As the year draws closer to its end, significant data has been released, leaving only Japan’s interest rate decision pending. This data brings renewed hope for a potential holiday surge in markets. In parallel, Ripple 
$1 has announced a new partnership, marking another milestone in its effort to enhance corporate services this year.
Ripple and TJM Partnership
The election of Trump opened doors for U.S.-based cryptocurrency companies, benefiting Ripple, which resolved a lawsuit and acquired three companies, while also entering into several partnership agreements. XRP Coin saw expected ETF approvals, and today’s announcement focuses on a partnership deal with TJM to enhance trading services.
TJM Institutional Services, based in Chicago, specializes in exchange and over-the-counter (OTC) services, functioning under TJM Holdings. With membership in the Commodity Futures Trading Commission and the National Futures Association in the U.S., TJM is experienced and its licenses are beneficial for Ripple’s corporate service growth.
According to today’s announcement, Ripple has invested in TJM. The company will collaborate with Ripple’s multi-asset prime brokerage platform, Ripple Prime. Noel Kimmel, president of Ripple Prime, remarked on the partnership as a reflection of a shared vision and trust built over two decades by the leaders in the industry.
XRP Coin
Ripple aims to provide blockchain-based financial services to corporate clients without the aspiration to become an application layer like Ethereum 
$2,265 or Solana 
$83. This goal is pursued by acquiring companies like Hidden Road and expanding the Ripple Prime brand. RLUSD issuance succeeded, surpassing a $1 billion supply threshold.
Though the latest partnership’s impact is not evident in spot prices, events like the lawsuit resolution propelled the price above $3. New partnerships are expected to advance Ripple’s corporate business, opening healthy growth paths for XRP Coin if critical mass in blockchain-based corporate services is achieved.
Institutional investors show interest in XRP ETF since its launch, believing in Ripple’s potential. Concerning XRP’s price, reclaiming the $1.98 support and securing the $2.08 base is crucial. Ripple must do this before the prevailing bearish market sentiment pushes it briefly below $1.50.
