TLDR Ripple received full MiCA approval from Luxembourg’s financial regulator, the CSSF. The license lets Ripple offer payment services across all 30 EEA countries. XRP traded at $1.07, down
XRP price traded near $1.07 this week, down slightly over the past day. The move came shortly after Ripple announced a regulatory approval in Europe.
Ripple said it received full authorization from Luxembourg’s financial regulator, the CSSF. The license makes Ripple a registered Crypto Asset Service Provider under the European Union’s MiCA rules.
“Regulatory clarity is the foundation of institutional trust.”
Last month, Ripple received full EU authorization for a MiCA Crypto Asset Service Provider (CASP) license from Luxembourg’s CSSF.
With our EU EMI license, institutions across all 30 EEA nations can now collect,… pic.twitter.com/lyj9pOnpPH
— Ripple (@Ripple) August 5, 2026
The approval lets Ripple offer its payment services across all 30 countries in the European Economic Area. Companies can now work with Ripple through one regulated agreement instead of separate deals in each country.
Ripple said the license builds on its existing Electronic Money Institution permit. The company said regulatory clarity helps build trust with banks and financial institutions.
The MiCA framework sets common rules for crypto businesses across the European Union. Ripple’s new status could make it easier for banks to use blockchain technology for payments.
The announcement adds to Ripple’s growing list of licenses in different countries. The company has spent years building relationships with regulators and financial institutions around the world.
Despite the regulatory news, XRP price did not see a strong reaction. The token traded at $1.07, down 0.28% over 24 hours, according to TradingView data.
XRP remains below its 50-day moving average near $1.10. It is also trading under its 200-day moving average around $1.34.
XRP Price on CoinGeckoBoth levels suggest sellers still have more control over the price trend. The Relative Strength Index sits near 44, which points to weak momentum.
An RSI reading near 44 is not considered oversold. Traders often view levels below 30 as oversold territory.
Support for XRP sits near $1.05. If that level breaks, the price could face further pressure.
A move back above $1.10 could help improve short term sentiment. That level would need to hold before traders expect a larger rally.
Data from SoSoValue shows spot XRP ETF assets remain close to $1 billion. Daily net inflows into these funds stayed flat this week.
CoinGlass data shows open interest in XRP has stayed steady. This suggests traders are holding current positions rather than adding new leveraged bets.
There have been no large ETF outflows reported recently. This shows institutional investors have kept their existing exposure to XRP.
Ripple’s MiCA license is part of its long term push into regulated payment services in Europe. The company has said it wants institutions to use its network for cross border settlement.
For now, the XRP price has not shown a clear reaction to the license news. Traders are watching whether the $1.10 resistance level breaks in the coming days.
The post XRP Price Holds Near $1.07 After Ripple Secures MiCA Approval appeared first on Blockonomi.
