XRP Price Slides after MiCA license in Luxembourg
XRP price is down 4.35% to $1.07, underperforming a broadly weaker crypto market, primarily driven by a “sell-the-news” reaction to a key regulatory milestone.
Profit-taking after Ripple secured a full MiCA license in Luxembourg, a classic “sell-the-news” event amid weak market sentiment.
Ripple received full MiCA authorisation from Luxembourg’s CSSF, enabling it to provide regulated services across Europe. Instead of rallying, the price dropped as traders locked in profits from prior speculation.
This occurred within a fearful market, amplifying the sell-off. Positive fundamental news can trigger short-term selling if the event was already priced in, especially in a risk-off environment.
The license failed to boost the XRP price because the Crypto Asset Service Provider (CASP) authorisation is a business compliance milestone rather than a direct endorsement of the XRP token itself
Meanwhile, spot XRP ETF inflows have sharply slowed to under $5 million in July, down from $132 million in May, reducing a key source of buy-side pressure.
Technically, XRP broke below the 61.8% Fibonacci retracement level at $1.12 and is trading below all major daily moving averages, confirming bearish momentum.
The immediate support zone is $1.05–$1.07. If buyers defend this area, XRP may attempt to reclaim the $1.12–$1.18 resistance.
A decisive break below $1.05, however, opens the path toward the psychological $1.00 level. The next major catalyst is the U.S. CLARITY Act, now expected in early August after missing its July deadline.
The trend is bearish below $1.12, but oversold conditions near multi-month lows could lead to a tactical bounce if broader market sentiment stabilises. XRP’s drop reflects a convergence of profit-taking on regulatory news, fading ETF momentum, and a technical breakdown. XRP Declines as Alphractal’s CEO Warns of Liquidation Risk
