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Ripple’s RLUSD Gets Banking Boost from AMINA as XRP Eyes 28% Breakout
July 4, 2025 – In a groundbreaking move, Ripple has partnered with Switzerland-based AMINA Bank to offer institutional-grade custody and trading services for its US dollar-pegged stablecoin RLUSD. This strategic alliance marks a significant milestone in Ripple’s institutional expansion and further solidifies the company’s commitment to regulated financial markets.
AMINA Bank, which operates under the regulatory umbrella of Swiss Financial Market Supervisory Authority (FINMA), will provide secure custody and direct trading for RLUSD, fully backed by U.S. dollars and short-term Treasuries. This development introduces Ripple’s stablecoin into Europe’s regulated financial environment, aligning with the EU’s Markets in Crypto-Assets (MiCA) regulations.
RLUSD, which has secured regulatory approvals from bodies such as the New York Department of Financial Services and Dubai Financial Services Authority, will now be accessible to institutional clients through AMINA Bank’s offerings. The stablecoin is designed to facilitate fast, low-cost settlements for payments and tokenized assets, bridging the gap between blockchain settlement and traditional institutional infrastructure.
In related news, the XRP/USD daily chart has formed a bullish flag pattern. A bullish flag pattern emerges when prices rise sharply, then consolidate within an upward-sloping channel before potentially breaking out in the same direction. This structure is often indicative of trend continuation rather than reversal.
Currently, XRP trades at $2.22 while testing the upper boundary of the flag. The 50-day exponential moving average (EMA), situated at $2.21, now provides support to the price from below. Meanwhile, the relative strength index (RSI) reads 52.75, suggesting neutral momentum with room for further growth.
If XRP manages to break above the flag resistance, the pattern suggests a likely 28% move upward from the current level. This potential breakout would project a target near $2.83, as indicated by the chart analysis.
Source: coinchapter.com
