Ripple has made two major institutional moves that expand the reach of its stablecoin RLUSD, yet the price of XRP has barely budged, holding just above its 20-day exponential moving average at $1.1093. The first announcement, released on July 23, introduced Ripple Mint, a platform that gives institutions direct API access to mint, redeem, and bridge RLUSD across five different blockchains. The second was an investment in Notabene, a compliance network that connects over 2,300 institutions processing more than $2 trillion in annual transaction volume, effectively tying RLUSD into a massive institutional payments ecosystem.
Despite these developments, XRP remains in a fragile technical position. A prior cup-and-handle formation has broken down, and the token is now defended only by the 20-day EMA. The daily chart indicates short liquidations of $303.06K against $3.41 million in long liquidations over 24 hours, while top Binance traders show a 3.05 long/short ratio—signaling persistent bullish bets that have yet to be reflected in price.
Adding to the RLUSD momentum, Binance revealed that holders and traders of the stablecoin can now earn variable APR of 22.25%, paid out weekly in XRP. The offering, part of Binance Margin/Earn, follows a series of support upgrades: RLUSD was first listed in early 2026 with zero-fee trading against XRP, then added to the XRP Ledger, and now integrated into Binance’s yield program. The stablecoin’s market capitalization has grown to nearly $1.6 billion, ranking it as the ninth-largest stablecoin. Earlier this year, RLUSD was included in Mastercard’s stablecoin initiative alongside USDC, PYUSD, and others, further cementing its institutional credentials.
Market participants are watching to see whether the combination of deeper institutional plumbing and attractive retail yields can finally push XRP out of its trading range, but for now, the price is firmly stuck while the infrastructure around RLUSD accelerates.
