Key takeaways
- Luxembourg’s financial regulator has granted Ripple preliminary approval for a Crypto Asset Service Provider (CASP) license under the European Union’s Markets in Crypto-Assets Regulation (MiCA).
- XRP is down by nearly 4% in the last 24 hours and now trades at $1.10 per coin.&
Luxembourg regulator grants Ripple CASP green light
Luxembourg’s financial regulator has granted Ripple preliminary approval for a Crypto Asset Service Provider (CASP) license under the European Union’s Markets in Crypto-Assets Regulation (MiCA), the company confirmed on Tuesday.
Once fully approved, the license will enable Ripple to provide regulated crypto services to banks, fintech firms, and other businesses across all 30 countries in the European Economic Area (EEA) through a single regulatory passport system.
The CASP approval expands Ripple’s existing regulatory footprint in Europe. The company already holds an Electronic Money Institution (EMI) license in Luxembourg, which allows it to offer cross-border payment and electronic money services throughout the EEA.
Together, the EMI and upcoming CASP authorization are expected to support a unified infrastructure for crypto asset and stablecoin-based payments across Europe.
The timing of the development is notable, coming just ahead of the July 1 transition deadline, when EU member states begin fully enforcing MiCA regulations.
According to Ripple, the combined regulatory approvals will enable the company to deliver a “full crypto asset and stablecoin payments infrastructure” through a single integration.
The firm also said the approval positions it to expand its broader crypto services across Europe, which it described as one of its most important growth regions.
Cassie Craddock, Managing Director for the UK and Europe at Ripple, said MiCA is already accelerating institutional adoption of digital assets across the region.
Ripple now holds more than 75 regulatory licenses worldwide, reinforcing its push toward regulated global expansion.
In addition to its EU progress, the company also secured a UK license from the Financial Conduct Authority in January 2026, further strengthening its position in key financial markets.
XRP could dip below $1.0 as the market sentiment remains bearish
The XRP/USD 4-hour chart remains bearish and efficient as Ripple has lost 4% of its value in the last 24 hours.
At press time, XRP is trading at $1.10 and could drop lower in the near term. The momentum indicators show that the bulls are in control of the market.
The MACD lines are below the neutral zone, while the RSI of 32 shows that XRP is heading into the oversold territory.
If the bearish trend persists, XRP could retest the June low of $1.05, with lower demand zones at the $0.98 level.&
However, if the bulls regain control, XRP could rally towards the Monday high of $1.16. A daily candle close above this level could see XRP target the $1.23 resistance zone.
The post XRP dips to $1.10 as Ripple secures preliminary MiCA approval appeared first on CoinJournal.
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