Ripple secures full MiCA licence across 30 EU states as XRP holds near $1.10
Ripple's pan-European MiCA approval and a swelling licence book underpin XRP even as the token stays locked in a narrow trading range.
Ripple has secured full authorisation under the European Union’s Markets in Crypto-Assets regulation, giving the company a licensed operating footprint across 30 European countries and adding to a growing regulatory portfolio that now exceeds 75 licences worldwide. The approval arrives as XRP itself trades in a narrow band, with the token changing hands at $1.1032 as of 26 July, according to CoinMarketCap data cited by TokenPost.
The MiCA clearance formalises Ripple’s legal standing to operate across the bloc under a single regulatory umbrella, rather than negotiating separately with national authorities. For a firm whose commercial strategy increasingly centres on serving banks, fintechs and payment providers, a bloc-wide licence removes a significant layer of jurisdictional friction that has historically slowed institutional onboarding in crypto markets.
Compliance as infrastructure
The timing is notable given Ripple’s parallel push to expand RLUSD, its dollar-pegged stablecoin, which has grown to an estimated market capitalisation of roughly $1.6 billion alongside new exchange partnerships. The company has also launched Ripple Mint, an institutional platform for minting and redeeming RLUSD across both the XRPL EVM sidechain and Ethereum-compatible layers, aimed at streamlining multi-chain fiat settlement for regulated entities.
Market commentary reported by TokenPost frames the stablecoin strategy less as a short-term price catalyst and more as a long-horizon bid to position the XRP Ledger as a compliance-first settlement rail for banks and payment providers. The MiCA approval strengthens that narrative by giving Ripple a defensible regulatory base from which to court European institutional partners.
US legislative backdrop adds to the picture
Regulatory momentum is not confined to Europe. In the United States, the CLARITY Act advanced through a Senate committee and was sent to the full chamber, a development that briefly lifted XRP from around $1.10 to $1.13, according to data cited by OpenPR via CoinGabbar. Standard Chartered has suggested that, should the legislation ultimately pass, it could open the door to meaningful inflows into a spot XRP exchange-traded fund.
These regulatory signals are unfolding alongside continued technical development on the XRP Ledger itself. Server software version 3.2.0 is nearing completion, with roughly 66% of validators and 57% of nodes already upgraded. A related change, XLS-0095, formalises the renaming of the network’s core software from “rippled” to “xrpld” as part of broader groundwork intended to support tokenised assets and higher-throughput stablecoin processing.
Price action remains contained
Despite the accumulating regulatory and infrastructure news, XRP’s spot market has been subdued. Twenty-four-hour trading volume stood at approximately $580.33 million, down 10.46% on the previous day, with market capitalisation near $68.9 billion. The token was essentially flat across short timeframes, up 0.32% over 24 hours and 0.82% over seven days, while still carrying steeper drawdowns of 16.83% over 60 days and 20.49% over 90 days, against a partial 30-day rebound of 5.37%.
Analysts tracking the chart broadly agree that the 200-day moving average, sitting somewhere between $1.09 and $1.15 depending on methodology, has become the key battleground for direction. A weekly close above that zone is seen by some as a potential trigger toward $1.40–$1.50, while a failure to hold near $1.05 could expose a lower demand area around $0.98.
Other developments feeding into the ecosystem include a proposed “AMM Swappable Curves” upgrade to expand automated market maker functionality on XRPL, and an integration linking Mastercard’s “Verifiable Intent” security standard to the network via the x402 protocol and infrastructure provider t54, aimed at enabling AI-driven payments under institutional-grade controls.
Read more: Ripple deepens RLUSD compliance rails as XRP stalls below key resistance
