Ripple Secures Key EU Regulatory Approval Amidst Continued Institutional Interest
Luxembourg – Ripple has achieved a significant regulatory milestone, securing preliminary approval for a Crypto Asset Service Provider (CASP) license from Luxembourg’s financial regulator. This development is crucial for the company’s expansion of regulated cryptocurrency services across the European Union.
The approval, granted by the Commission de Surveillance du Secteur Financier under the EU’s Markets in Crypto-Assets (MiCA) regulation, was issued via a Green Light Letter and is contingent on meeting final conditions. If fully confirmed, the license would empower Ripple to offer its services throughout the European Economic Area (EEA), encompassing 30 countries.
Cassie Craddock, Managing Director for UK & Europe at Ripple, highlighted the evolving financial landscape. “Financial market infrastructure is moving on-chain – from cross-border payments and settlement to collateral management and tokenized assets – and banks and fintechs are actively building the digital asset capabilities they need to remain competitive,” Craddock stated. “With our growing European presence, regulatory track record and institutional-grade infrastructure, we’re ready to meet the moment and support that transition at scale.”
Despite these positive regulatory steps, Ripple’s native token, XRP, has not seen a significant price rebound. It remains down approximately 70% from its all-time high recorded last summer.
In contrast to a broader trend of institutional investors reducing exposure to Bitcoin (BTC) and Ethereum (ETH) in recent weeks, XRP has continued to attract substantial capital. Data from SoSoValue indicates that inflows into spot XRP Exchange Traded Funds (ETFs) have consistently surpassed outflows, with the last recorded day of net outflows being March 6. Major financial institutions offering these products include Canary Capital, Bitwise, Franklin Templeton, 21Shares, and Grayscale. The cumulative net inflow into these XRP ETFs to date has exceeded $1.45 billion.
The demand generated by these spot ETF inflows necessitates the issuers to purchase actual XRP on the market, a factor that could potentially influence the token’s price positively.
However, XRP is currently trading around $1.10, marking a 20% decrease over the past month and a substantial 70% drop from its historic peak in 2025. This price suppression is occurring within a prolonged bear market.
Despite the steep decline, some analysts remain optimistic about XRP’s future. X user Tom recently suggested that the token has formed a pattern reminiscent of its 2024 trajectory, which saw its price surge from $0.50 to $3.30. This analyst predicts a potential major upswing to $8.42. JAVON MARKS expressed an even more bullish outlook, asserting that “XRP’s breakout stands, which means the measured move target near $17 does as well.”
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