XRP Price Struggles as Cup-and-Handle Pattern Falters; Ripple Launches Mint to Tackle RLUSD Issues

XRP is currently trading around $2.60, with the much-watched cup-and-handle technical pattern showing signs of failure as the price struggles to break through key resistance levels. The pattern, which typically signals a bullish continuation, risks invalidation if XRP fails to hold above support. Meanwhile, Ripple has unveiled a new product called Mint, aimed at addressing institutional friction related to RLUSD, its stablecoin initiative. Mint is designed to streamline the issuance and redemption process for institutional clients, potentially enhancing liquidity and adoption. However, analysts remain divided on whether this development will directly influence XRP's price trajectory in the near term.