Ripple's Mint Update Fails to Save XRP from Cup-and-Handle Breakdown

XRP's price has failed to complete the cup and handle pattern that traders have been tracking for weeks, despite Ripple's efforts to strengthen its enterprise infrastructure.

The introduction of a dedicated Mint function to streamline RLUSD issuance is aimed at improving settlement predictability and reducing minting delays.

However, the direct benefit of this update favors stablecoin adoption more than immediate spot XRP demand. Regulatory clarity across Ripple's product suite remains the bigger variable for XRP price.

The cup and handle pattern that many analysts have been watching still offers a potential measured move target around $5.18, but it will depend on a sustained breakout above previous swing highs.