- Ripple launched Ripple Mint, giving institutions direct API access to mint, redeem, and bridge RLUSD across five chains
- Ripple invested in Notabene, connecting RLUSD to 2,300 institutions processing over $2T in annual transaction volume
- Short liquidations hit $303.06K against $3.41M for longs over 24 hours as top Binance traders hold a 3.05 long/short ratio
Ripple dropped two institutional infrastructure announcements on July 23 while XRP quietly held above its 20-day EMA, and the market has not yet priced either one in.
XRP Holds The 0.382 Fibonacci As The Parabolic SAR Stays Bullish
The handle of the cup and handle formation has broken down, turning what was meant to be the launchpad for a breakout into a failed setup. XRP now trades on the 20-day EMA at $1.1093, the last level of defense.
The daily chart shows XRP consolidating between the 0.382 Fibonacci at $1.1153 and the 0.5 level at $1.1449. The Parabolic SAR at $1.0657 remains bullish below price. A descending dashed trendline from the June peak near $1.29 slopes through the $1.14 to $1.15 area, converging with the 50-day EMA at $1.1426 into a tight resistance cluster that has capped every recovery attempt this month.
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The 0.618 Fibonacci at $1.1822 is the first meaningful target above that cluster, followed by the 0.786 at $1.2299 and the 100-day EMA at $1.2305, which have converged at essentially the same level. The 200-day EMA at $1.4310 is the longer-term ceiling. Below price, the 0.236 Fibonacci at $1.0738 and the $1 June low define the floor.
What Are The Key Support And Resistance Levels For XRP Today?
- Support at $1.1093 on the 20-day EMA and $1.0738 on the 0.236 Fibonacci
- Resistance at $1.1426 on the 50-day EMA and the descending trendline near $1.15
- Extended resistance at $1.1822 on the 0.618 Fibonacci and $1.2305 on the 100-day EMA
- Key floor at $1.0657 on the Parabolic SAR and $1.0069 at the June low
Ripple Mint: What It Is And Why Institutions Needed It?
Ripple launched Ripple Mint on July 23 as a unified access layer for institutions to mint, redeem, bridge, and manage RLUSD. Before this, all RLUSD operations ran through a manual platform workflow that could not support automation at scale. Ripple Mint changes that through two tracks running in parallel.
| Access Type | What It Enables |
| Web Interface | Manual operational control and oversight |
| API + Webhooks | Automation, real-time lifecycle notifications, system integration |
| Cross-chain bridging | RLUSD movement across supported blockchains |
| Programmatic queries | Balance information and transaction status at any stage |
RLUSD simultaneously launched on five new chains. The XRPL EVM Sidechain anchors the expansion, combining EVM compatibility with direct connection to XRPL infrastructure. Base, Optimism, Ink, and Unichain complete the rollout. Ripple stated in its announcement that as RLUSD scales across these environments, XRP will increasingly serve as a complementary asset for liquidity, settlement, swaps, collateral, and payments across supported chains.
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Ripple Backed A Compliance Network That Moves $2T A Year
Ripple made a strategic investment in Notabene on the same day, alongside a partnership to integrate RLUSD into Notabene Flow, the company’s B2B stablecoin payments platform. The scale of what Ripple just plugged into matters here.
| Notabene Network | Figures |
| Connected institutions | 2,300 |
| Global jurisdictions | 100+ |
| Customers | 280+ including tier-1 banks and exchanges |
| Annualized transaction volume | $2T+ |
The integration targets the compliance gap that has slowed enterprise stablecoin adoption. Institutions need verified counterparty identity and pre-transaction authorization before value moves, which is exactly what Notabene’s Travel Rule compliance network was built to provide. Ripple SVP of Stablecoin Jack McDonald said at announcement that trusted identity before value moves is a fundamental barrier to enterprise adoption, and that Notabene addresses it directly. Notabene CEO Pelle Braendgaard described the partnership as turning compliant stablecoin payments from a pilot into a real growth engine.
XRP Derivatives: Longs Taking the Pain as Smart Money Stays Net Long
| Metric | Value | Signal |
| 24h Volume | $2.07B (+16.83%) | Rising — active trading on the consolidation |
| Open Interest | $2.45B (-2.46%) | Falling — position closures, not fresh directional bets |
| Options Volume | $1.21M (-42.68%) | Collapsed — market holding ahead of July 29 FOMC |
| Short Liquidations (24h) | $303.06K | Relatively small — shorts not being squeezed hard |
| Long Liquidations (24h) | $3.41M | Longs absorbing the $1.14-$1.15 resistance pressure |
| Top Trader L/S (Accounts) | 3.05 | Large accounts firmly net long |
| Top Trader L/S (Positions) | 1.55 | Position sizing also net long |
The long liquidation figure of $3.41M against only $303.06K for shorts tells a specific story. Longs are being flushed at the $1.14 to $1.15 resistance cluster while shorts remain largely untouched. The top trader positioning at 3.05 on accounts and 1.55 on positions staying net long despite those long flushes suggests institutional-sized accounts are absorbing the resistance rather than exiting the trade.
XRP Price Prediction: Upside and Downside Targets
- Upside case: The 20-day EMA at $1.1093 holds, Ripple Mint and the Notabene investment draw institutional attention to RLUSD and XRP utility, the descending trendline breaks above $1.15, and price targets the 0.618 Fibonacci at $1.1822 and the 100-day EMA at $1.2305 as CLARITY Act momentum builds into the August recess.
- Downside case: The $1.14 to $1.15 resistance cluster rejects price again, open interest continues declining, and XRP slips below the 20-day EMA toward the 0.236 Fibonacci at $1.0738 as the FOMC meeting introduces fresh macro uncertainty.
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