Key Takeaways
- Ripple has expanded its institutional stablecoin strategy through Ripple Mint and a partnership with Notabene.
- CoinMarketCap warned that Ripple’s infrastructure growth has yet to create proven, lasting demand for XRP.
- XRP would need to rise approximately 466% from $1.06 to reach $6.
Ripple has launched two major initiatives to push its RLUSD stablecoin deeper into institutional finance, including a partnership that offers a potential route into a network that processes more than $2 trillion annually.
It comes as a recent CoinMarketCap report questioned whether Ripple’s success was producing lasting demand for XRP, warning that institutions can increasingly use its products without owning it.
XRP was trading at approximately $1.06 on Friday, nearly 70% below its 2025 cycle high of $3.55.
Ripple Launches New Institutional RLUSD Pushes
On Thursday, Ripple announced a strategic investment in Notabene, which operates an open network for regulated on-chain transactions.
The size and terms of the investment were not disclosed.
Under the partnership, the companies will integrate RLUSD into Notabene Flow, a business-to-business stablecoin payments platform providing payment coordination and authorization services.
They will also explore how Notabene’s transaction authorization infrastructure could complement Ripple Payments.
Notabene said its network connected more than 2,300 institutions across over 100 jurisdictions and had facilitated more than $2 trillion in annualized transaction volume.
The partnership could therefore give RLUSD a pathway into one of the largest institutional networks for regulated digital-asset transactions.
“Stablecoins are quickly becoming part of mainstream financial infrastructure, but institutional adoption depends on more than efficient settlement rails alone,” Ripple Senior Vice President of Stablecoin Jack McDonald said in the announcement.
Notabene’s infrastructure allows institutions to verify counterparties, authorize transactions before settlement, and meet internal compliance requirements.
Ripple and Notabene said the collaboration was intended to move enterprise stablecoin payments beyond testing and make them easier for financial institutions to deploy at scale.
The deal was announced alongside the launch of Ripple Mint, a unified platform through which institutional customers can access, mint, redeem,m and manage RLUSD.
Ripple said it was focused on “making digital dollars easier to access, integrate, and operate at scale.”
The platform supports both a user interface for manually managing activity and programmatic access for institutions seeking to integrate RLUSD into their systems.
Customers can use Ripple Mint to mint and redeem RLUSD, transfer it across supported blockchains, and incorporate stablecoin operations into internal workflows.
The company argues that greater RLUSD adoption could reinforce XRP’s role in liquidity, collateral, swaps, settlement, and payments.
However, whether that activity will generate enough demand to lift XRP’s price remains unresolved.
CoinMarketCap Warns Ripple’s Growth Is Not Reaching XRP Price
The new initiatives highlight a growing divide between Ripple’s corporate expansion and XRP’s price performance.
A recent CoinMarketCap report examined XRP’s major bullish catalysts, including the end of Ripple’s long-running legal battle with the Securities and Exchange Commission, the arrival of seven US spot XRP exchange-traded funds, and the rapid expansion of RLUSD.
“The story got better, but the price didn’t,” the report said.
According to the analysis, XRP ETFs attracted approximately $1.47 billion in cumulative inflows through late June, including seven to eight consecutive weeks of net buying.
Despite those inflows, XRP continued to decline.
The streak subsequently ended with net outflows of approximately $7.18 million during the week of July 6.
CoinMarketCap argued that persistent ETF buying without a corresponding price increase suggested that equally heavy selling pressure remained on the other side of the market.
A dollar-backed stablecoin can move value across blockchain networks without exposing institutions to XRP’s price volatility.
RLUSD transactions can also take place on Ethereum and other supported networks rather than directly on the XRP Ledger.
CoinMarketCap also noted that XRP Ledger activity had previously risen alongside tokenized asset growth, while XRP’s price continued to fall.
That activity later cooled, adding to concerns that the increase had not established a lasting new baseline.
“The infrastructure is real and expanding, while the demand to hold XRP itself isn’t yet proven,” the report said.
What Would XRP Price Need to Reach $6?
XRP would need to increase approximately 466% from its current price of $1.06 to reach $6.
Assuming its circulating supply remains close to 63.3 billion tokens, a $6 price would give XRP a market capitalization of approximately $380 billion.
That would be more than five times its current valuation and place XRP among the largest cryptocurrencies.
The target is nevertheless less extreme when measured against XRP’s previous peak.
XRP would first need to recover its 2025 cycle high of $3.55. From there, reaching $6 would require a further increase of around 69%.
A decisive move above $3.55, supported by sustained trading volume rather than a temporary speculative spike, would return XRP to price discovery.
Only then would $6 become a credible market target.
Kurt Robson is a London-based reporter at CCN, specialising in the fast-moving worlds of crypto and emerging technology. He began his career covering local news in Cornwall after graduating from Falmouth University with First Class Honours in Journalism. There, he cut his teeth on everything from council meetings to missing swans.
He quickly rose through the ranks to become a frontline journalist at several of the UK’s leading national newspapers. Over the years, he has interviewed musicians and celebrities, reported from courtrooms and crime scenes, and secured multiple front-page exclusives.
Following the upheaval of the COVID-19 pandemic, Kurt shifted his focus to technology journalism—just ahead of the AI boom. With a natural curiosity and a trained eye for emerging trends, he has found a new rhythm in reporting on innovation.
At CCN, Kurt's work focuses on the cutting edge of crypto, blockchain, AI, and the evolving digital world. Drawing on his background in people-first reporting and his deep interest in disruptive tech, Kurt delivers stories that are insightful, entertaining, and human-centric.
