Ripple expanded its stablecoin infrastructure as XRP ETFs reached a new milestone, while the token struggled to hold its latest recovery.
Ripple and the wider XRP ecosystem saw several noteworthy developments over the past few days.
These included, but are not limited to, a new institutional platform for the RLUSD stablecoin, an investment in payments infrastructure, fresh Binance incentives, rising AI-agent activity, as well as continued demand for spot XRP ETFs.
The following breaks down the most important latest Ripple news and an update on XRP’s price action and the levels that traders currently monitor.
Ripple Launches Institutional RLUSD Platform
The firm launched Ripple Mint on July 23rd.
It gives institutional customers a single point to mint, redeem, bridge, and manage Ripple USD (RLUSD).
Companies can now use a standard interface or, alternatively, they can connect their internal systems through APIs and webhook notifications. The launch targets businesses that need automated stablecoin access for payments, treasury management, and trading operations.
Ripple Invests in Notabene
The company also announced a strategic investment in Notabene – a well-known compliance infrastructure provider.
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Both firms plan to integrate RLUSD into Notabene Flow. This is a business-to-business stablecoin payments platform.
According to the announcement, Notabene’s network connects over 2,300 institutions across more than 100 jurisdictions and processes about $2 trillion in annualized transaction volume.
The agreement is aimed at giving RLUSD wider access to regulated payment providers and financial institutions.
XRP Ledger AI Transactions Pass a New Milestone
The XRP Ledger surpassed 1.4 million transactions initiated by AI agents on July 22nd.
Data from the XRPL AI Hub showed over 1.4 million agent-driven transactions and 129 participating merchants at the time of the report. The milestone followed Ripple’s launch of an AI starter kit in June, which is designed to help developers build automated payment applications on XRPL.
The numbers also suggest that developers are testing the network for machine-to-machine payments, as well as for other automated transactions.
Binance Introduces RLUSD and XRP Rewards
Binance announced new incentives for RLUSD users.
The exchange pointed out that the variable return for eligible holdings has reached 22.25%. Users who hold or trade RLUSD through Binance Earn and Margin products can also receive weekly rewards in XRP.
It’s important to note that the rate remains variable and can change depending on current market conditions and user participation.
XRP Price Action: Levels to Watch
As we pointed out in our most recent XRP technical analysis, the cryptocurrency trades around $1.10 after approaching $1.16 earlier in the week. This means that most of the gains made during the recent recovery are pretty much gone.
The cryptocurrency remains in a broad descending channel, meaning that the trend is negative and a break above certain levels has to happen for it to reverse.
Traders are currently watching $1.18 as the first line of resistance. A rejection there could extend the broader downtrend.
However, it’s also worth noting that buyers previously managed to defend the $1.02 – $1.04 zone of demand, which was a show of strength. That area has to hold to prevent a crash below $1. The biggest resistance in the short-term stands at $1.28.
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