Crypto
Ripple Unveils Institutional Infrastructure Amid Sluggish XRP Price Action
Ripple made significant announcements on July 23 with the launch of Ripple Mint and an investment in Notabene. Ripple Mint provides institutions with direct API access to mint, redeem, and bridge RLUSD across five chains.
The company invested in Notabene to connect RLUSD to over 2,300 institutions that process more than $2 trillion in annual transactions.
Despite these major developments, the XRP price barely moved, trading at $1.1093 above its 20-day exponential moving average (EMA) after a failed cup-and-handle formation broke down.