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Ripple’s RLUSD Gets Banking Boost from AMINA as XRP Eyes 28% Breakout
Ripple has recently partnered with Switzerland-based AMINA Bank, allowing the company to expand its institutional offerings through RLUSD. This announcement comes amid a bullish setup for XRP, as it eyes a 28% breakout.
The partnership with AMINA Bank is significant, as it marks the first globally licensed bank to offer custody and trading services for Ripple’s U.S. dollar-pegged stablecoin, RLUSD. The bank operates in Switzerland, Abu Dhabi, and Hong Kong, providing institutional-grade custody and trading for RLUSD. This move brings RLUSD into Europe’s regulated financial environment.
RLUSD operates across the XRP Ledger and Ethereum-compatible chains. Its design supports fast, low-cost settlements for payments and tokenized assets. The integration with AMINA Bank aims to connect blockchain settlement with traditional institutional infrastructure, allowing Ripple to further expand its ecosystem.
The stablecoin has already secured regulatory approval from bodies such as the New York Department of Financial Services and Dubai Financial Services Authority. This entry into Europe aligns with the EU’s Markets in Crypto-Assets (MiCA) regulations, positioning Ripple ahead of broader compliance requirements.
RLUSD has exceeded $430 million in circulation, demonstrating its growth in regulated environments. AMINA Bank also offers secure custody and direct trading, as well as plans to provide tokenized savings products and on-chain collateral tools using RLUSD. This integration supports Ripple’s strategy to embed RLUSD into cross-border treasury management and digital asset platforms.
XRP Forms Bullish Flag
In the meantime, an analysis of XRP’s chart reveals a bullish flag pattern. A bullish flag pattern appears when the price moves sharply upward, then consolidates in a downward-sloping channel before potentially breaking out in the same upward direction. This structure often signals trend continuation rather than reversal.
The current price of XRP is $2.22, which tests the upper boundary of the flag. The consolidation occurred after an intense upward movement in May. The 50-day exponential moving average (EMA), which sits at $2.21, now supports the price from below. At this time, the relative strength index (RSI) stands at 52.75, suggesting neutral momentum with room for further growth.
If XRP breaks above the flag resistance, the pattern indicates a likely 28 percent move upward from the current level, targeting $2.83.
Source: coinchapter.com
