Ripple Wins Full MiCA Licence in Luxembourg as XRP ETF Inflows Hit Eight Weeks

Ripple has been granted a full Crypto-Asset Service Provider licence by Luxembourg’s financial regulator, the Commission de Surveillance du Secteur Financier, allowing the payments firm to passport regulated crypto services across all 27 European Economic Area states under the bloc’s Markets in Crypto-Assets regulation. The approval lands as spot XRP exchange-traded funds extend their run of net inflows to eight consecutive weeks, with cumulative flows reaching $1.49 billion, even as the token itself slipped in trading.

The dual development underscores how European regulatory clearance and institutional product demand for XRP are now moving in tandem, at a moment when Brussels’ licensing regime is being tested as a genuine competitive advantage for firms seeking bloc-wide market access.

Passporting rights across the bloc

According to Ripple, the CASP authorisation completes a regulatory process that began with initial MiCA clearance in June and now sits alongside the company’s existing European e-money licence. Together, the approvals permit Ripple to offer regulated crypto payment services throughout the EEA without seeking separate authorisation in each member state.

Announcing the licence, Ripple’s official account said: “It’s official: Ripple has received its EU CASP license. We are now fully MiCA-compliant and ready to meet growing European crypto demand.”

Ripple said the combined licensing framework supports its cross-border payments business serving banks and financial institutions, while offering clearer compliance footing for crypto transactions carried out in the region. The company added that it expects the authorisation to support wider adoption of both XRP-based payment products and its RLUSD stablecoin across Europe. Cassie Craddock, Ripple’s Managing Director for the UK and Europe, said the firm was now fully prepared to expand under the MiCA framework following completion of the regulatory transition.

ETF inflows persist despite price weakness

The regulatory news coincided with data showing spot XRP ETFs have now recorded eight straight weeks of net inflows, taking cumulative inflows to $1.49 billion, according to crypto.news. The streak has continued even as XRP itself traded lower on Tuesday, changing hands at around $1.13, down 1.1% over the previous 24 hours, though the token remained roughly 9% higher over the week.

The move came against a broader market backdrop in which Bitcoin held weekly gains of more than 10% despite weakness in US equities and rising oil prices linked to geopolitical tensions, while Ether traded near $1,800. Investors were also monitoring the final text of the GENIUS Act, expected before 18 July, a piece of US legislation with implications for stablecoin regulation.

Technical picture shows XRP testing support

Chart analysis cited by crypto.news showed XRP testing the 61.8% Fibonacci retracement level near $1.12 on the four-hour timeframe, while holding above Supertrend support around $1.11. The Chaikin Money Flow indicator remained slightly above zero, pointing to continued buying interest even as the token consolidates after its recent rally, with traders watching for a potential move toward the $1.15–$1.18 range.

For PoundToken’s readers, the Luxembourg licence is arguably the more consequential development of the two. As MiCA’s passporting regime matures, firms securing early, comprehensive authorisation stand to gain a structural edge in serving European institutional clients, a dynamic that regulators and rival exchanges alike will be watching closely in the months ahead.

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