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Big news regarding Ripple and XRP. The company has received an electronic money institution license in the United Kingdom, along with crypto-asset registration from the Financial Conduct Authority. This is not just a formality — it marks the beginning of a new era for digital asset companies in Europe.
Cassy Craddock shared this update on X, stating that the bridge between traditional finance and decentralized finance is now open. Ripple already holds an EU EMI license, further expanding their regulated scope. Over the past year, they have been busy building relationships with financial institutions, launching new products, and forming partnerships. The UK has yet to establish a specific framework similar to the MiCA regulations in Europe, but Ripple is also ready to expand its services there.
Now, let’s look at XRP. Currently, the token is trading near $1.42, down 0.84% in the last 24 hours. The market is watching a key support level at $1.40, where the long-term trend remains intact. According to EGRAG Crypto’s chart analysis, XRP is in a broader bullish structure — a pattern seen several times since 2018, where it pulls back to support before moving higher.
Based on the chart, it’s crucial to stay above $1.40 on a monthly basis. If the price closes stably above this level, the next target will be $2.70, followed by a major macro resistance at $4.50.
On-chain data shows a positive signal. According to CryptoQuant, XRP reserves on exchanges have fallen to $2.75 billion. This indicates that holders are withdrawing coins from trading platforms, reducing immediate selling pressure and supporting price stability during weak periods.
Ripple’s product expansion is also significant. They are working on tokenization and cross-border payments, with plans to use XRP as a bridge asset in all these areas. They support the Clarity Act in the United States, which could establish a clear legal framework and help further expand Ripple’s payment strategy into the market. Overall, regulatory approval and on-chain signals are creating a strong narrative.