Ripple Launches Ripple Mint and Notabene Partnership as XRP Holds Near Key Technical Levels
Key Takeaways
- •Ripple Mint provides institutions with both UI and API access to mint, redeem, bridge, and manage RLUSD across five chains including the XRPL EVM Sidechain, Base, Optimism, Ink, and Unichain.
- •Ripple made a strategic investment in Notabene and partnered to integrate RLUSD with Notabene Flow, whose network of 2,300 institutions processes over $2 trillion in annual transaction volume.
- •XRP long liquidations totaled $3.41 million over 24 hours versus $303.06K in short liquidations, indicating long positions were forced out near the $1.14 to $1.15 resistance cluster.
- •XRP consolidated between the 0.382 Fibonacci level at $1.1153 and the 0.5 Fibonacci level at $1.1449, with the 20-day EMA at $1.1093 serving as the last major support line.
- •Ripple indicated that XRP will increasingly serve as a complementary asset for liquidity, settlement, swaps, collateral, and payments across chains as RLUSD scales.
Ripple announced two institutional infrastructure initiatives on July 23, launching Ripple Mint for RLUSD operations and making a strategic investment in Notabene, while XRP continued to trade above its 20-day EMA. The announcements come as the stablecoin sector sees accelerating competition among issuers pursuing institutional and cross-chain payment flows, with Ripple positioning RLUSD, its U.S.-dollar-backed stablecoin, as infrastructure for regulated financial institutions rather than retail trading.
Ripple Mint gives institutions direct API and user-interface access to mint, redeem, bridge, and manage RLUSD across five chains. Ripple also invested in Notabene and partnered with the company to connect RLUSD with Notabene Flow, a B2B stablecoin payments platform tied to a network of 2,300 institutions that process more than $2 trillion in annual transaction volume. Notabene is known in the digital asset compliance space for providing Travel Rule infrastructure, which refers to the FATF recommendation that virtual asset service providers collect and transmit originator and beneficiary information for transactions above a defined threshold.
In derivatives markets, XRP short liquidations totaled $303.06K over 24 hours, compared with $3.41M in long liquidations. Top Binance traders held a 3.05 long/short ratio by accounts and a 1.55 ratio by positions, according to the source data.
XRP Holds Near the 0.382 Fibonacci Level
XRP's daily chart shows the handle of a cup-and-handle formation breaking down, weakening what had been viewed as a potential setup for a breakout. A cup-and-handle is a bullish technical pattern in which a rounded consolidation (the cup) is followed by a smaller downward drift (the handle) before an anticipated upward move. The token was trading near the 20-day EMA at $1.1093, a level described in the source as the last major line of defense for the current structure.
The chart showed XRP consolidating between the 0.382 Fibonacci level at $1.1153 and the 0.5 Fibonacci level at $1.1449. The Parabolic SAR remained below price at $1.0657, maintaining a bullish reading under that indicator.
A descending dashed trendline from the June peak near $1.29 moved through the $1.14 to $1.15 area. That trendline converged with the 50-day EMA at $1.1426, creating a tight resistance cluster that has capped recovery attempts during the month.
Above that area, the 0.618 Fibonacci level at $1.1822 was cited as the first meaningful upside level. The next levels were the 0.786 Fibonacci at $1.2299 and the 100-day EMA at $1.2305, which had converged at nearly the same point. The 200-day EMA at $1.4310 was described as the longer-term ceiling.
Below price, the 0.236 Fibonacci level at $1.0738 and the June low near $1 were identified as the main floor. The June low was also cited at $1.0069 in the support table.
Key XRP Support and Resistance Levels
The source identified support at $1.1093 on the 20-day EMA and $1.0738 on the 0.236 Fibonacci level.
Resistance was placed at $1.1426 on the 50-day EMA and near $1.15 along the descending trendline.
Extended resistance levels were listed at $1.1822 on the 0.618 Fibonacci and $1.2305 on the 100-day EMA.
The key floor was identified at $1.0657 on the Parabolic SAR and $1.0069 at the June low.
Ripple Mint Adds Institutional Access for RLUSD
Ripple introduced Ripple Mint on July 23 as a unified access layer for institutions to mint, redeem, bridge, and manage RLUSD.
Meet Ripple Mint. A unified platform for institutions to access, mint, redeem, and manage $RLUSD . Built for scale with both UI and API access, Ripple Mint gives institutions the flexibility to automate stablecoin operations, integrate RLUSD into existing systems, and manage…
Before the launch, RLUSD operations ran through a manual platform workflow that did not support automation at scale. Ripple Mint changes that structure through two parallel access tracks, offering both UI and API access for institutional users.
RLUSD also launched on five new chains. The XRPL EVM Sidechain anchors the expansion by combining EVM compatibility — meaning the chain can run Ethereum-style smart contracts — with a direct connection to XRPL infrastructure. Base, Optimism, Ink, and Unichain complete the rollout.
Ripple said in its announcement that, as RLUSD scales across those environments, XRP will increasingly serve as a complementary asset for liquidity, settlement, swaps, collateral, and payments across supported chains.
Ripple Invests in Notabene and Integrates RLUSD With Notabene Flow
Ripple made a strategic investment in Notabene on the same day and announced a partnership to integrate RLUSD into Notabene Flow, the company's B2B stablecoin payments platform. Notabene announced the investment in an official post at notabene.id.
The integration is intended to address compliance requirements that have slowed enterprise stablecoin adoption. Institutions often require verified counterparty identity and pre-transaction authorization before value is transferred. Notabene's Travel Rule compliance network was built to provide that type of framework.
Ripple SVP of Stablecoin Jack McDonald said in the 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 Show Long Liquidations Dominating
XRP long liquidations reached $3.41M over 24 hours, compared with $303.06K in short liquidations. The source interpreted the imbalance as evidence that long positions were being forced out around the $1.14 to $1.15 resistance cluster, while short positions were largely unaffected.
Top trader positioning on Binance remained net long, with a 3.05 long/short ratio by accounts and a 1.55 ratio by positions. The source said that positioning suggested larger accounts were continuing to absorb resistance rather than exiting the trade.
XRP Technical Scenarios
The upside scenario in the source depended on XRP holding the 20-day EMA at $1.1093, institutional attention increasing around Ripple Mint and the Notabene investment, and price breaking the descending trendline above $1.15. Under that framework, the cited upside levels were the 0.618 Fibonacci at $1.1822 and the 100-day EMA at $1.2305, with the CLARITY Act heading into the August recess also referenced. The CLARITY Act is proposed U.S. legislation aimed at establishing a clearer regulatory framework for digital assets and defining the respective roles of the SEC and CFTC in overseeing cryptocurrency markets.
The downside scenario depended on another rejection at the $1.14 to $1.15 resistance cluster, continued declines in open interest, and XRP slipping below the 20-day EMA toward the 0.236 Fibonacci at $1.0738. The source also cited the FOMC meeting as a potential source of macro uncertainty.