Ripple Secures Preliminary MiCA License, XRP ETF Inflows Top $1.45B

Ripple has obtained preliminary approval for a Crypto Asset Service Provider (CASP) license from Luxembourg’s Commission de Surveillance du Secteur Financier under the European Union’s Markets in Crypto-Assets (MiCA) regulation. The license was granted through a Green Light Letter and remains subject to final conditions. If fully confirmed, it would allow Ripple to offer regulated cryptocurrency services across the entire European Economic Area (EEA), which comprises 30 countries.

Cassie Craddock, Managing Director, UK & Europe at Ripple, commented: “Financial market infrastructure is moving on-chain – from cross-border payments and settlement to collateral management and tokenized assets – and banks and fintechs are actively building the digital asset capabilities they need to remain competitive. With our growing European presence, regulatory track record and institutional-grade infrastructure, we’re ready to meet the moment and support that transition at scale.”

On the ETF front, institutional interest in XRP remains strong despite a broader market downturn. Data from SoSoValue shows that spot XRP ETFs have seen consistent inflows, with the last day of net outflows recorded on March 6. Issuers including Canary Capital, Bitwise, Franklin Templeton, 21Shares, and Grayscale have contributed to cumulative net inflows exceeding $1.45 billion.

The consistent inflows require ETF issuers to purchase real XRP on the market, which could support the token’s price. However, XRP currently trades at around $1.10, representing a 20% decline over the past month and a 70% drop from its all-time high reached in 2025.

Despite the steep decline, some analysts remain optimistic. X user Tom noted that XRP has formed a pattern similar to its 2024 run, which previously took the price from $0.50 to $3.30, and now suggests a potential upswing to $8.42. Analyst JAVON MARKS was even more bullish, stating that “XRP’s breakout stands, which means the measured move target near $17 does as well.”

Source: https://cryptopotato.com/ripple-xrp-news-today-june-24/