XRP traded near $1.09 on July 14, holding below the $1.10 level it had briefly cleared earlier in the month. The move came as Ripple confirmed it had received full authorization for its Crypto-Asset Service Provider license from Luxembourg’s Commission de Surveillance du Secteur Financier, the company announced.
The license clears Ripple to offer regulated crypto payment services across all 30 EU countries under the bloc’s Markets in Crypto-Assets rulebook. Spot XRP ETFs, meanwhile, have added roughly $1.48 billion in cumulative net inflows since their November launch, even as the token’s own price has lagged that fund demand.
What Happened
Ripple’s CASP approval follows a preliminary green light the company received from the same Luxembourg regulator on June 23, according to Ripple’s announcement. The full license, confirmed July 6, makes Ripple one of roughly 210 firms that met the EU’s July 1 MiCA deadline out of more than 1,200 that previously operated in the bloc. Cassie Craddock, Ripple’s managing director for the UK and Europe, said the license leaves the company “ready to scale”.
Spot XRP ETFs pulled in more than $62 million in June alone, pushing cumulative net inflows to roughly $1.48 billion, CoinDesk reported July 2. Yahoo Finance Crypto counted eight consecutive weeks of positive flows through late June, even as XRP slid to a 2026 low near $1.04 during the same stretch.
XRP briefly broke above $1.10 resistance on July 10 before slipping back to around $1.09 by July 14, CoinDesk reported. Key support running into this week sat at $1.0880, with the $1.1065 to $1.13 band forming the nearest resistance, per CoinDesk’s July 10 coverage.
What This Means for XRP Holders
Neither the MiCA license nor the ETF inflow streak has translated into a sustained breakout, and for holders that gap is the story. Ripple’s own announcement centers its regulated payments business rather than XRP demand, and the token slipped after June’s preliminary approval landed too. Our altcoins hub tracks how these regulatory and flow catalysts stack up against XRP’s technical picture week to week.
The $1.10 Level That Decides the Next Move
Traders are watching whether XRP can reclaim the $1.10 support it lost this week. A drop below $1.0880 would put the $1.04 low back in play, while a clean move back above $1.13 would reopen the path toward $1.19 to $1.23
What This Means for You
If you’re new to XRP, treat this week’s slip back below $1.10 as a reminder that regulatory wins and ETF demand haven’t forced a breakout on their own. Ripple’s MiCA license widens where the company can operate in Europe, but it doesn’t automatically create new XRP buyers, and this month’s price action reflects that gap.
Whether XRP reclaims $1.10 in the days ahead will show whether these headlines are shifting real demand, or whether the token keeps trading independently of the news around it.
This article is for informational purposes only and does not constitute financial advice. Do your own research before making any investment decisions.
