If people want to take Luke 22:20 literally
They would have to say it was the cup that died for our sins.
If people want to take John 6:52-54 litereally,
Then they would have to conclude that Christ was literally referring to cannibalism and their response would be offensive (I hope).
There is nothing mystical about communion. Christ was simply making a point that we must repent to God and accept His death that He paid for the forgiveness of our sins. That is the new covenant. There will not be another covenant. Christ left this sacrament (communion) so that we could proclaim what He has done for us. Communion physically ties us to a direct act of Christ and a way in which we can proclaim Christ. That is a great honor and blessing in itself.
See also:
Jer 31:31-34,
2 Cor 3:4-6, and
Isa 61
Christians are now under the “New Covenant”
Previous covenants (Abrahamic and Davidic) are not removed but are considered two of three “streams” that come together with the New Covenant in the millennial kingdom ruled over by the Messiah.
The New Covenant is the sacrifice of Christ for the forgiveness of sin verses the Old Covenant of living by the law of Moses.
He clearly defines it here:
Jer_31:33 “But this is the new covenant I will make with the people of Israel on that day,” says the LORD. “I will put My instructions deep within them, and I will write them on their hearts. I will be their God, and they will be My people.
and repeated here:
Heb_8:10 But this is the new covenant I will make with the people of Israel on that day, says the LORD: I will put My laws in their minds, and I will write them on their hearts. I will be their God, and they will be My people.
Now, doesn’t that explain why we must be born again and have God’s spirit living in us?
He destroyed the temple, priestly system and sacrificial system. no intermediates.
He wants a direct relationship with his chosen.