Ripple Secures Full MiCA Approval in Europe as XRP ETF Inflows Hold

The Luxembourg Commission de Surveillance du Secteur Financier has granted Ripple a Crypto-Asset Service Provider license under the European Union’s Markets in Crypto-Assets framework. This authorization allows the firm to passport its regulated payment services across all 27 member states of the European Economic Area. By combining this new license with its existing e-money authorization, Ripple aims to solidify its infrastructure for cross-border payments serving banks and enterprise clients, while facilitating the rollout of its RLUSD stablecoin.

Market performance reflects this structural expansion, although the token faced a slight dip on Tuesday, trading near $1.13. Technical analysts are closely monitoring the $1.12 support level, which aligns with the 61.8% Fibonacci retracement on the 4-hour chart. Maintaining this position could pave the way for a recovery toward the $1.18 resistance zone. Meanwhile, institutional interest through exchange-traded funds remains a key pillar of support; Bitwise’s fund leads the sector with $330.84 million in net assets, followed by Canary and Franklin as investors position themselves ahead of upcoming regulatory developments like the GENIUS Act.