XRP Price Fails Cup-And-Handle as Ripple Strengthens Enterprise Infrastructure
XRP's price has failed to complete a cup-and-handle pattern as Ripple introduces its Mint function to streamline RLUSD issuance.
The update targets minting delays and improves settlement predictability, strengthening Ripple's enterprise infrastructure and potentially making RLUSD more attractive to institutions.
However, the direct benefit favors stablecoin adoption over immediate spot XRP demand.
XRP trades near $1.11, remaining well below the former $2.68 to $2.77 breakout zone discussed in earlier bullish scenarios.