XRP Price Stagnant Despite Ripple's Institutional Push
XRP's price is not reacting to Ripple's latest efforts to bring big institutions into its fold. Despite the launch of Ripple Mint, a single dashboard that simplifies creating and redeeming Ripple USD (RLUSD), XRP's market price continues to move independently from corporate news.
Ripple Mint replaces older system processes with a direct automated console, sending real-time updates to market makers so they can trade RLUSD faster. The Notabene deal also brings bank-grade identity checks to fund transfers, making RLUSD more attractive to regulated financial firms across global markets.
However, XRP's price remains stagnant at around $1.12, showing little reaction to the Ripple Mint platform launch. This trend is not new, as investors have noticed that Ripple's corporate news no longer guarantees price gains for XRP.