XRP is trading around $1.11 this week, holding above a key support zone as traders watch a cup-and-handle pattern that has been forming for weeks. The pattern's breakout target — around $5.18 — depends on a sustained move above prior swing highs, but the current price remains well below the $2.68–$2.77 breakout zone.
Ripple's RLUSD Mint Function Goes Live
Ripple introduced a dedicated Mint function for RLUSD, its stablecoin, aiming to streamline issuance and cut down on minting delays. The move is meant to improve settlement predictability for institutional users. The function is live now, though Ripple hasn't disclosed specific volume figures since the rollout.
Technical Picture: Support and Resistance
The 50-day and 200-day exponential moving averages are both below the current price, keeping the long-term trend constructive. A daily close above resistance with strong volume could target $1.30 to $1.40. On the downside, losing support around $1.08 to $1.10 could invite another test of lower levels. Some wave analysts warn a deeper correction is possible if momentum continues fading. Long-term targets such as $33 to $67 or $60 are multi-cycle projections, not near-term expectations.
Macro Headwinds Weigh on Sentiment
Broader market pressure from megacap tech stocks and ongoing tariff concerns is creating a risk-off mood. That's kept XRP from gaining traction despite the technical setup. The timing isn't great for a breakout — traders are watching whether the cup-and-handle pattern gets invalidated if support breaks.
LiquidChain Presale Nears $1M
Separately, LiquidChain — a Layer 3 protocol that merges Bitcoin, Ethereum, and Solana liquidity into a single execution environment — is approaching the $1 million milestone in its presale. The token is priced at $0.01483, with $920,000 raised so far. The presale is still open.
For XRP, the next concrete test is whether it can hold the $1.08–$1.10 support zone through the end of the month. If it does, the cup-and-handle pattern stays alive. If not, the measured move target gets shelved.
