XRP Price Prediction: Ripple Unveils RLUSD Mint and Notabene Partnership But XRP Barely Moves
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On July 23 Ripple launched Ripple Mint, an institutional API to mint, redeem and bridge RLUSD across five chains and invested in Notabene to connect RLUSD to 2,300 institutions processing over $2T in annual transaction volume, a clear push for institutional crypto and DeFi adoption and token launch infrastructure. Despite the announcements XRP barely moved, trading at the 20-day EMA of $1.1093 after a failed cup-and-handle while short liquidations hit $303.06K versus $3.41M for longs in 24 hours and top Binance traders hold a 3.05 long/short ratio, signaling mixed market sentiment for immediate price upside.
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- Ripple launched Ripple Mint, giving institutions direct API access to mint, redeem, and bridge RLUSD across five chains
- Ripple invested in Notabene, connecting RLUSD to 2,300 institutions processing over $2T in annual transaction volume
- Short liquidations hit $303.06K against $3.41M for longs over 24 hours as top Binance traders hold a 3.05 long/short ratio
Ripple dropped two institutional infrastructure announcements on July 23 while XRP quietly held above its 20-day EMA, and the market has not yet priced either one in.
XRP Holds The 0.382 Fibonacci As The Parabolic SAR Stays Bullish
The handle of the cup and handle formation has broken down, turning what was meant to be the launchpad for a breakout into a failed setup. XRP now trades on the 20-day EMA at $1.1093, the last level of defense.
The daily chart shows X…
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