Ripple has secured a key regulatory approval in Europe, enabling its expansion across 30 countries. Meanwhile, institutional investment via spot XRP ETFs remains strong, with cumulative net inflows exceeding $1.45 billion. Despite these developments, the XRP token continues to trade significantly below its all-time high.
Ripple has received preliminary approval for a Crypto Asset Service Provider license from Luxembourg’s financial regulator. This approval, granted under the EU’s MiCA regulation, would allow the company to offer regulated services across the European Economic Area. Cassie Craddock, Managing Director for the UK & Europe at Ripple, stated that the firm is ready to support the transition of financial infrastructure on-chain.
Institutional interest in XRP appears solid even as exposure to other major cryptocurrencies has waned. Data shows that spot XRP ETFs have seen consistent net inflows since early March. Major financial firms like Canary Capital, Bitwise, and Franklin Templeton are among the issuers of these products.
The requirement for ETF issuers to purchase underlying XRP could provide price support. However, the token’s market performance has not reflected this potential catalyst.
XRP currently trades around $1.10, representing a 70% decline from its 2025 peak. This steep drop has not eliminated bullish sentiment among some market observers. One analyst suggested a historical pattern could signal a major upward move, while another cited a technical breakout target near $17.
