$XRP Jumps as Ripple Secures Full EU MiCA License
XRP price (XRPUSD) has jumped back to $1.15, closely tracking Bitcoin’s 1.66% rebound amid improving macro sentiment, with Ripple securing a full EU MiCA License.
Ripple has officially received full authorisation for its Crypto Asset Service Provider (CASP) license from Luxembourg’s financial regulator.
This makes it fully MiCA-compliant, allowing it to offer regulated crypto payment services and infrastructure across all 30 European Economic Area nations through a single integration.
This is bullish for XRP because it eliminates country-by-country regulatory friction, streamlining access for European banks and financial institutions. It positions Ripple as a key regulated gateway for institutional crypto adoption in a major market
The token gain closely mirrored Bitcoin’s 1.66% rise. The broader market rebound was triggered by a weak U.S. jobs report on July 2, which eased fears of further Fed rate hikes, and a reversal in spot Bitcoin ETF flows after 10 days of outflows. This macro shift lifted risk assets across the board.
XRP’s move was less about its own fundamentals and more a reflection of improving crypto market sentiment, with Bitcoin leading the charge.
While no additional catalyst emerged in the last 24 hours, underlying supportive factors persisted. U.S. spot XRP ETFs recorded a ninth consecutive week of net inflows, adding $17.19 million.
The narrative of Ripple’s regulatory progress following the SEC case continues to bolster institutional confidence. Steady institutional participation provides a foundation, but recent price action was primarily sentiment-driven.
The immediate structure hinges on the $1.14 level, which recently flipped from resistance to support. A successful hold here could fuel a move toward the next key resistance at $1.20.
The upcoming release of the Federal Reserve’s June meeting minutes on July 8 is a critical macro event that could dictate short-term direction.
The trend is cautiously constructive but remains tightly linked to broader market moves and upcoming macro data. A decisive close above $1.155 would confirm the breakout’s strength.
XRP’s uptick is part of a broader market relief rally, amplified by its status as a liquid large-cap altcoin. While its own institutional story provides underlying support, near-term direction will be dictated by Bitcoin’s momentum and macro triggers. Ether.fi Gains 11% as Capital Rotates into Altcoins
