XRP hovers around $2.60, struggling to break past resistance as a potential cup-and-handle pattern appears at risk of failing.
Meanwhile, Ripple has unveiled its new RLUSD Mint, aiming to tackle challenges faced by institutional users in the RLUSD ecosystem.
This move is designed to ease institutional frictions, but its impact on XRP’s price remains uncertain.
Market watchers observe that despite Ripple’s efforts, XRP’s technical setup shows signs of weakening momentum, raising questions about whether the token can sustain gains.
