XRP is trading near $1.11, remaining well below the former $2.68 to $2.77 breakout zone that many analysts had identified as a key resistance level. The token's cup and handle pattern that traders have tracked for weeks now faces invalidation, with the price struggling to break above current resistance levels. The measured move target around $5.18 still depends on a sustained breakout above previous swing highs, though the 50-day and 200-day EMAs remain below the current price, keeping the long-term trend constructive. A daily close above nearby resistance with strong volume could open the door to a move toward the next resistance zone around $1.30 to $1.40, while losing support around $1.08 to $1.10 could invite another test of lower levels. Long-term targets such as $33 to $67 or even $60 are still circulating among well-known XRP analysts, though those are multi-cycle projections rather than near-term expectations.
Ripple has introduced Ripple Mint, a new platform designed for institutions to easily mint, redeem, and manage the U.S. dollar-backed stablecoin RLUSD. The platform offers both manual and automated stablecoin workflows, integrating RLUSD into existing financial systems and supporting multiple blockchain networks. According to Ripple's announcement, Ripple Mint enhances operational efficiency with real-time tracking, advanced APIs, and unified reconciliation, targeting exchanges, fintechs, and asset managers. This launch expands RLUSD across several blockchains, reinforcing its role alongside XRP in Ripple's multichain strategy for faster, more efficient global finance. The platform allows institutional customers to create, redeem, bridge and track RLUSD through a web dashboard or direct integration, eliminating the need for manual issuance processes. Ripple Mint replaces more manual RLUSD workflows with a web console, application programming interfaces and webhook alerts, enabling existing institutional customers to mint and redeem RLUSD, check account balances and follow each transaction from fiat receipt to onchain settlement.
Ripple has made an undisclosed investment in Notabene to integrate Ripple USD (RLUSD) into its institutional payment network. According to Notabene's press release, the partnership will enable RLUSD to become available across one of the largest networks connecting regulated digital asset companies. Under the agreement, Notabene will integrate RLUSD into Notabene Flow, its business-to-business stablecoin payment platform, providing institutions with compliant payment solutions while meeting regulatory requirements. The collaboration addresses a key challenge identified by Notabene co-founder and CEO Pelle Braendgaard, who noted that institutions require clarity on who is receiving payments, why transactions are taking place, and how they can be authorized within existing controls. Jack McDonald, Ripple's Senior Vice President of Stablecoin, called the Notabene deal a step toward globally compliant stablecoin transfers, stating "Bringing together $RLUSD, Ripple Payments & Notabene's trusted institutional network to help scale compliant stablecoin payments." Notabene's infrastructure handles more than $2 trillion in annualized transaction volume through connections with regulated institutions, with the network connecting more than 2,300 institutions across over 100 jurisdictions.
RLUSD now has a market value of about $1.5 billion with supply split between the XRP Ledger and Ethereum, making it one of the larger regulated stablecoins though still a fraction of Tether and Circle's USDC. The token's supply is divided almost evenly between the XRP Ledger, which holds roughly $877 million, and Ethereum at about $643 million. Despite rising holder counts and active addresses, which have climbed 6% and 70% respectively over the past month, RLUSD's market cap has slipped almost 5% over the same 30 days. Most significantly, monthly transfer volume fell about 25%, from roughly $14.6 billion to $10.95 billion as of July 24, indicating that while more wallets are holding RLUSD, less money is moving across it. This suggests RLUSD is being treated more as something to own than something to use, with the token accumulating holders but not generating transaction volume. Ripple's reserve page reported $1.51 billion in circulating RLUSD and $1.62 billion in reserve funds as of July 16, with cash, cash equivalents and U.S. Treasuries backing RLUSD under a New York Department of Financial Services limited-purpose trust charter.
Ripple has expanded RLUSD access beyond the XRP Ledger and Ethereum through Wormhole's Native Token Transfers framework, connecting the stablecoin to the XRPL EVM sidechain, Base, Optimism, Ink and Unichain, with access spanning more than 40 supported networks. The setup is designed to move native RLUSD between chains without creating separate wrapped versions, targeting exchanges, payment applications and decentralized finance services. Ripple said XRP and RLUSD can serve different roles across those markets, including settlement, swaps, collateral and liquidity. However, activity on each network will depend on available integrations, market makers and user demand rather than technical access alone. Ripple has also launched RLUSD in Japan in June after local approval, adding another regulated distribution channel. The company has not released volume targets, customer forecasts or a schedule for publishing adoption data tied to either launch, with the next measure being whether the new tools produce sustained payment and settlement volume.
