Notabene, the operator of what it describes as the world’s largest open network for regulated on-chain transactions, has received a new investment from Ripple Labs, the San Francisco-based technology company.

The official press release did not disclose the size of the investment. Notabene said it serves more than 2,300 institutions across 100 jurisdictions, and that its annualized transaction volume is roughly $2 trillion.

As part of the deal, Ripple will allow Notabene to use the RLUSD stablecoin in Notabene Flow, the company’s business-to-business stablecoin payments platform. The two companies will also explore ways to complement Ripple Payments, extending Ripple’s reach into compliance-focused transaction infrastructure that is already used across a large institutional network.

Ripple’s latest move comes amid wider institutional push

The Ripple Labs and Notabene announcement followed the launch of Ripple Mint, an RLUSD-focused institutional custody management platform that Ripple says is designed to meet the needs of institutional investors.

Ripple Payments processed nearly $16 trillion last year following the acquisition of GTreasury, although that volume was not conducted in crypto.

Some observers have pointed to Ripple’s expanding set of partnerships and use cases and asked what the developments could mean for XRP. In a July 16, 2026 post on X, user Mr. Man wrote:

Some of you are seeing global partnerships and usecases activating and wondering.. “What about XRP?” It’s still there with all of the heavy hitters. Ripple owns and operates a full payment stack; from beginning to end. In terms of treasury numerous institutional players now… pic.twitter.com/wHPwQXYcuy — Mr. Man (@MrManXRP) July 16, 2026

The company’s legal position has improved this year, which some market participants say has helped move XRP out of a regulatory gray area and back into institutional use. That shift has also been reflected in the launch of seven standalone XRP-based exchange-traded funds.

Meanwhile, RLUSD has drawn attention from Wall Street and reached a market capitalization of $2 billion, helping it build a presence in cross-border payments.

XRP faces a market test as traders watch key levels

XRP continues to be used in high-value transactions, reinforcing its role in the cross-border payments market. However, it remains more volatile than RLUSD.

The token also continues to show a strong price correlation with Bitcoin (BTC) and Ethereum (ETH). Some analysts say a $6 XRP price could be possible if Bitcoin returns to $120,000.

In a July 26, 2026 post on X, Celal Kucuker wrote:

If $BTC hits $120K and $ETH hits $6K, $XRP WILL hit $6. In a MEGA bull run, $XRP will push $11–$15. No “maybe.” No “if.” $XRP is the altcoin I trust the most. pic.twitter.com/UMAiG4OVRR — Celal Kucuker (@CelalKucuker) July 26, 2026

At the time of writing, Bitcoin was hovering around $64,000 and XRP was trading at $1.06. That price level suggests that bearish pressure remains in the market.

Analysts are watching whether XRP can hold up against short sellers attempting to push the token below $1, while some long-term holders are viewing the area around $0.90 as a possible liquidity pocket.