XRP’s price (XRP-USD) struggles to connect to Ripple despite new partnership deals designed to bring big institutions into the fold. The company recently launched Ripple Mint, a single dashboard that makes creating and redeeming Ripple USD (RLUSD) simpler for large firms. It also backed compliance firm Notabene to add identity checks directly to payments.
While these new partnership deals widen Ripple’s enterprise footprint, XRP’s market price continues to move independently from corporate news.
Updates Make RLUSD More Attractive
Ripple Mint replaces older system processes with a single console and direct automated tools. The system sends real-time alerts so big trading firms can match buy and sell orders right away. These firms, known as market makers, act as the buyers and sellers that keep markets fluid. Giving them live updates means they can trade RLUSD faster and with far fewer delays.
At the same time, the Notabene deal brings bank-grade identity checks to fund transfers. Together, these updates make RLUSD more attractive to regulated financial firms across global markets.
Could RLUSD Help XRP Grow Over Time?
In theory, expanding RLUSD can support XRP over time. The stablecoin now operates across five separate blockchains, including the XRP Ledger’s EVM sidechain.
Every transaction on the XRP Ledger burns a fraction of XRP as a network fee. This slowly shrinks the total supply of XRP over time. Ripple says using RLUSD on the ledger drives more activity, which supports XRP in the long run.
XRP’s Price Isn’t Correlating to Ripple’s Moves
Despite these new partnership deals, XRP is trading near $1.12. It seems to show little reaction to the Ripple Mint platform launch. For quite a while, investors have noticed that Ripple’s corporate news no longer moves the price of XRP like it used to.
One could blame RLUSD itself for widening this divide. Since big firms can settle payments using dollar-backed stablecoins instead of buying volatile cryptos, corporate progress no longer guarantees price gains for XRP.
