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- XRP retraces from its weekly high at $1.16 and holds $1.10 on Friday amid muted ETF activity.
- Ripple Mint platform launches, with a unified solution for institutions to access, mint, redeem and manage the RLUSD stablecoin.
- XRP’s broader outlook remains bearish, with the RSI sliding into bearish territory and the 50-day EMA capping the upside.
Ripple (XRP) slides toward the short-term $1.10 support on Friday, as broader crypto market sentiment weighs on crypto assets. The sell-off mainly stems from fears of inflation in the United States (US) amid the ongoing war in the Middle East and rising Oil prices.
Simon-Peter Massabni, Business Development Head at XS.com, says that digital assets are facing repricing risks due to rising geopolitical tensions and inflation fears.
“Rising oil prices, renewed inflation concerns, shifting expectations for US monetary policy, and continued institutional capital inflows are all shaping market sentiment,” Massabni said in a comment.
Ripple Mint launches to expand RLUSD access
Ripple announced the launch of Ripple Mint on Wednesday, a platform providing a unified way for institutions to access, mint, redeem and manage the RLUSD stablecoin.
Ripple Mint was designed to address existing gaps in RLUSD execution by offering access to a user interface with built-in control and oversight. The platform also supports programmatic access to enable automation and system-level integration.
Institutions using Ripple Mint can mint and redeem RLUSD directly from the source, bridge RLUSD across chains, track funds throughout the transaction lifecycle, and integrate RLUSD into their internal systems or workflows.
“This expansion also creates stronger utility between XRP and RLUSD together. As RLUSD becomes available across these environments, XRP will increasingly serve as complementary assets for liquidity, settlement, swaps, collateral, and payments activity across supported chains,” Ripple stated in the press release.
Meanwhile, institutional interest in XRP-related digital assets, such as spot Exchange-Traded Funds (ETFs), is fading, as evidenced by muted activity on Wednesday and Thursday. Cumulative weekly inflows stand at $8 million through Thursday, according to SoSoValue.
“In my view, what we are witnessing is not the beginning of a new bearish cycle, but rather a healthy repricing of risk following a strong rally, provided that institutional demand remains intact and does not give way to broad-based selling pressure,” Massabni added.
Price analysis: XRP bears poised to tighten grip
XRP trades at $1.11, holding in a corrective phase below key moving averages, which keeps the broader bias bearish despite the recent stabilization. Price action remains capped by the 50-day Exponential Moving Average (EMA) at $1.14, with the Parabolic SAR at $1.07 also positioned above spot and reinforcing overhead pressure.
Momentum is mixed, as the Relative Strength Index (RSI) hovers near a neutral 49 while the Moving Average Convergence Divergence (MACD) histogram has turned lower, hinting that bullish attempts are losing traction underneath the dominant downtrend defined by the downward trending moving averages.
On the topside, initial resistance is seen at the Parabolic SAR level around $1.07, followed by the 50-day EMA at $1.14, where a daily close above would be needed to ease immediate downside pressure. Beyond that, the 100-day EMA at $1.23 and the 200-day EMA near $1.43 form a broader supply band that would likely cap any extended recovery unless buyers regain stronger control.
