a single day with Meritz Securities, Paxos, and Canton Network. However, XRP’s price fell around 9% over the week, even as Ripple’s business expansion continued.
On Friday (9/10), XRP was priced at $1.39, down around 0.98% in 24 hours and 63% from its peak in July 2025.
The gap between Ripple’s business growth and demand for XRP is drawing attention because not all of Ripple’s services require the use of the XRP token.
Ripple partnered with Meritz Securities, a South Korean securities firm, to explore asset tokenization services and Ripple Custody.
However, Meritz has not announced a launch schedule, the value of its investment commitment, or the types of assets that will be used in the services.
Earlier, in April 2026, Ripple also partnered with Kyobo Life to test the settlement of tokenized government bond transactions using custody services and stablecoin payments.
Meanwhile, the partnership with Canton Network enables Ripple Custody to support the storage of Canton Coin (CC) and other assets on the network.
Both partnerships expand Ripple’s services for institutions, but do not directly require XRP transactions.
#Xrp🔥🔥
$XRP
Ripple announced three institutional partnerships in a single day with Meritz Securities, Paxos, and Canton Network. However, XRP’s price fell around 9% over the week, even as Ripple’s business expansion continued.
On Friday (9/10), XRP was priced at $1.39, down around 0.98% in 24 hours and 63% from its peak in July 2025.
The gap between Ripple’s business growth and demand for XRP is drawing attention because not all of Ripple’s services require the use of the XRP token.
Ripple partnered with Meritz Securities, a South Korean securities firm, to explore asset tokenization services and Ripple Custody.
However, Meritz has not announced a launch schedule, the value of its investment commitment, or the types of assets that will be used in the services.
Earlier, in April 2026, Ripple also partnered with Kyobo Life to test the settlement of tokenized government bond transactions using custody services and stablecoin payments.
Meanwhile, the partnership with Canton Network enables Ripple Custody to support the storage of Canton Coin (CC) and other assets on the network.
Both partnerships expand Ripple’s services for institutions, but do not directly require XRP transactions.
#Xrp🔥🔥
$XRP