Key Insights:
- As per XRP News, Ripple Labs received its EU CASP license in Luxembourg, thereby completing its MiCA requirements.
- Analysts remain divided as XRP trades between key support and resistance levels.
- Traders now watch the next two-week candle for clearer market direction.
XRP news is in focus after Ripple Labs confirmed it has received its EU Crypto Asset Service Provider license in Luxembourg. The approval completes the company’s MiCA crypto regulation requirements. It also allows the company to provide regulated crypto services across all 30 countries in the European Economic Area.
XRP News Gets Boost from Ripple Labs’ EU License
XRP news attracted fresh attention after Ripple Labs announced that it had received its Crypto Asset Service Provider (CASP) license in Luxembourg. The approval was granted by the country’s financial regulator, the Commission de Surveillance du Secteur Financier.
Ripple said the license meets its requirements under the European Union’s Markets in Crypto-Assets Regulation, also known as MiCA. It follows the preliminary approval the company announced in June 2026.
With the final crypto regulation approval now in place, Ripple Labs can offer its regulated crypto payment services across the 30 countries that make up the European Economic Area. The company said its services are available to financial institutions, businesses, and corporate customers.
Cassie Craddock, Managing Director for the United Kingdom and Europe at Ripple, said the company is now fully compliant under MiCA. She said many financial institutions across Europe want to work with regulated digital asset companies as they build new crypto services.
Ripple also said the CASP approval comes in addition to its Electronic Money Institution license in the European Union. According to the company, it is now one of a small number of digital asset firms with full authorization under MiCA.
Ripple added that it holds more than 75 regulatory licenses around the world. The approval gives Ripple a stronger position in Europe as more companies look for regulated partners in the digital asset market.
Traders Watch XRP Price After the Announcement
The news from Ripple Labs was followed by fresh comments from market watchers who shared different views on XRP. Crypto analyst MikybullCrypto said the current XRP chart suggests a potential for a much bigger move.
The analyst said a price of $5 could be a conservative target if the expected move takes place. No time frame was given for that prediction.
Another analyst, EGRAG CRYPTO, focused on XRP’s two-week chart. The analyst said the latest candles show that buyers and sellers are still fighting for control.
According to the post, XRP recently moved higher but met strong selling pressure. Resistance remains around $1.40, $1.65, and the blue macro zone.
On the other hand, buyers defended the area around $1.00 and $1.05 after the price moved lower. The market participant said this shows that neither side has taken full control of the market.
Key Levels Could Decide the Next Move
EGRAG CRYPTO said the next two-week candle could give traders a better idea of where XRP is heading. The analyst said a move above $1.20 would show that buyers are gaining strength again. A break above $1.40 would improve the picture even more, while a move above $1.65 could point to a larger breakout.
On the downside, falling below $1.05 would be an early warning sign. A drop below $0.96 would indicate greater weakness. The area between $0.77 and $0.78 was described as a strong long-term buying zone if the price falls that far.
For now, the analyst believes XRP is moving inside a tight range. Buyers are protecting support while sellers continue to defend resistance. That means traders are waiting for the next clear move before deciding the market’s direction.
Notably, the new European license is an important step for Ripple Labs’ business. At the same time, XRP remains under close watch as traders wait to see whether the price can break above resistance or fall below support in the weeks ahead.
Source: Original Article
